Semanteon Capital Management LP Invests $1.15 Million in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Semanteon Capital Management LP bought a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,510 shares of the electronics maker’s stock, valued at approximately $1,145,000.

A number of other large investors have also modified their holdings of AEIS. FMR LLC grew its holdings in shares of Advanced Energy Industries by 16.8% during the third quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock worth $415,262,000 after buying an additional 577,765 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Advanced Energy Industries by 1,005.2% during the third quarter. The Manufacturers Life Insurance Company now owns 346,271 shares of the electronics maker’s stock worth $35,707,000 after buying an additional 314,941 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Advanced Energy Industries by 65.0% during the fourth quarter. New York State Common Retirement Fund now owns 372,623 shares of the electronics maker’s stock worth $40,586,000 after buying an additional 146,832 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Advanced Energy Industries by 61.0% during the third quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker’s stock worth $24,021,000 after buying an additional 88,267 shares in the last quarter. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Advanced Energy Industries during the fourth quarter worth $7,856,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company dropped their price objective on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $115.14.

Advanced Energy Industries Trading Up 1.0 %

NASDAQ AEIS traded up $0.94 during trading hours on Thursday, reaching $93.78. The company had a trading volume of 143,447 shares, compared to its average volume of 212,121. The stock has a 50-day moving average of $98.30 and a 200 day moving average of $99.25. Advanced Energy Industries, Inc. has a 1-year low of $81.86 and a 1-year high of $126.38. The company has a current ratio of 5.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $3.50 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 3.26 and a beta of 1.55.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Tuesday, February 6th. The electronics maker reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.10. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. The company had revenue of $405.27 million for the quarter, compared to analysts’ expectations of $407.66 million. As a group, research analysts anticipate that Advanced Energy Industries, Inc. will post 2.88 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were given a $0.10 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. Advanced Energy Industries’s payout ratio is currently 11.76%.

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.