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

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

Several other institutional investors and hedge funds have also recently modified their holdings of AEIS. Oppenheimer Asset Management Inc. boosted its position in shares of 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 acquiring an additional 10,243 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after acquiring an additional 118,328 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Advanced Energy Industries by 7.8% in the second quarter. Public Sector Pension Investment Board now owns 82,345 shares of the electronics maker’s stock valued at $8,956,000 after acquiring an additional 5,930 shares during the period. Earnest Partners LLC boosted its position in shares of Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after acquiring an additional 199,578 shares during the period. Finally, Pinnacle Associates Ltd. boosted its position in shares of Advanced Energy Industries by 3.6% in the third quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker’s stock valued at $19,244,000 after acquiring an additional 6,217 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by insiders.

Advanced Energy Industries Stock Down 1.7 %

AEIS stock opened at $120.65 on Wednesday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 105.83, a price-to-earnings-growth ratio of 6.92 and a beta of 1.47. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $124.02. The firm has a 50-day moving average price of $113.03 and a 200-day moving average price of $108.21.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 earnings per share. As a group, equities research analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $0.10 dividend. This represents a $0.40 annualized dividend 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%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AEIS. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Monday. Susquehanna cut 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. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Benchmark reaffirmed a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.25.

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.