Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Free Report) EVP Elizabeth Vonne sold 632 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $288.14, for a total transaction of $182,104.48. Following the completion of the sale, the executive vice president owned 9,177 shares of the company’s stock, valued at $2,644,260.78. This represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Elizabeth Karpinski Vonne also recently made the following trade(s):
- On Thursday, August 27th, Elizabeth Vonne sold 907 shares of Advanced Energy Industries stock. The shares were sold at an average price of $290.05, for a total value of $263,075.35.
- On Tuesday, August 18th, Elizabeth Vonne sold 908 shares of Advanced Energy Industries stock. The shares were sold at an average price of $332.68, for a total value of $302,073.44.
Advanced Energy Industries Stock Performance
AEIS traded down $11.78 on Thursday, hitting $273.74. The company had a trading volume of 318,049 shares, compared to its average volume of 776,596. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.79 and a quick ratio of 2.94. The company’s fifty day moving average price is $298.31 and its 200 day moving average price is $325.44. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 51.07 and a beta of 1.31. Advanced Energy Industries, Inc. has a 1-year low of $155.07 and a 1-year high of $397.44.
Advanced Energy Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, August 24th. Advanced Energy Industries’s dividend payout ratio is currently 7.46%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Wall Street Zen raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Wells Fargo & Company raised shares of Advanced Energy Industries from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $345.00 to $465.00 in a research note on Wednesday, July 1st. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Energy Industries in a research note on Tuesday, August 4th. Needham & Company LLC restated a “buy” rating and issued a $400.00 price objective on shares of Advanced Energy Industries in a research report on Tuesday, August 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Advanced Energy Industries in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Advanced Energy Industries has a consensus rating of “Moderate Buy” and a consensus price target of $409.50.
Check Out Our Latest Research Report on Advanced Energy Industries
Institutional Trading of Advanced Energy Industries
Institutional investors have recently bought and sold shares of the business. Kemnay Advisory Services Inc. acquired a new position in shares of Advanced Energy Industries in the 4th quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Advanced Energy Industries in the 2nd quarter worth $27,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Advanced Energy Industries during the first quarter worth $29,000. Twin Tree Management LP bought a new stake in Advanced Energy Industries in the fourth quarter valued at about $32,000. Finally, Danske Bank A S bought a new stake in Advanced Energy Industries in the third quarter valued at about $34,000. Institutional investors and hedge funds own 99.67% of the company’s stock.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc (NASDAQ: AEIS) designs and manufactures highly engineered power conversion, measurement and control solutions. Its products help customers generate, control, convert, distribute and measure electrical power in demanding applications that require precision, reliability and high performance.
The company’s product portfolio includes direct-current and alternating-current power systems, high-voltage power supplies, radio-frequency power systems, pulsed power solutions, power delivery systems, measurement instruments and thermal-management products.
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