Peterson Wealth Services Increases Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Peterson Wealth Services lifted its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 229.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,248 shares of the electronics maker’s stock after buying an additional 4,350 shares during the period. Peterson Wealth Services’ holdings in Advanced Energy Industries were worth $637,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rise Advisors LLC purchased a new position in shares of Advanced Energy Industries during the 1st quarter valued at about $25,000. Parallel Advisors LLC increased its stake in Advanced Energy Industries by 78.2% in the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 154 shares during the period. Signaturefd LLC increased its stake in Advanced Energy Industries by 52.3% in the 4th quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock worth $66,000 after purchasing an additional 209 shares during the period. Principal Securities Inc. purchased a new position in Advanced Energy Industries in the 4th quarter worth approximately $87,000. Finally, TFO Wealth Partners LLC increased its stake in Advanced Energy Industries by 32,940.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,652 shares of the electronics maker’s stock worth $1,800,000 after purchasing an additional 1,647 shares during the period. 99.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on AEIS. Susquehanna decreased their price target on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Benchmark restated a “buy” rating and set a $117.00 target price on shares of Advanced Energy Industries in a report on Thursday, May 2nd. StockNews.com downgraded Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a report on Tuesday, June 25th. Finally, Citigroup upped their target price on Advanced Energy Industries from $107.00 to $113.00 and gave the company a “buy” rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Advanced Energy Industries has an average rating of “Hold” and an average target price of $108.86.

Advanced Energy Industries Stock Down 0.5 %

Shares of AEIS traded down $0.50 during trading hours on Friday, hitting $106.45. The company had a trading volume of 108,998 shares, compared to its average volume of 168,661. The company has a market capitalization of $3.99 billion, a PE ratio of 39.14, a price-to-earnings-growth ratio of 5.23 and a beta of 1.52. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78. Advanced Energy Industries, Inc. has a one year low of $81.86 and a one year high of $126.38. The company’s fifty day moving average price is $105.70 and its two-hundred day moving average price is $103.00.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.09). Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The business had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $351.74 million. During the same quarter last year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was down 22.9% compared to the same quarter last year. As a group, equities analysts forecast that Advanced Energy Industries, Inc. will post 2.33 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 27th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Advanced Energy Industries’s payout ratio is 14.71%.

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.