Insider Selling: Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Sells $111,720.00 in Stock

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix sold 1,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now directly owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Advanced Energy Industries Price Performance

Shares of NASDAQ:AEIS opened at $115.19 on Friday. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $120.81. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 101.04, a PEG ratio of 6.60 and a beta of 1.48. The stock’s 50 day moving average price is $107.87 and its 200 day moving average price is $106.80. 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 (NASDAQ:AEIS) last announced its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The firm had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. During the same quarter in the previous year, the company earned $1.12 earnings per share. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. Equities research analysts anticipate that Advanced Energy Industries, Inc. will post 2.5 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of Advanced Energy Industries by 1.7% in the third quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock valued at $93,094,000 after buying an additional 15,030 shares in the last quarter. Dean Investment Associates LLC increased its holdings in shares of Advanced Energy Industries by 123.5% in the third quarter. Dean Investment Associates LLC now owns 35,817 shares of the electronics maker’s stock valued at $3,769,000 after buying an additional 19,791 shares in the last quarter. Weiss Asset Management LP bought a new position in shares of Advanced Energy Industries in the third quarter valued at $462,000. Sora Investors LLC bought a new position in shares of Advanced Energy Industries in the third quarter valued at $4,736,000. Finally, Southernsun Asset Management LLC bought a new position in shares of Advanced Energy Industries in the third quarter valued at $3,575,000. Institutional investors own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

AEIS has been the topic of several research analyst reports. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Benchmark restated a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a research note on Wednesday. Susquehanna decreased their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday. Finally, TD Cowen decreased their target price on 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. Eight analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $113.75.

About Advanced Energy Industries

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.