Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Free Report) declared a quarterly dividend on Monday, May 4th. Stockholders of record on Monday, May 25th will be paid a dividend of 0.10 per share by the electronics maker on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, May 22nd.
Advanced Energy Industries has a dividend payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Advanced Energy Industries to earn $9.06 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 4.4%.
Advanced Energy Industries Stock Down 2.0%
Shares of AEIS stock opened at $302.84 on Wednesday. The stock has a market cap of $11.52 billion, a PE ratio of 63.76, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The business has a 50-day simple moving average of $344.40 and a 200-day simple moving average of $280.17. Advanced Energy Industries has a 52-week low of $112.25 and a 52-week high of $397.44.
Insider Buying and Selling
In related news, EVP Elizabeth Karpinski Vonne sold 966 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $369.40, for a total value of $356,840.40. Following the completion of the sale, the executive vice president owned 11,616 shares of the company’s stock, valued at approximately $4,290,950.40. This trade represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen Douglas Kelley sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $316.62, for a total value of $15,831,000.00. Following the completion of the sale, the chief executive officer directly owned 80,376 shares of the company’s stock, valued at approximately $25,448,649.12. This represents a 38.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 57,478 shares of company stock worth $18,250,393 in the last three months. Company insiders own 1.30% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. purchased a new position in Advanced Energy Industries in the fourth quarter worth approximately $25,000. Bayforest Capital Ltd purchased a new position in Advanced Energy Industries in the fourth quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Advanced Energy Industries during the first quarter worth $29,000. Twin Tree Management LP purchased a new position in shares of Advanced Energy Industries during the fourth quarter worth $32,000. Finally, Danske Bank A S purchased a new position in shares of Advanced Energy Industries during the third quarter worth $34,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.
About Advanced Energy Industries
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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