Summit Investment Advisors Inc. Increases Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Summit Investment Advisors Inc. increased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,916 shares of the electronics maker’s stock after purchasing an additional 124 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Advanced Energy Industries were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AEIS. Nisa Investment Advisors LLC grew its position in Advanced Energy Industries by 1.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock worth $579,000 after acquiring an additional 85 shares during the last quarter. Integrated Investment Consultants LLC grew its holdings in shares of Advanced Energy Industries by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker’s stock worth $531,000 after purchasing an additional 100 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Advanced Energy Industries by 1.0% in the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock worth $1,132,000 after purchasing an additional 102 shares during the last quarter. Heritage Family Offices LLP increased its stake in shares of Advanced Energy Industries by 6.1% in the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker’s stock worth $233,000 after buying an additional 116 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Advanced Energy Industries by 61.6% during the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker’s stock valued at $41,000 after buying an additional 135 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now directly owns 3,492 shares in the company, valued at $451,760.04. The trade was a 31.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the completion of the transaction, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Advanced Energy Industries Price Performance

AEIS opened at $86.79 on Friday. Advanced Energy Industries, Inc. has a 1 year low of $75.01 and a 1 year high of $132.16. The stock has a 50-day moving average price of $104.06 and a 200-day moving average price of $110.80. The firm has a market cap of $3.29 billion, a PE ratio of 60.69, a P/E/G ratio of 1.39 and a beta of 1.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. Sell-side analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were issued a $0.10 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.40 annualized dividend and a yield of 0.46%. Advanced Energy Industries’s payout ratio is 27.97%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AEIS. Stifel Nicolaus upped their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Wells Fargo & Company dropped their price target on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Finally, Robert W. Baird reduced their price target on shares of Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.56.

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.