Oppenheimer Asset Management Inc. Acquires 10,243 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Oppenheimer Asset Management Inc. grew its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 36.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 38,699 shares of the electronics maker’s stock after purchasing an additional 10,243 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.10% of Advanced Energy Industries worth $4,209,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in Advanced Energy Industries in the 1st quarter worth approximately $25,000. Parallel Advisors LLC raised its stake in shares of Advanced Energy Industries by 78.2% in the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 154 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Advanced Energy Industries by 157.6% during 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. Principal Securities Inc. bought a new position in shares of Advanced Energy Industries during the fourth quarter valued at $87,000. Finally, Hilltop National Bank boosted its position in shares of Advanced Energy Industries by 13.4% during the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after buying an additional 116 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AEIS shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Stifel Nicolaus began coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They set a “buy” rating and a $135.00 price objective for the company. Susquehanna raised their target price on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Wells Fargo & Company upped their price target on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Finally, Citigroup downgraded shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price objective on the stock. in a report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $113.25.

Advanced Energy Industries Price Performance

AEIS stock opened at $98.86 on Tuesday. The stock has a market cap of $3.70 billion, a PE ratio of 36.35, a P/E/G ratio of 4.88 and a beta of 1.50. Advanced Energy Industries, Inc. has a 12 month low of $81.86 and a 12 month high of $119.75. The company has a 50-day moving average price of $105.49 and a 200 day moving average price of $103.36. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The firm had revenue of $364.95 million for the quarter, compared to analysts’ expectations of $350.06 million. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was down 12.2% on a year-over-year basis. Equities research analysts anticipate that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were given a $0.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. Advanced Energy Industries’s payout ratio is presently 14.71%.

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.