Lanesha Minnix Sells 1,600 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) Stock

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix sold 1,600 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the sale, the director now owns 3,492 shares in the company, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Advanced Energy Industries Stock Down 2.9 %

NASDAQ AEIS opened at $126.54 on Friday. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 88.49, a PEG ratio of 1.45 and a beta of 1.45. The company has a 50 day moving average of $118.47 and a 200-day moving average of $111.34. Advanced Energy Industries, Inc. has a 1-year low of $89.11 and a 1-year high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. On average, equities research analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Monday, February 24th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 27.97%.

Institutional Investors Weigh In On Advanced Energy Industries

Large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in shares of Advanced Energy Industries by 1.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock valued at $579,000 after buying an additional 85 shares in the last quarter. Integrated Investment Consultants LLC raised its position in Advanced Energy Industries by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker’s stock valued at $531,000 after purchasing an additional 100 shares in the last quarter. Stifel Financial Corp lifted its stake in Advanced Energy Industries by 1.0% during the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock worth $1,132,000 after purchasing an additional 102 shares during the last quarter. Heritage Family Offices LLP lifted its stake in Advanced Energy Industries by 6.1% during the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker’s stock worth $233,000 after purchasing an additional 116 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in shares of Advanced Energy Industries by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,916 shares of the electronics maker’s stock valued at $453,000 after purchasing an additional 124 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. TD Cowen lowered their price target on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Robert W. Baird decreased their target price on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, Wells Fargo & Company reduced their price target on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Energy Industries currently has an average rating of “Moderate Buy” and a consensus target price of $126.56.

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.