Fourier Capital Management Ltd bought a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,377 shares of the electronics maker’s stock, valued at approximately $9,462,000. Advanced Energy Industries comprises about 14.8% of Fourier Capital Management Ltd’s holdings, making the stock its 4th largest position. Fourier Capital Management Ltd owned 0.06% of Advanced Energy Industries at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC boosted its position in Advanced Energy Industries by 33.3% during the first quarter. Root Financial Partners LLC now owns 108 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 27 shares during the last quarter. Basecamp Wealth Advisors LLC raised its position in shares of Advanced Energy Industries by 16.2% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 222 shares of the electronics maker’s stock worth $72,000 after acquiring an additional 31 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Advanced Energy Industries by 4.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,191 shares of the electronics maker’s stock valued at $384,000 after purchasing an additional 51 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of Advanced Energy Industries by 40.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 194 shares of the electronics maker’s stock valued at $41,000 after purchasing an additional 56 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Advanced Energy Industries by 6.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 906 shares of the electronics maker’s stock valued at $190,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.
Advanced Energy Industries Stock Performance
Shares of AEIS opened at $285.83 on Friday. Advanced Energy Industries, Inc. has a one year low of $144.09 and a one year high of $397.44. The company has a market cap of $11.45 billion, a PE ratio of 53.33 and a beta of 1.29. The stock has a 50-day moving average of $320.67 and a 200-day moving average of $326.38. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.79 and a quick ratio of 2.94.
Advanced Energy Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, August 24th. Advanced Energy Industries’s dividend payout ratio is presently 7.46%.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Robert W. Baird raised their target price on Advanced Energy Industries from $360.00 to $380.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Citigroup boosted their price target on Advanced Energy Industries from $435.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. TD Cowen increased their price target on Advanced Energy Industries from $350.00 to $370.00 and gave the stock a “hold” rating in a report on Tuesday, August 4th. Seaport Research Partners raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 price objective for the company in a research report on Tuesday, August 4th. Finally, Susquehanna lifted their price objective on shares of Advanced Energy Industries from $430.00 to $535.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $409.50.
Read Our Latest Analysis on AEIS
Insiders Place Their Bets
In related news, COO Eduardo Bernal Acebedo sold 24,771 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total value of $7,814,755.08. Following the transaction, the chief operating officer directly owned 23,109 shares in the company, valued at $7,290,427.32. This trade represents a 51.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Elizabeth Karpinski Vonne sold 908 shares of Advanced Energy Industries stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $332.68, for a total transaction of $302,073.44. Following the completion of the sale, the executive vice president directly owned 10,712 shares of the company’s stock, valued at approximately $3,563,668.16. The trade was a 7.81% decrease in their position. The SEC filing for this sale provides additional information. 1.30% of the stock is owned by company insiders.
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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