State of Michigan Retirement System Takes $2.94 Million Position in Advanced Energy Industries, Inc. $AEIS

State of Michigan Retirement System purchased a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,100 shares of the electronics maker’s stock, valued at approximately $2,937,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC lifted its position in Advanced Energy Industries by 33.3% in the first quarter. Root Financial Partners LLC now owns 108 shares of the electronics maker’s stock valued at $35,000 after buying an additional 27 shares during the last quarter. Allworth Financial LP boosted its stake in Advanced Energy Industries by 9.2% during the third quarter. Allworth Financial LP now owns 582 shares of the electronics maker’s stock worth $99,000 after buying an additional 49 shares during the period. Fifth Third Wealth Advisors LLC increased its position in shares of Advanced Energy Industries by 4.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,191 shares of the electronics maker’s stock valued at $384,000 after acquiring an additional 51 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Advanced Energy Industries by 40.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 194 shares of the electronics maker’s stock valued at $41,000 after acquiring an additional 56 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Advanced Energy Industries by 6.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 906 shares of the electronics maker’s stock valued at $190,000 after acquiring an additional 58 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AEIS has been the topic of several recent analyst reports. Zacks Research lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Weiss Ratings lowered Advanced Energy Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. KeyCorp upped their price target on Advanced Energy Industries from $375.00 to $415.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Bank of America raised their price target on Advanced Energy Industries from $430.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Robert W. Baird lifted their price objective on Advanced Energy Industries from $360.00 to $380.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $400.45.

Advanced Energy Industries Stock Performance

NASDAQ AEIS opened at $284.05 on Friday. The firm has a 50 day simple moving average of $327.89 and a 200-day simple moving average of $314.67. Advanced Energy Industries, Inc. has a one year low of $128.40 and a one year high of $397.44. The firm has a market cap of $10.80 billion, a price-to-earnings ratio of 59.80, a PEG ratio of 1.23 and a beta of 1.25.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, May 4th. The electronics maker reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.12. The firm had revenue of $511.00 million for the quarter, compared to the consensus estimate of $505.81 million. Advanced Energy Industries had a net margin of 10.00% and a return on equity of 17.99%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 EPS. Advanced Energy Industries has set its Q2 2026 guidance at 1.930-2.430 EPS. Equities analysts predict that Advanced Energy Industries, Inc. will post 7.72 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 25th were paid a $0.10 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Advanced Energy Industries’s payout ratio is 8.42%.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.

Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.