Advanced Energy Industries, Inc. (AEIS) to Issue Quarterly Dividend of $0.10 on March 7th

Advanced Energy Industries, Inc. (NASDAQ:AEIS) declared a quarterly dividend on Wednesday, February 5th, RTT News reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.10 per share by the electronics maker on Friday, March 7th. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date is Monday, February 24th.

Advanced Energy Industries has a payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Advanced Energy Industries to earn $5.07 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 7.9%.

Advanced Energy Industries Stock Performance

Shares of AEIS stock opened at $126.54 on Friday. The stock has a market cap of $4.77 billion, a PE ratio of 88.49, a price-to-earnings-growth ratio of 1.45 and a beta of 1.45. The stock has a 50-day moving average of $118.47 and a 200-day moving average of $111.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. Advanced Energy Industries has a one year low of $89.11 and a one year high of $132.16.

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

Analysts Set New Price Targets

AEIS has been the topic of several research analyst reports. TD Cowen dropped their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Benchmark restated a “buy” rating and issued a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Monday, December 16th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price objective on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Finally, Robert W. Baird dropped their target price on shares of Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Four investment 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $126.56.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the sale, the director now directly owns 3,492 shares of the company’s stock, valued at $451,760.04. The trade was a 31.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.00% 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.