Peak6 LLC Invests $476,000 in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Peak6 LLC purchased a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 4,116 shares of the electronics maker’s stock, valued at approximately $476,000.

Several other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp lifted its stake in Advanced Energy Industries by 1.0% in the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock valued at $1,132,000 after buying an additional 102 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of Advanced Energy Industries by 19.9% in the third quarter. Synovus Financial Corp now owns 6,669 shares of the electronics maker’s stock valued at $702,000 after purchasing an additional 1,107 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in Advanced Energy Industries by 6.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 403,679 shares of the electronics maker’s stock valued at $42,483,000 after acquiring an additional 23,395 shares in the last quarter. Principal Financial Group Inc. boosted its position in Advanced Energy Industries by 12.4% during the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after acquiring an additional 53,566 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 182 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEIS has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company cut their price target on shares of 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. Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Finally, Robert W. Baird lowered their price target on 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.56.

Insider Activity at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,600 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the transaction, the director now directly owns 3,492 shares in the company, valued at approximately $451,760.04. This represents a 31.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the transaction, the chief operating officer now owns 19,822 shares of the company’s stock, valued at $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Advanced Energy Industries Trading Up 1.4 %

AEIS stock opened at $86.79 on Monday. The company’s 50-day simple moving average is $104.06 and its 200 day simple moving average is $110.86. Advanced Energy Industries, Inc. has a 52 week low of $75.01 and a 52 week high of $132.16. The company has a market capitalization of $3.29 billion, a PE ratio of 60.69, a price-to-earnings-growth ratio of 1.39 and a beta of 1.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. As a group, sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 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, March 7th. Investors of record on Monday, February 24th were given a dividend of $0.10 per share. The ex-dividend date was Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. Advanced Energy Industries’s dividend payout ratio is 27.97%.

Advanced Energy Industries Company Profile

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.