MQS Management LLC Purchases New Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

MQS Management LLC acquired a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,305 shares of the electronics maker’s stock, valued at approximately $664,000.

Several other institutional investors have also modified their holdings of AEIS. SG Americas Securities LLC acquired a new position in Advanced Energy Industries in the first quarter valued at about $732,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Advanced Energy Industries by 14.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,578 shares of the electronics maker’s stock worth $4,036,000 after purchasing an additional 5,000 shares during the period. Atria Investments Inc acquired a new stake in Advanced Energy Industries in the 1st quarter valued at approximately $1,226,000. Oppenheimer Asset Management Inc. raised its position in Advanced Energy Industries by 36.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,699 shares of the electronics maker’s stock valued at $4,209,000 after purchasing an additional 10,243 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Advanced Energy Industries by 22.4% during the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after purchasing an additional 118,328 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

Shares of AEIS opened at $114.29 on Wednesday. Advanced Energy Industries, Inc. has a 1 year low of $87.61 and a 1 year high of $120.81. The stock has a market capitalization of $4.31 billion, a P/E ratio of 100.26, a P/E/G ratio of 6.92 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The company’s fifty day moving average is $105.30 and its two-hundred day moving average is $106.11.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The business had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. During the same period in the prior year, the business posted $1.12 EPS. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, sell-side analysts predict that Advanced Energy Industries, Inc. will post 2.5 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have commented on AEIS shares. Susquehanna decreased their price target on shares of 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. Wells Fargo & Company reduced their price target on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. TD Cowen reduced their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Energy Industries currently has a consensus rating of “Hold” and a consensus price target of $112.75.

Advanced Energy Industries 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.