Dana Investment Advisors Inc. Has $7.73 Million Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Dana Investment Advisors Inc. trimmed its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,050 shares of the electronics maker’s stock after selling 939 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.19% of Advanced Energy Industries worth $7,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Rise Advisors LLC bought a new stake in shares of Advanced Energy Industries during the 1st quarter valued at about $25,000. Parallel Advisors LLC boosted its holdings in Advanced Energy Industries by 78.2% during 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 increased its position 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 acquiring an additional 383 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Advanced Energy Industries during the 2nd quarter worth $87,000. Finally, Hilltop National Bank increased its holdings in Advanced Energy Industries by 13.4% in the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after acquiring an additional 116 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Stock Up 0.5 %

Shares of NASDAQ AEIS opened at $105.24 on Tuesday. The firm has a fifty day simple moving average of $103.24 and a two-hundred day simple moving average of $103.38. Advanced Energy Industries, Inc. has a 12 month low of $81.86 and a 12 month high of $119.75. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3.94 billion, a PE ratio of 38.69, a price-to-earnings-growth ratio of 5.12 and a beta of 1.50.

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

Advanced Energy Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Advanced Energy Industries’s dividend payout ratio is presently 14.71%.

Analyst Ratings Changes

A number of brokerages have weighed in on AEIS. Wells Fargo & Company increased their target price on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Robert W. Baird assumed coverage on shares of Advanced Energy Industries in a report on Friday, September 20th. They issued an “outperform” rating and a $128.00 price target for the company. Susquehanna upped their target price on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Citigroup cut 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 research report on Monday, July 15th. Finally, Stifel Nicolaus began coverage on shares of 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $114.89.

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.