Advanced Energy Industries, Inc. (NASDAQ:AEIS) Short Interest Update

Advanced Energy Industries, Inc. (NASDAQ:AEIS) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 2,680,000 shares, a drop of 5.6% from the March 15th total of 2,840,000 shares. Currently, 7.3% of the company’s stock are sold short. Based on an average daily volume of 221,500 shares, the days-to-cover ratio is currently 12.1 days.

Advanced Energy Industries Stock Up 0.1 %

Shares of NASDAQ AEIS opened at $94.95 on Wednesday. The firm’s 50-day simple moving average is $99.78 and its 200 day simple moving average is $99.61. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 3.38 and a beta of 1.56. The company has a quick ratio of 4.10, a current ratio of 5.10 and a debt-to-equity ratio of 0.78. Advanced Energy Industries has a 12-month low of $81.86 and a 12-month high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.10. The business had revenue of $405.27 million for the quarter, compared to the consensus estimate of $407.66 million. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. On average, research analysts expect that Advanced Energy Industries will post 2.88 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, March 1st. Shareholders of record on Monday, February 19th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. Advanced Energy Industries’s payout ratio is presently 11.76%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Peregrine Capital Management LLC acquired a new position in Advanced Energy Industries during the 4th quarter valued at about $7,856,000. Moody Aldrich Partners LLC lifted its position in Advanced Energy Industries by 130.4% during the 4th quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock valued at $3,571,000 after purchasing an additional 18,561 shares during the period. III Capital Management bought a new stake in shares of Advanced Energy Industries in the 3rd quarter valued at about $897,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of Advanced Energy Industries by 4.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock valued at $45,991,000 after acquiring an additional 17,290 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Advanced Energy Industries by 61.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker’s stock valued at $24,021,000 after acquiring an additional 88,267 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AEIS. TheStreet upgraded shares of Advanced Energy Industries from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Wells Fargo & Company decreased their price objective on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $115.14.

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.