Massachusetts Financial Services Co. MA Acquires 13,967 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Massachusetts Financial Services Co. MA increased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 514,424 shares of the electronics maker’s stock after buying an additional 13,967 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.37% of Advanced Energy Industries worth $55,949,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AEIS. Jump Financial LLC bought a new stake in shares of Advanced Energy Industries during the 4th quarter worth $266,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Advanced Energy Industries by 11.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 4,007 shares of the electronics maker’s stock worth $436,000 after buying an additional 401 shares during the last quarter. Norges Bank bought a new stake in shares of Advanced Energy Industries during the 4th quarter worth $43,516,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Advanced Energy Industries during the 4th quarter worth $272,000. Finally, UBS Group AG raised its position in Advanced Energy Industries by 24.1% in the fourth quarter. UBS Group AG now owns 55,760 shares of the electronics maker’s stock valued at $6,073,000 after purchasing an additional 10,830 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on AEIS shares. StockNews.com downgraded Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Friday. Stifel Nicolaus started coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price for the company. Susquehanna increased their target price on Advanced Energy Industries from $90.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Benchmark reiterated a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company increased their target price on 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Advanced Energy Industries currently has a consensus rating of “Hold” and an average target price of $113.25.

Advanced Energy Industries Trading Up 4.0 %

Shares of AEIS stock opened at $101.76 on Friday. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 4.88 and a beta of 1.50. The stock has a 50-day moving average of $105.07 and a 200-day moving average of $103.29. 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, Inc. has a 1-year low of $81.86 and a 1-year high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, topping the consensus estimate 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 business had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. During the same quarter last year, the firm posted $0.95 earnings per share. The firm’s revenue was down 12.2% on a year-over-year basis. On average, equities research analysts forecast that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 26th. This represents a $0.40 annualized dividend and a yield of 0.39%. Advanced Energy Industries’s dividend payout ratio is currently 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.