Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Sells $16,055.04 in Stock

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Anne Delsanto sold 148 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $108.48, for a total value of $16,055.04. Following the sale, the director now directly owns 7,017 shares in the company, valued at approximately $761,204.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Anne Delsanto also recently made the following trade(s):

• On Monday, June 3rd, Anne Delsanto sold 148 shares of Advanced Energy Industries stock. The stock was sold at an average price of $108.48, for a total value of $16,055.04.
• On Wednesday, May 1st, Anne Delsanto sold 148 shares of Advanced Energy Industries stock. The stock was sold at an average price of $94.99, for a total value of $14,058.52.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS opened at $106.64 on Wednesday. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 39.21, a PEG ratio of 5.32 and a beta of 1.52. The business has a 50-day moving average of $104.94 and a 200-day moving average of $102.97. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.40. Advanced Energy Industries, Inc. has a fifty-two week low of $81.86 and a fifty-two week high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The company had revenue of $327.50 million during the quarter, compared to the consensus estimate of $351.74 million. During the same quarter in the previous year, the business earned $1.10 EPS. Advanced Energy Industries’s revenue was down 22.9% on a year-over-year basis. As a group, sell-side analysts predict that Advanced Energy Industries, Inc. will post 2.33 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 27th were paid a $0.10 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $0.40 annualized dividend and a yield of 0.38%. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 14.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a report on Tuesday, June 25th. Benchmark reiterated a “buy” rating and set a $117.00 target price on shares of Advanced Energy Industries in a report on Thursday, May 2nd. Susquehanna lowered their target price on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Finally, Citigroup increased their target price on Advanced Energy Industries from $107.00 to $113.00 and gave the stock a “buy” rating in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Advanced Energy Industries presently has a consensus rating of “Hold” and a consensus price target of $108.86.

Institutional Investors Weigh In On Advanced Energy Industries

Several hedge funds have recently bought and sold shares of the company. Channing Capital Management LLC acquired a new stake in Advanced Energy Industries during the fourth quarter worth approximately $68,701,000. Norges Bank acquired a new stake in Advanced Energy Industries during the fourth quarter worth approximately $43,516,000. The Manufacturers Life Insurance Company lifted its position in Advanced Energy Industries by 1,005.2% during the third quarter. The Manufacturers Life Insurance Company now owns 346,271 shares of the electronics maker’s stock worth $35,707,000 after acquiring an additional 314,941 shares during the last quarter. New York State Common Retirement Fund lifted its position in Advanced Energy Industries by 65.0% during the fourth quarter. New York State Common Retirement Fund now owns 372,623 shares of the electronics maker’s stock worth $40,586,000 after acquiring an additional 146,832 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Advanced Energy Industries by 63.7% during the fourth quarter. Wells Fargo & Company MN now owns 369,438 shares of the electronics maker’s stock worth $40,239,000 after acquiring an additional 143,692 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.