Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 65.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,623 shares of the electronics maker’s stock after acquiring an additional 146,832 shares during the period. New York State Common Retirement Fund owned 1.00% of Advanced Energy Industries worth $40,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Exchange Traded Concepts LLC purchased a new stake in shares of Advanced Energy Industries in the third quarter valued at about $48,000. Signaturefd LLC raised its holdings in shares of Advanced Energy Industries by 52.3% in the fourth quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock valued at $66,000 after buying an additional 209 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Advanced Energy Industries in the third quarter valued at about $85,000. Group One Trading L.P. raised its holdings in shares of Advanced Energy Industries by 26.0% in the third quarter. Group One Trading L.P. now owns 1,106 shares of the electronics maker’s stock valued at $114,000 after buying an additional 228 shares during the last quarter. Finally, Advisor Partners II LLC raised its holdings in shares of Advanced Energy Industries by 7.9% in the third quarter. Advisor Partners II LLC now owns 2,012 shares of the electronics maker’s stock valued at $207,000 after buying an additional 148 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Trading Down 0.3 %

NASDAQ AEIS opened at $92.84 on Thursday. The company has a quick ratio of 4.10, a current ratio of 5.10 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $98.50 and a 200 day moving average price of $99.29. Advanced Energy Industries, Inc. has a 52-week low of $81.86 and a 52-week high of $126.38. The stock has a market capitalization of $3.47 billion, a P/E ratio of 27.31, a P/E/G ratio of 3.19 and a beta of 1.55.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.10. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. The company had revenue of $405.27 million for the quarter, compared to analyst estimates of $407.66 million. Equities research analysts expect that Advanced Energy Industries, Inc. will post 2.88 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.40 annualized dividend and a yield of 0.43%. Advanced Energy Industries’s payout ratio is currently 11.76%.

Analyst Ratings Changes

Separately, Wells Fargo & Company reduced their target price on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $115.14.

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.