Advanced Energy Industries, Inc. (NASDAQ:AEIS) Position Lessened by Meeder Asset Management Inc.

Meeder Asset Management Inc. reduced its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 23.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 350 shares of the electronics maker’s stock after selling 108 shares during the quarter. Meeder Asset Management Inc.’s holdings in Advanced Energy Industries were worth $40,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AEIS. Norges Bank acquired a new stake in Advanced Energy Industries in the 4th quarter valued at approximately $68,949,000. Raymond James Financial Inc. acquired a new position in shares of Advanced Energy Industries during the fourth quarter valued at $9,864,000. Vanguard Group Inc. raised its stake in shares of Advanced Energy Industries by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker’s stock valued at $568,168,000 after purchasing an additional 69,908 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in Advanced Energy Industries in the fourth quarter worth about $8,002,000. Finally, Principal Financial Group Inc. grew its position in Advanced Energy Industries by 12.4% in the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock valued at $50,920,000 after buying an additional 53,566 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,600 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the sale, the director now owns 3,492 shares of the company’s stock, valued at $451,760.04. The trade was a 31.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the sale, the chief operating officer now directly owns 19,822 shares in the company, valued at $2,212,333.42. This trade represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock opened at $95.16 on Wednesday. The firm has a fifty day moving average of $112.63 and a two-hundred day moving average of $112.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 66.55, a PEG ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a 52 week low of $89.12 and a 52 week high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. As a group, equities research analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Monday, February 24th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 27.97%.

Analyst Ratings Changes

Several brokerages have commented on AEIS. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price target on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $110.00 to $138.00 in a report on Monday, January 6th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a report on Monday, December 16th. Stifel Nicolaus boosted their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company reduced their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.56.

Advanced Energy Industries Profile

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.