Advanced Energy Industries, Inc. (NASDAQ:AEIS) Short Interest Up 14.4% in November

Advanced Energy Industries, Inc. (NASDAQ:AEIS) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,540,000 shares, a growth of 14.4% from the October 31st total of 2,220,000 shares. Based on an average daily trading volume, of 236,500 shares, the short-interest ratio is presently 10.7 days. Approximately 6.8% of the company’s stock are short sold.

Wall Street Analyst Weigh In

AEIS has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Robert W. Baird lowered their target price on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Susquehanna reduced their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $115.00.

Advanced Energy Industries Stock Up 0.4 %

Advanced Energy Industries stock opened at $115.04 on Monday. Advanced Energy Industries has a 12 month low of $89.11 and a 12 month high of $120.81. The stock has a fifty day simple moving average of $109.47 and a two-hundred day simple moving average of $107.31. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 100.91, a PEG ratio of 6.76 and a beta of 1.48.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. The company had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. Advanced Energy Industries’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. Equities analysts predict that Advanced Energy Industries will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. Advanced Energy Industries’s dividend payout ratio (DPR) is 35.09%.

Insiders Place Their Bets

In other news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Energy Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank lifted its holdings in shares of Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after buying an additional 208 shares during the period. Quantbot Technologies LP bought a new position in Advanced Energy Industries in the third quarter valued at about $41,000. Meeder Asset Management Inc. boosted its position in Advanced Energy Industries by 68.4% in the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 186 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Advanced Energy Industries by 157.6% during the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 383 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Advanced Energy Industries during the 2nd quarter valued at about $87,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

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.