Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) Director Anne Delsanto sold 148 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $104.64, for a total transaction of $15,486.72. Following the transaction, the director now owns 6,721 shares of the company's stock, valued at $703,285.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Anne Delsanto also recently made the following trade(s):
- On Monday, July 1st, Anne Delsanto sold 148 shares of Advanced Energy Industries stock. The shares were sold at an average price of $108.48, for a total transaction of $16,055.04.
Advanced Energy Industries Stock Down 1.1 %
Shares of NASDAQ:AEIS opened at $97.74 on Thursday. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 5.37 and a beta of 1.52. Advanced Energy Industries, Inc. has a 1-year low of $81.86 and a 1-year high of $119.75. The company's fifty day moving average is $107.31 and its two-hundred day moving average is $103.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47.
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Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly 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. The business had revenue of $364.95 million during the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The company's quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Equities analysts anticipate that Advanced Energy Industries, Inc. will post 2.47 EPS for the current year.
Advanced Energy Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 26th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Monday, August 26th. Advanced Energy Industries's payout ratio is 14.71%.
Institutional Trading of Advanced Energy Industries
A number of hedge funds have recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of Advanced Energy Industries in the first quarter worth approximately $25,000. Parallel Advisors LLC increased its holdings in 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 buying an additional 154 shares during the last quarter. GAMMA Investing LLC increased its holdings in Advanced Energy Industries by 157.6% in the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker's stock worth $68,000 after buying an additional 383 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Advanced Energy Industries in the second quarter worth approximately $87,000. Finally, Principal Securities Inc. acquired a new position in Advanced Energy Industries in the fourth quarter worth approximately $87,000. 99.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. StockNews.com cut shares of Advanced Energy Industries from a "hold" rating to a "sell" rating in a research note on Wednesday. Benchmark reiterated a "buy" rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Susquehanna increased their price target on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company increased their target price on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the company an "equal weight" rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $113.25.
Read Our Latest Report on AEIS
About Advanced Energy Industries
(
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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.
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