The Manufacturers Life Insurance Company Has $66.91 Million Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

The Manufacturers Life Insurance Company lessened its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 635,772 shares of the electronics maker’s stock after selling 11,910 shares during the quarter. The Manufacturers Life Insurance Company owned about 1.69% of Advanced Energy Industries worth $66,909,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AEIS. Earnest Partners LLC raised its holdings in Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after purchasing an additional 199,578 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Advanced Energy Industries in the third quarter valued at approximately $12,306,000. Bank of New York Mellon Corp raised its position in shares of Advanced Energy Industries by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock valued at $58,754,000 after acquiring an additional 102,659 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Advanced Energy Industries in the 2nd quarter valued at $6,873,000. Finally, Principal Financial Group Inc. boosted its position in shares of 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 worth $50,920,000 after purchasing an additional 53,566 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Susquehanna cut their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. TD Cowen lowered their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company cut their target price on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Finally, Robert W. Baird decreased their price target 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 research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $113.75.

Insider Buying and Selling at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Advanced Energy Industries Trading Down 2.3 %

NASDAQ:AEIS opened at $114.57 on Thursday. The company has a market cap of $4.32 billion, a P/E ratio of 100.50, a price-to-earnings-growth ratio of 6.89 and a beta of 1.48. Advanced Energy Industries, Inc. has a twelve month low of $89.11 and a twelve month high of $120.81. The business has a 50 day moving average price of $108.61 and a two-hundred day moving average price of $107.09. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48.

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, beating analysts’ consensus estimates of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. During the same quarter last year, the firm earned $1.12 earnings per share. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, analysts expect that Advanced Energy Industries, Inc. will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 annualized dividend and a yield of 0.35%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 35.09%.

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.