Advanced Energy Industries, Inc. (NASDAQ:AEIS) Stock Position Raised by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lifted its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 18.0% in the 4th quarter, Holdings Channel reports. The fund owned 13,134 shares of the electronics maker’s stock after buying an additional 2,000 shares during the period. Transcend Capital Advisors LLC’s holdings in Advanced Energy Industries were worth $1,431,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Advanced Energy Industries by 0.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,751 shares of the electronics maker’s stock valued at $1,727,000 after acquiring an additional 122 shares in the last quarter. Advisor Partners II LLC lifted its position in shares of Advanced Energy Industries by 7.9% in the 3rd quarter. Advisor Partners II LLC now owns 2,012 shares of the electronics maker’s stock valued at $207,000 after acquiring an additional 148 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Advanced Energy Industries by 5.4% in the 3rd quarter. Inspire Investing LLC now owns 2,971 shares of the electronics maker’s stock valued at $306,000 after acquiring an additional 153 shares in the last quarter. Arizona State Retirement System lifted its position in Advanced Energy Industries by 1.6% in the 3rd quarter. Arizona State Retirement System now owns 10,687 shares of the electronics maker’s stock worth $1,102,000 after buying an additional 166 shares in the last quarter. Finally, Sheets Smith Wealth Management lifted its position in Advanced Energy Industries by 2.5% in the 3rd quarter. Sheets Smith Wealth Management now owns 7,115 shares of the electronics maker’s stock worth $734,000 after buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Stock Up 2.3 %

Shares of AEIS traded up $2.18 during mid-day trading on Friday, hitting $95.96. 148,173 shares of the company’s stock were exchanged, compared to its average volume of 159,664. The firm has a fifty day moving average of $98.15 and a two-hundred day moving average of $99.20. Advanced Energy Industries, Inc. has a twelve month low of $81.86 and a twelve month high of $126.38. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 3.36 and a beta of 1.55. The company has a quick ratio of 4.10, a current ratio of 5.10 and a debt-to-equity ratio of 0.78.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Tuesday, February 6th. The electronics maker reported $1.07 EPS for the quarter, topping the consensus estimate of $0.97 by $0.10. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. The company had revenue of $405.27 million for the quarter, compared to analyst estimates of $407.66 million. On average, sell-side analysts forecast that Advanced Energy Industries, Inc. will post 2.88 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 27th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. Advanced Energy Industries’s dividend payout ratio (DPR) is 11.76%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut 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 report on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Advanced Energy Industries presently has an average rating of “Hold” and a consensus price target of $115.14.

About Advanced Energy Industries

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.