Federated Hermes Inc. Grows Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Federated Hermes Inc. increased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 36,494 shares of the electronics maker’s stock after acquiring an additional 1,050 shares during the quarter. Federated Hermes Inc.’s holdings in Advanced Energy Industries were worth $3,969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AEIS. Norges Bank purchased a new stake in shares of Advanced Energy Industries during the 4th quarter worth approximately $43,516,000. Wells Fargo & Company MN lifted its position in Advanced Energy Industries by 63.7% in the fourth quarter. Wells Fargo & Company MN now owns 369,438 shares of the electronics maker’s stock valued at $40,239,000 after acquiring an additional 143,692 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Advanced Energy Industries by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock valued at $58,754,000 after acquiring an additional 102,659 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Advanced Energy Industries by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock worth $463,335,000 after purchasing an additional 73,028 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Advanced Energy Industries during the second quarter worth about $6,873,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TD Cowen upped their target price on Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Finally, Citigroup lowered 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 note on Monday, July 15th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $113.25.

Advanced Energy Industries Stock Down 1.2 %

Shares of NASDAQ:AEIS opened at $97.83 on Thursday. Advanced Energy Industries, Inc. has a fifty-two week low of $81.86 and a fifty-two week high of $119.75. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. The firm’s 50-day simple moving average is $105.33 and its 200-day simple moving average is $103.33. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 4.88 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The company had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Monday, August 26th. Advanced Energy Industries’s payout ratio is 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.