Fisher Asset Management LLC Increases Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Fisher Asset Management LLC increased its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 23.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,688 shares of the electronics maker’s stock after purchasing an additional 29,969 shares during the quarter. Fisher Asset Management LLC owned 0.41% of Advanced Energy Industries worth $18,002,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AEIS. Versant Capital Management Inc boosted its stake in shares of Advanced Energy Industries by 535.3% in the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 182 shares during the period. Huntington National Bank boosted its stake in shares of Advanced Energy Industries by 200.0% in the third quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 208 shares during the period. Quantbot Technologies LP purchased a new position in shares of Advanced Energy Industries in the third quarter valued at $41,000. Meeder Asset Management Inc. boosted its stake in shares of Advanced Energy Industries by 68.4% in the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 186 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in shares of Advanced Energy Industries in the fourth quarter valued at $74,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wells Fargo & Company reduced their price objective on shares of Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus increased their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Robert W. Baird reduced their price objective on shares of Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Monday, December 16th. Finally, Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.56.

Advanced Energy Industries Stock Down 6.7 %

Shares of NASDAQ:AEIS opened at $107.43 on Tuesday. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 75.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.45. Advanced Energy Industries, Inc. has a 1-year low of $89.11 and a 1-year high of $132.16. The company’s fifty day moving average is $118.67 and its two-hundred day moving average is $112.26. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. Equities analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be issued a $0.10 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 27.97%.

Insider Buying and Selling

In related news, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the transaction, the director now owns 3,492 shares in the company, valued at $451,760.04. This represents a 31.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

About Advanced Energy Industries

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.