Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Free Report) declared a quarterly dividend on Thursday, August 6th. Investors of record on Monday, August 24th will be paid a dividend of 0.10 per share by the electronics maker on Friday, September 4th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, August 24th.
Advanced Energy Industries has a payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Energy Industries to earn $11.85 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 3.4%.
Advanced Energy Industries Stock Up 0.3%
Shares of NASDAQ AEIS opened at $325.02 on Friday. The company’s 50 day moving average price is $320.49 and its 200-day moving average price is $322.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 3.79. Advanced Energy Industries has a 52-week low of $143.38 and a 52-week high of $397.44. The company has a market capitalization of $13.02 billion, a P/E ratio of 60.64, a price-to-earnings-growth ratio of 1.17 and a beta of 1.29.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of Advanced Energy Industries by 16.5% during the 1st quarter. Royal Bank of Canada now owns 11,155 shares of the electronics maker’s stock valued at $1,063,000 after buying an additional 1,578 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Advanced Energy Industries by 47.7% in the 1st quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker’s stock valued at $51,000 after acquiring an additional 174 shares during the period. AQR Capital Management LLC purchased a new stake in Advanced Energy Industries during the first quarter valued at about $468,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Advanced Energy Industries by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,278 shares of the electronics maker’s stock worth $2,123,000 after purchasing an additional 970 shares during the period. Finally, United Services Automobile Association bought a new position in Advanced Energy Industries during the first quarter worth about $228,000. Institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Company 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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