Caprock Group LLC Trims Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Caprock Group LLC lowered its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 8.5% in the third quarter, Holdings Channel.com reports. The fund owned 1,979 shares of the electronics maker’s stock after selling 183 shares during the quarter. Caprock Group LLC’s holdings in Advanced Energy Industries were worth $208,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AEIS. Vanguard Group Inc. boosted its stake in shares of Advanced Energy Industries by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after purchasing an additional 73,028 shares during the period. Earnest Partners LLC lifted its holdings in Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after buying an additional 199,578 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Advanced Energy Industries by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock valued at $103,428,000 after buying an additional 15,577 shares during the period. The Manufacturers Life Insurance Company grew its stake in Advanced Energy Industries by 22.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after acquiring an additional 118,328 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Advanced Energy Industries by 23.5% during the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after acquiring an additional 102,659 shares during the period. Institutional investors own 99.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AEIS. Benchmark reissued a “buy” rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. TD Cowen lowered their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company cut their target price on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.75.

Advanced Energy Industries Trading Up 2.4 %

NASDAQ AEIS opened at $115.19 on Monday. The firm has a market cap of $4.34 billion, a PE ratio of 101.04, a price-to-earnings-growth ratio of 6.61 and a beta of 1.48. Advanced Energy Industries, Inc. has a 52 week low of $89.11 and a 52 week high of $120.81. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average price of $107.87 and a 200 day moving average price of $106.88.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The firm had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. During the same quarter in the prior year, the business posted $1.12 EPS. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Energy Industries, Inc. will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 35.09%.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.