Bamco Inc. NY decreased its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 23.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 299,141 shares of the electronics maker’s stock after selling 92,844 shares during the period. Bamco Inc. NY’s holdings in Advanced Energy Industries were worth $62,631,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new position in Advanced Energy Industries in the fourth quarter valued at approximately $25,000. Bayforest Capital Ltd purchased a new position in Advanced Energy Industries in the fourth quarter valued at approximately $29,000. Twin Tree Management LP purchased a new position in Advanced Energy Industries in the fourth quarter valued at approximately $32,000. Danske Bank A S purchased a new position in Advanced Energy Industries in the third quarter valued at approximately $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Advanced Energy Industries in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Stock Performance
Advanced Energy Industries stock opened at $353.32 on Thursday. The stock has a market cap of $13.44 billion, a P/E ratio of 74.38, a PEG ratio of 1.51 and a beta of 1.30. Advanced Energy Industries, Inc. has a fifty-two week low of $124.19 and a fifty-two week high of $397.44. The firm’s fifty day moving average price is $346.06 and its 200-day moving average price is $297.61.
Advanced Energy Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, May 25th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Advanced Energy Industries’s dividend payout ratio is presently 8.42%.
Insider Buying and Selling at Advanced Energy Industries
In other news, EVP Elizabeth Karpinski Vonne sold 966 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $369.40, for a total value of $356,840.40. Following the transaction, the executive vice president owned 11,616 shares of the company’s stock, valued at approximately $4,290,950.40. This represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on AEIS. Susquehanna boosted their price target on shares of Advanced Energy Industries from $375.00 to $430.00 and gave the company a “positive” rating in a research report on Tuesday, May 5th. Citigroup lifted their price objective on shares of Advanced Energy Industries from $385.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Robert W. Baird boosted their target price on shares of Advanced Energy Industries from $360.00 to $380.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Needham & Company LLC boosted their target price on shares of Advanced Energy Industries from $330.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned 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 an average price target of $361.82.
Get Our Latest Stock Report on AEIS
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.
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