State of New Jersey Common Pension Fund D Acquires 260 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

State of New Jersey Common Pension Fund D lifted its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,090 shares of the electronics maker’s stock after purchasing an additional 260 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Advanced Energy Industries were worth $1,904,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AEIS. Janney Montgomery Scott LLC increased its holdings in shares of Advanced Energy Industries by 37.5% during the first quarter. Janney Montgomery Scott LLC now owns 3,497 shares of the electronics maker’s stock worth $357,000 after purchasing an additional 954 shares during the period. ProShare Advisors LLC increased its holdings in shares of Advanced Energy Industries by 7.4% during the first quarter. ProShare Advisors LLC now owns 7,579 shares of the electronics maker’s stock worth $773,000 after purchasing an additional 522 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of Advanced Energy Industries by 56.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 16,820 shares of the electronics maker’s stock worth $1,648,000 after purchasing an additional 6,073 shares during the period. Vanguard Group Inc. increased its stake in Advanced Energy Industries by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after acquiring an additional 73,028 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Advanced Energy Industries by 8.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 5,050 shares of the electronics maker’s stock valued at $515,000 after acquiring an additional 377 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. TD Cowen decreased their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective on the stock. Robert W. Baird decreased their price objective on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research note on Thursday, October 31st. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Advanced Energy Industries currently has an average rating of “Hold” and a consensus price target of $112.75.

Advanced Energy Industries Price Performance

Shares of NASDAQ:AEIS opened at $109.45 on Monday. The firm has a market cap of $4.12 billion, a PE ratio of 96.01, a price-to-earnings-growth ratio of 6.47 and a beta of 1.48. The firm’s fifty day moving average is $106.22 and its 200-day moving average is $106.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. Advanced Energy Industries, Inc. has a 52 week low of $89.11 and a 52 week high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. Advanced Energy Industries’s revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 earnings per share. Sell-side analysts predict that Advanced Energy Industries, Inc. will post 2.5 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared 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 is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 35.09%.

About Advanced Energy Industries

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.