Insider Selling: Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Sells $14,058.52 in Stock

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Anne Delsanto sold 148 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $94.99, for a total transaction of $14,058.52. Following the sale, the director now owns 5,056 shares in the company, valued at approximately $480,269.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Anne Delsanto also recently made the following trade(s):

• On Monday, April 1st, Anne Delsanto sold 148 shares of Advanced Energy Industries stock. The stock was sold at an average price of $101.89, for a total transaction of $15,079.72.
• On Friday, March 1st, Anne Delsanto sold 148 shares of Advanced Energy Industries stock. The shares were sold at an average price of $101.35, for a total transaction of $14,999.80.

Advanced Energy Industries Price Performance

NASDAQ:AEIS opened at $97.99 on Friday. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 3.35 and a beta of 1.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.10. The business has a 50 day simple moving average of $97.79 and a 200-day simple moving average of $99.13. Advanced Energy Industries, Inc. has a 1 year low of $81.86 and a 1 year high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.09). The company had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $351.74 million. Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The business’s quarterly revenue was down 22.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 EPS. Equities analysts forecast that Advanced Energy Industries, Inc. will post 2.88 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 27th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Advanced Energy Industries’s dividend payout ratio is presently 14.71%.

Hedge Funds Weigh In On Advanced Energy Industries

Several hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Advanced Energy Industries by 0.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,751 shares of the electronics maker’s stock valued at $1,727,000 after buying an additional 122 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Advanced Energy Industries by 7.1% during the 4th quarter. Quadrant Capital Group LLC now owns 2,087 shares of the electronics maker’s stock worth $227,000 after acquiring an additional 138 shares during the last quarter. Advisor Partners II LLC boosted its holdings in Advanced Energy Industries by 7.9% during the 3rd quarter. Advisor Partners II LLC now owns 2,012 shares of the electronics maker’s stock valued at $207,000 after acquiring an additional 148 shares during the period. Inspire Investing LLC boosted its stake in shares of Advanced Energy Industries by 5.4% during the third quarter. Inspire Investing LLC now owns 2,971 shares of the electronics maker’s stock valued at $306,000 after purchasing an additional 153 shares during the period. Finally, Parallel Advisors LLC grew its stake in Advanced Energy Industries by 78.2% in the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 154 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AEIS. Wells Fargo & Company decreased their price target on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Susquehanna lowered their price target on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday. StockNews.com downgraded shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research note on Thursday. Finally, Benchmark reiterated a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Advanced Energy Industries currently has an average rating of “Hold” and a consensus target price of $111.86.

Advanced Energy Industries Company 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.