First National Bank of Omaha Reduces Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

First National Bank of Omaha trimmed its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,515 shares of the electronics maker’s stock after selling 191 shares during the period. First National Bank of Omaha’s holdings in Advanced Energy Industries were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dean Investment Associates LLC grew its position 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 purchasing an additional 19,791 shares in the last quarter. Weiss Asset Management LP bought a new position in Advanced Energy Industries in the 3rd quarter worth about $462,000. Sora Investors LLC purchased a new position in Advanced Energy Industries during the 3rd quarter valued at about $4,736,000. Southernsun Asset Management LLC bought a new stake in shares of Advanced Energy Industries during the third quarter valued at about $3,575,000. Finally, Stifel Financial Corp lifted its holdings in shares of Advanced Energy Industries by 1.0% in the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock worth $1,132,000 after buying an additional 102 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

AEIS has been the subject of several recent analyst reports. Robert W. Baird reduced their price objective on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Susquehanna dropped their price objective 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. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Finally, Stifel Nicolaus started coverage on Advanced Energy Industries in a report on Thursday, August 15th. They set a “buy” rating and a $135.00 price objective for the company. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and an average target price of $116.00.

Insider Buying and Selling

In other news, Director Lanesha Minnix sold 1,000 shares of the firm’s 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 of the company’s stock, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Advanced Energy Industries Price Performance

AEIS opened at $118.39 on Tuesday. The stock has a market capitalization of $4.46 billion, a P/E ratio of 103.85, a PEG ratio of 6.90 and a beta of 1.47. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. Advanced Energy Industries, Inc. has a 12-month low of $89.11 and a 12-month high of $120.81. The stock has a 50-day moving average price of $111.27 and a 200-day moving average price of $107.74.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07. The business had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. Advanced Energy Industries’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 earnings per share. Equities analysts predict that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Monday, November 25th. Advanced Energy Industries’s payout ratio is presently 35.09%.

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.