Fifth Third Bancorp Grows Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Fifth Third Bancorp boosted its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 71.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 559 shares of the electronics maker’s stock after buying an additional 233 shares during the period. Fifth Third Bancorp’s holdings in Advanced Energy Industries were worth $53,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in Advanced Energy Industries by 61.6% in the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker’s stock valued at $41,000 after buying an additional 135 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Advanced Energy Industries in the 4th quarter valued at $47,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Advanced Energy Industries in the 4th quarter valued at $51,000. Venturi Wealth Management LLC purchased a new position in shares of Advanced Energy Industries in the 4th quarter valued at $74,000. Finally, Principal Securities Inc. raised its position in Advanced Energy Industries by 16.1% in the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker’s stock valued at $114,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on AEIS. Citigroup raised their price objective on Advanced Energy Industries from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 target price (down from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Wall Street Zen upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Needham & Company LLC dropped their price objective on shares of Advanced Energy Industries from $145.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, Robert W. Baird lifted their price objective on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Advanced Energy Industries presently has a consensus rating of “Moderate Buy” and an average target price of $124.67.

Advanced Energy Industries Price Performance

AEIS stock opened at $128.63 on Friday. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46. Advanced Energy Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $132.16. The stock’s 50 day moving average is $111.56 and its two-hundred day moving average is $111.77. The company has a market capitalization of $4.84 billion, a PE ratio of 66.30, a P/E/G ratio of 1.18 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.26. The business had revenue of $404.60 million during the quarter, compared to analyst estimates of $392.36 million. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The business’s revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, May 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Friday, May 23rd. Advanced Energy Industries’s payout ratio is currently 20.62%.

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.