Thrivent Financial for Lutherans Reduces Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Thrivent Financial for Lutherans decreased its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 4.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,584 shares of the electronics maker’s stock after selling 1,499 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Advanced Energy Industries worth $3,113,000 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 business. Huntington National Bank boosted its stake in Advanced Energy Industries by 200.0% during the third quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after buying an additional 208 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 383 shares during the period. Canada Pension Plan Investment Board bought a new stake in Advanced Energy Industries during the 2nd quarter valued at $87,000. Blue Trust Inc. boosted its position in Advanced Energy Industries by 2,150.0% during 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. Finally, Signaturefd LLC grew its position in shares of Advanced Energy Industries by 28.0% in the 3rd quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker’s stock worth $106,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Activity

In related news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the sale, the director now directly owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

Advanced Energy Industries Trading Up 2.0 %

Shares of AEIS opened at $117.35 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $120.81. The stock’s 50-day moving average is $108.24 and its two-hundred day moving average is $106.99. The stock has a market cap of $4.42 billion, a PE ratio of 102.94, a P/E/G ratio of 6.77 and a beta of 1.48.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. The business 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 earnings per share. Equities analysts forecast that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a $0.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. Advanced Energy Industries’s dividend payout ratio is presently 35.09%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a research report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target for the company. TD Cowen cut their price objective on 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. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Robert W. Baird dropped their price objective on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Energy Industries currently has a consensus rating of “Hold” and an average target price of $113.75.

Advanced Energy Industries 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.