Advanced Energy Industries, Inc. (NASDAQ:AEIS) Plans $0.10 Quarterly Dividend

Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced a quarterly dividend on Tuesday, February 11th,RTT News reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.10 per share by the electronics maker on Friday, March 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%.

Advanced Energy Industries has a payout ratio of 6.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Advanced Energy Industries to earn $3.78 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 10.6%.

Advanced Energy Industries Stock Up 1.0 %

Advanced Energy Industries stock opened at $112.83 on Tuesday. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average is $117.40 and its 200 day moving average is $110.39. The company has a market capitalization of $4.25 billion, a PE ratio of 98.97, a PEG ratio of 3.60 and a beta of 1.45. Advanced Energy Industries has a 12-month low of $89.11 and a 12-month high of $130.50.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the sale, the director now directly owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on AEIS shares. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $138.00 in a research report on Monday, January 6th. Robert W. Baird upped their price objective on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company boosted their target price on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Advanced Energy Industries has a consensus rating of “Moderate Buy” and an average price target of $126.89.

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.