Mirae Asset Global Investments Co. Ltd. Raises Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,477 shares of the electronics maker’s stock after buying an additional 726 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Advanced Energy Industries were worth $1,904,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vontobel Holding Ltd. increased its position in shares of Advanced Energy Industries by 1.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 7,109 shares of the electronics maker’s stock valued at $733,000 after purchasing an additional 117 shares during the last quarter. Cim Investment Management Inc. increased its position in shares of Advanced Energy Industries by 3.5% during the 1st quarter. Cim Investment Management Inc. now owns 3,766 shares of the electronics maker’s stock valued at $369,000 after purchasing an additional 129 shares during the last quarter. Bank of Montreal Can increased its position in shares of Advanced Energy Industries by 0.8% during the 1st quarter. Bank of Montreal Can now owns 18,239 shares of the electronics maker’s stock valued at $1,678,000 after purchasing an additional 136 shares during the last quarter. Advisor Partners II LLC increased its position in shares of 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 purchasing an additional 148 shares during the last quarter. Finally, Inspire Investing LLC increased its position in shares of Advanced Energy Industries by 5.4% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Trading Down 1.2 %

Shares of NASDAQ:AEIS opened at $89.70 on Friday. The stock has a 50 day moving average of $99.12 and a 200 day moving average of $99.41. The company has a market cap of $3.35 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 3.24 and a beta of 1.55. The company has a current ratio of 5.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.78. Advanced Energy Industries, Inc. has a 12-month low of $81.86 and a 12-month high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.10. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. The business had revenue of $405.27 million during the quarter, compared to the consensus estimate of $407.66 million. As a group, equities research analysts expect that Advanced Energy Industries, Inc. will post 2.88 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. Advanced Energy Industries’s dividend payout ratio is currently 11.76%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reduced their price target on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $115.14.

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.