Insider Selling: Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Sells 1,000 Shares of Stock

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the sale, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Advanced Energy Industries Stock Up 2.4 %

Advanced Energy Industries stock opened at $115.19 on Friday. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 101.04, a P/E/G ratio of 6.60 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $120.81. The firm has a fifty day moving average price of $107.87 and a two-hundred day moving average price of $106.80.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 EPS. As a group, analysts forecast that Advanced Energy Industries, Inc. will post 2.5 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th 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 0.35%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is currently 35.09%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AEIS. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Benchmark restated a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday. Finally, Robert W. Baird decreased their price objective on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $113.75.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Huntington National Bank raised its position in shares of Advanced Energy Industries by 200.0% during the third quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after buying an additional 208 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Advanced Energy Industries during the third quarter valued at about $41,000. Meeder Asset Management Inc. raised its position in shares of Advanced Energy Industries by 68.4% during the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after buying an additional 186 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Advanced Energy Industries by 157.6% during the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after buying an additional 383 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Advanced Energy Industries during the second quarter valued at about $87,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Company 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.