Semanteon Capital Management LP Takes Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Semanteon Capital Management LP acquired a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,879 shares of the electronics maker’s stock, valued at approximately $724,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEIS. Wealth Enhancement Advisory Services LLC lifted its holdings in 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 valued at $263,000 after purchasing an additional 130 shares in the last quarter. Signaturefd LLC raised its position in shares of Advanced Energy Industries by 28.0% in the third quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker’s stock valued at $106,000 after buying an additional 220 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Advanced Energy Industries by 2.4% during the third quarter. Raymond James & Associates now owns 24,763 shares of the electronics maker’s stock valued at $2,606,000 after buying an additional 583 shares during the period. Blue Trust Inc. boosted its position in Advanced Energy Industries by 2,150.0% during the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock worth $88,000 after acquiring an additional 774 shares during the last quarter. Finally, Compass Wealth Management LLC grew its stake in Advanced Energy Industries by 2.6% in the 3rd quarter. Compass Wealth Management LLC now owns 68,593 shares of the electronics maker’s stock worth $7,219,000 after acquiring an additional 1,730 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Trading Up 1.2 %

Shares of AEIS opened at $108.37 on Tuesday. Advanced Energy Industries, Inc. has a 12 month low of $81.86 and a 12 month high of $119.75. The stock’s 50-day moving average is $103.98 and its two-hundred day moving average is $104.59. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. The stock has a market cap of $4.06 billion, a PE ratio of 39.84, a P/E/G ratio of 5.41 and a beta of 1.49.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The firm had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. During the same quarter in the prior year, the business earned $0.95 EPS. Advanced Energy Industries’s quarterly revenue was down 12.2% compared to the same quarter last year. Equities analysts forecast that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Advanced Energy Industries’s dividend payout ratio is currently 14.71%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on 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. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They set a “buy” rating and a $135.00 price objective for the company. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Citigroup downgraded shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a report on Monday, July 15th. Finally, Robert W. Baird initiated coverage on shares of Advanced Energy Industries in a report on Friday, September 20th. They issued an “outperform” rating and a $128.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Advanced Energy Industries has an average rating of “Hold” and a consensus target price of $113.11.

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.