Orion Portfolio Solutions LLC Has $589,000 Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Orion Portfolio Solutions LLC lowered its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,600 shares of the electronics maker’s stock after selling 309 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Advanced Energy Industries were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AEIS. Huntington National Bank increased its position in Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 208 shares during the period. Quantbot Technologies LP acquired a new stake in Advanced Energy Industries during the 3rd quarter valued at approximately $41,000. Meeder Asset Management Inc. increased its position in Advanced Energy Industries by 68.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 186 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Advanced Energy Industries during the 2nd quarter valued at approximately $87,000. Finally, Blue Trust Inc. increased its position in Advanced Energy Industries by 2,150.0% during the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock valued at $88,000 after purchasing an additional 774 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Price Performance

Shares of AEIS opened at $120.65 on Wednesday. Advanced Energy Industries, Inc. has a 12-month low of $89.11 and a 12-month high of $124.02. The business’s fifty day moving average is $113.03 and its 200 day moving average is $108.21. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The stock has a market cap of $4.55 billion, a P/E ratio of 105.83, a P/E/G ratio of 6.92 and a beta of 1.47.

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 company had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. During the same period last year, the business earned $1.12 EPS. Advanced Energy Industries’s quarterly revenue was down 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is currently 35.09%.

Insider Buying and Selling

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. TD Cowen decreased their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Susquehanna reduced their price objective 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. Finally, Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Monday. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.25.

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.