Arrowstreet Capital Limited Partnership grew its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 17.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 335,591 shares of the electronics maker’s stock after purchasing an additional 48,842 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Advanced Energy Industries were worth $108,299,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Keybank National Association OH acquired a new stake in shares of Advanced Energy Industries in the fourth quarter valued at approximately $644,000. Campbell Newman Asset Management Inc. bought a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $1,954,000. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $2,607,000. Wolverine Asset Management LLC acquired a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $1,107,000. Finally, Comerica Bank raised its stake in Advanced Energy Industries by 46.9% in the 4th quarter. Comerica Bank now owns 19,938 shares of the electronics maker’s stock valued at $4,174,000 after acquiring an additional 6,361 shares during the period. Institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Trading Down 3.5%
NASDAQ AEIS opened at $303.99 on Friday. The company has a market cap of $11.56 billion, a price-to-earnings ratio of 64.00, a PEG ratio of 1.27 and a beta of 1.25. The company has a 50 day moving average of $324.27 and a 200-day moving average of $317.81. Advanced Energy Industries, Inc. has a 1-year low of $128.40 and a 1-year high of $397.44.
Advanced Energy Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, May 25th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, May 22nd. Advanced Energy Industries’s dividend payout ratio is presently 8.42%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on AEIS. Bank of America raised their price target on Advanced Energy Industries from $430.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Needham & Company LLC upped their price objective on shares of Advanced Energy Industries from $330.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Advanced Energy Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Cantor Fitzgerald raised their target price on shares of Advanced Energy Industries from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Finally, TD Cowen raised their target price on shares of Advanced Energy Industries from $300.00 to $350.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $404.25.
View Our Latest Research Report on AEIS
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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