Smartleaf Asset Management LLC Boosts Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Smartleaf Asset Management LLC lifted its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 398.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,057 shares of the electronics maker’s stock after purchasing an additional 845 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Advanced Energy Industries were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of AEIS. Wealth Enhancement Advisory Services LLC raised its position in shares of Advanced Energy Industries by 5.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after purchasing an additional 130 shares during the last quarter. Principal Financial Group Inc. raised 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. State of New Jersey Common Pension Fund D raised its position in shares of Advanced Energy Industries by 1.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 18,090 shares of the electronics maker’s stock worth $1,904,000 after purchasing an additional 260 shares during the last quarter. MQS Management LLC purchased a new position in shares of Advanced Energy Industries in the 3rd quarter worth about $664,000. Finally, Huntington National Bank raised its position in shares of Advanced Energy Industries by 200.0% in the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Trading Up 3.5 %

Advanced Energy Industries stock opened at $109.67 on Friday. The business has a 50-day simple moving average of $118.15 and a two-hundred day simple moving average of $112.19. The company has a market cap of $4.14 billion, a P/E ratio of 76.69, a P/E/G 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. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47.

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

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 27.97%.

Insider Activity at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the transaction, the director now directly owns 3,492 shares of the company’s stock, valued at approximately $451,760.04. The trade was a 31.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the transaction, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AEIS shares. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $138.00 in a report on Monday, January 6th. Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Robert W. Baird reduced their price objective on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price objective on shares of Advanced Energy Industries in a report on Thursday, February 13th. Finally, Stifel Nicolaus lifted their price objective on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.