State of New Jersey Common Pension Fund D Has $1.90 Million Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

State of New Jersey Common Pension Fund D boosted its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,090 shares of the electronics maker’s stock after buying an additional 260 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Advanced Energy Industries were worth $1,904,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Advanced Energy Industries by 157.6% in the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 383 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Advanced Energy Industries in the second quarter valued at $87,000. Blue Trust Inc. increased its stake in Advanced Energy Industries by 2,150.0% in the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock valued at $88,000 after purchasing an additional 774 shares in the last quarter. Hilltop National Bank increased its stake in Advanced Energy Industries by 13.4% in the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after purchasing an additional 116 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in Advanced Energy Industries in the second quarter valued at $109,000. 99.67% of the stock is owned by institutional investors.

Advanced Energy Industries Trading Down 2.4 %

Shares of AEIS stock opened at $109.45 on Monday. Advanced Energy Industries, Inc. has a 52-week low of $89.11 and a 52-week high of $120.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The company has a 50-day simple moving average of $106.22 and a two-hundred day simple moving average of $106.43. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 96.01, a PEG ratio of 6.47 and a beta of 1.48.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 earnings per share. Research analysts anticipate that Advanced Energy Industries, Inc. will post 2.5 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s payout ratio is 35.09%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Robert W. Baird decreased their target price on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. TD Cowen decreased their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, Susquehanna decreased their target price on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Advanced Energy Industries has a consensus rating of “Hold” and an average target price of $112.75.

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.