Advanced Energy Industries, Inc. (NASDAQ:AEIS) Short Interest Down 5.6% in March

Advanced Energy Industries, Inc. (NASDAQ:AEIS) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 2,680,000 shares, a decrease of 5.6% from the March 15th total of 2,840,000 shares. Based on an average trading volume of 221,500 shares, the days-to-cover ratio is presently 12.1 days. Approximately 7.3% of the company’s stock are short sold.

Advanced Energy Industries Price Performance

AEIS opened at $92.43 on Thursday. The firm has a market cap of $3.45 billion, a P/E ratio of 27.19, a PEG ratio of 3.32 and a beta of 1.55. The firm has a 50-day moving average of $99.62 and a 200 day moving average of $99.56. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week 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, beating the consensus estimate of $0.97 by $0.10. The company had revenue of $405.27 million during the quarter, compared to analyst estimates of $407.66 million. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. On average, research analysts expect that Advanced Energy Industries will post 2.88 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were paid a $0.10 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. Advanced Energy Industries’s payout ratio is 11.76%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AEIS. TheStreet upgraded shares of Advanced Energy Industries from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Wells Fargo & Company reduced their target price on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $115.14.

Hedge Funds Weigh In On Advanced Energy Industries

Large investors have recently modified their holdings of the business. Peregrine Capital Management LLC purchased a new position in shares of Advanced Energy Industries in the fourth quarter worth about $7,856,000. Moody Aldrich Partners LLC increased its stake in shares of Advanced Energy Industries by 130.4% in the fourth quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock worth $3,571,000 after purchasing an additional 18,561 shares in the last quarter. III Capital Management purchased a new position in shares of Advanced Energy Industries in the third quarter worth about $897,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of Advanced Energy Industries by 4.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock worth $45,991,000 after purchasing an additional 17,290 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Advanced Energy Industries by 61.0% in the third quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker’s stock valued at $24,021,000 after acquiring an additional 88,267 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

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.