Isthmus Partners LLC Has $3.08 Million Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Isthmus Partners LLC raised its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,272 shares of the electronics maker’s stock after acquiring an additional 1,810 shares during the period. Isthmus Partners LLC’s holdings in Advanced Energy Industries were worth $3,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank boosted its position in shares of Advanced Energy Industries by 200.0% during the third quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after buying an additional 208 shares during the period. Quantbot Technologies LP acquired a new position in shares of Advanced Energy Industries during the third quarter worth about $41,000. Meeder Asset Management Inc. boosted its position in shares of Advanced Energy Industries by 68.4% during the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after buying an additional 186 shares during the period. GAMMA Investing LLC boosted its position in shares of Advanced Energy Industries by 157.6% during the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after buying an additional 383 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Advanced Energy Industries during the second quarter worth about $87,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AEIS shares. Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Robert W. Baird reduced their price target on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Stifel Nicolaus started coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Advanced Energy Industries currently has a consensus rating of “Hold” and a consensus target price of $113.75.

Advanced Energy Industries Price Performance

NASDAQ:AEIS opened at $114.57 on Friday. 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’s 50 day moving average price is $108.94 and its two-hundred day moving average price is $107.15. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 100.50, a P/E/G ratio of 6.89 and a beta of 1.48. Advanced Energy Industries, Inc. has a 12-month low of $89.11 and a 12-month high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. The firm had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. 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 company earned $1.12 earnings per share. On average, analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 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. Stockholders of record on Monday, November 25th will be paid 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 dividend yield of 0.35%. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 35.09%.

Insider Transactions at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction that occurred 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 owns 5,092 shares in the company, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.

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.