Amanah Holdings Trust purchased a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 85,000 shares of the electronics maker’s stock, valued at approximately $17,796,000. Advanced Energy Industries makes up 2.6% of Amanah Holdings Trust’s holdings, making the stock its 14th biggest holding.
A number of other large investors have also added to or reduced their stakes in AEIS. Geode Capital Management LLC boosted its position in shares of Advanced Energy Industries by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 956,979 shares of the electronics maker’s stock valued at $200,393,000 after acquiring an additional 28,549 shares during the last quarter. Bank of America Corp DE raised its stake in Advanced Energy Industries by 2.2% during the second quarter. Bank of America Corp DE now owns 946,649 shares of the electronics maker’s stock valued at $125,431,000 after purchasing an additional 20,573 shares in the last quarter. GW&K Investment Management LLC raised its stake in Advanced Energy Industries by 51.5% during the third quarter. GW&K Investment Management LLC now owns 699,780 shares of the electronics maker’s stock valued at $119,062,000 after purchasing an additional 237,895 shares in the last quarter. Norges Bank bought a new position in Advanced Energy Industries during the fourth quarter valued at $123,403,000. Finally, Franklin Resources Inc. lifted its position in Advanced Energy Industries by 55.4% during the fourth quarter. Franklin Resources Inc. now owns 487,494 shares of the electronics maker’s stock valued at $102,067,000 after purchasing an additional 173,836 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Stock Performance
Shares of NASDAQ AEIS opened at $372.59 on Friday. The business’s 50 day moving average price is $346.73 and its 200-day moving average price is $298.75. Advanced Energy Industries, Inc. has a fifty-two week low of $126.10 and a fifty-two week high of $397.44. The company has a market cap of $14.17 billion, a price-to-earnings ratio of 78.44, a PEG ratio of 1.52 and a beta of 1.30.
Advanced Energy Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, May 25th were issued a $0.10 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Advanced Energy Industries’s dividend payout ratio is presently 8.42%.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Advanced Energy Industries from $360.00 to $380.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Wells Fargo & Company upped their target price on shares of Advanced Energy Industries from $340.00 to $345.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Wall Street Zen downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings lowered Advanced Energy Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Finally, TD Cowen boosted their price objective on Advanced Energy Industries from $300.00 to $350.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $361.82.
View Our Latest Research Report on AEIS
Insider Buying and Selling
In other Advanced Energy Industries news, EVP Elizabeth Karpinski Vonne sold 966 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $369.40, for a total value of $356,840.40. Following the transaction, the executive vice president directly owned 11,616 shares in the company, valued at $4,290,950.40. This represents a 7.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.
Advanced Energy Industries Profile
Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.
Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.
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