Synovus Financial Corp Acquires 1,107 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Synovus Financial Corp increased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 19.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,669 shares of the electronics maker’s stock after acquiring an additional 1,107 shares during the quarter. Synovus Financial Corp’s holdings in Advanced Energy Industries were worth $702,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Stifel Financial Corp increased its position in Advanced Energy Industries by 1.0% during the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock worth $1,132,000 after acquiring an additional 102 shares during the period. Azzad Asset Management Inc. ADV increased its position in Advanced Energy Industries by 1.7% during the second quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock worth $796,000 after acquiring an additional 124 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Advanced Energy Industries by 5.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after acquiring an additional 130 shares during the period. Meeder Asset Management Inc. increased its position in 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 acquiring an additional 186 shares during the period. Finally, Arizona State Retirement System increased its position in Advanced Energy Industries by 2.0% during the second quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock worth $1,136,000 after acquiring an additional 203 shares during the period. 99.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on AEIS shares. Wells Fargo & Company raised their target price on shares of Advanced Energy Industries from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Monday. Benchmark reissued a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Finally, StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.25.

Advanced Energy Industries Trading Down 1.7 %

Shares of Advanced Energy Industries stock opened at $120.65 on Wednesday. The firm’s 50 day moving average is $113.03 and its 200 day moving average is $108.21. 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 1 year low of $89.11 and a 1 year high of $124.02. The firm has a market capitalization of $4.55 billion, a PE ratio of 105.83, a price-to-earnings-growth ratio of 6.92 and a beta of 1.47.

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 the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. During the same period last year, the company earned $1.12 EPS. The firm’s revenue was down 8.7% compared to the same quarter last year. Equities research analysts forecast that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were given a $0.10 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. 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 Advanced Energy Industries stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.87% of the company’s stock.

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.