Dynamic Technology Lab Private Ltd has made a significant investment in Advanced Energy Industries, Inc. (NASDAQ:AEIS), acquiring a stake valued at approximately $293,000 during the third quarter of 2023. This investment involved the purchase of 1,725 shares of the electronics manufacturer, as disclosed in recent filings with the Securities and Exchange Commission.
In addition to Dynamic Technology Lab, several institutional investors have adjusted their holdings in Advanced Energy. For instance, Private Trust Co. NA increased its stake by 92.4%, now owning 152 shares worth $26,000 after acquiring an additional 73 shares in the last quarter. Similarly, Farther Finance Advisors LLC boosted its position by 203.5%, bringing its total to 173 shares valued at $29,000.
Other notable changes include EverSource Wealth Advisors LLC, which expanded its holdings by 67.7% with a total of 312 shares worth $41,000, and Salomon & Ludwin LLC, which invested $46,000 in a new stake in the company. Overall, institutional investors now own 99.67% of Advanced Energy’s stock.
Stock Performance and Financial Outlook
As of the latest trading session, shares of Advanced Energy opened at $305.82. The company has experienced a substantial price fluctuation over the past year, with a low of $75.01 and a high of $350.00. Advanced Energy Industries boasts a market capitalization of $11.54 billion, a price-to-earnings ratio of 80.06, and a PEG ratio of 2.31.
The company’s most recent earnings report, released on February 10, 2024, revealed earnings per share (EPS) of $1.94, surpassing analysts’ expectations of $1.76 by $0.18. Revenue for the quarter reached $489.40 million, exceeding the forecast of $473.12 million and reflecting a year-over-year increase of 17.8%. Looking ahead, Advanced Energy has set its EPS guidance for the first quarter of 2026 between $1.690 and $2.190.
Dividends and Insider Activity
Advanced Energy Industries has also announced a quarterly dividend of $0.10 per share, which was paid on March 6, 2024, to stockholders on record as of February 23, 2024. This amount translates to an annualized dividend of $0.40, resulting in a yield of 0.1%. The company’s dividend payout ratio stands at 10.47%.
In related news, Stephen Douglas Kelley, the CEO, sold 50,000 shares at an average price of $316.62, totaling approximately $15.83 million. Following this transaction, he retains 80,376 shares valued at $25.45 million. This sale marked a 38.35% reduction in his holdings. Additionally, Elizabeth Karpinski Vonne, the Executive Vice President, sold 964 shares at an average price of $328.42, worth around $316,596.88.
Insider transactions in the last quarter totaled 51,964 shares sold, valued at approximately $16.46 million. Currently, insiders hold 1.20% of the company’s stock.
Analysts have weighed in on the stock’s performance, with Weiss Ratings reiterating a “hold (C+)” rating, while TD Cowen maintained a “hold” rating. Needham & Company LLC raised its target price from $290.00 to $330.00, designating the stock as a “buy.” Wells Fargo & Company also increased its target price to $300.00, while Robert W. Baird set a target of $315.00.
Overall, Advanced Energy Industries has received a consensus rating of “Moderate Buy” from analysts, with a target price averaging around $308.50.
Founded in 1981 and based in Fort Collins, Colorado, Advanced Energy Industries specializes in precision power conversion, measurement, and control solutions, serving diverse industries including semiconductor fabrication and telecommunications.
