Fisher Asset Management LLC Sells 2,173 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Fisher Asset Management LLC decreased its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,459 shares of the electronics maker’s stock after selling 2,173 shares during the period. Fisher Asset Management LLC owned approximately 0.35% of Advanced Energy Industries worth $14,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Heritage Wealth Management LLC bought a new stake in Advanced Energy Industries during the 4th quarter valued at approximately $214,000. First Trust Direct Indexing L.P. boosted its position in shares of Advanced Energy Industries by 11.9% during the fourth quarter. First Trust Direct Indexing L.P. now owns 3,241 shares of the electronics maker’s stock valued at $353,000 after purchasing an additional 345 shares in the last quarter. Victory Capital Management Inc. grew its stake in Advanced Energy Industries by 6.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,167,892 shares of the electronics maker’s stock worth $127,207,000 after purchasing an additional 75,351 shares during the period. Transcend Capital Advisors LLC raised its holdings in Advanced Energy Industries by 18.0% in the fourth quarter. Transcend Capital Advisors LLC now owns 13,134 shares of the electronics maker’s stock worth $1,431,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Semanteon Capital Management LP purchased a new position in Advanced Energy Industries during the fourth quarter valued at $1,145,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday. Susquehanna decreased their target price on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday. Wells Fargo & Company dropped their price target on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Benchmark reaffirmed a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research report on Thursday. Finally, StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.86.

Advanced Energy Industries Price Performance

AEIS opened at $97.99 on Monday. The company’s 50-day simple moving average is $97.79 and its two-hundred day simple moving average is $99.14. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.61. The stock has a market capitalization of $3.67 billion, a P/E ratio of 36.03, a P/E/G ratio of 3.43 and a beta of 1.54. Advanced Energy Industries, Inc. has a 52-week low of $81.86 and a 52-week high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, May 1st. The electronics maker reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). The company had revenue of $327.50 million during the quarter, compared to the consensus estimate of $351.74 million. Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. During the same period last year, the firm posted $1.10 EPS. As a group, analysts predict that Advanced Energy Industries, Inc. will post 2.88 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th 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 is Thursday, May 23rd. Advanced Energy Industries’s dividend 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.