On May 28, 2023, it was reported that UBS Group AG had increased its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 14.1% during the previous quarter, according to a Form 13F filing submitted to the SEC. The electronic maker’s stock saw an additional purchase of 7,783 shares during the period and now has an ownership of 62,893 shares by UBS Group AG. This amount is valued at $5,395,000 as of the most recent SEC filing.
Moreover, Director Ronald C. Foster sold 1,000 shares of the firm’s stock on May 25th for a total of $95,000. The sales took place at an average price of $95 per share. Following this transaction, Foster holds around 11,618 shares in the company valued at $1,103,710. The said transaction has been fully disclosed and can be accessed through a hyperlink available on the Securities & Exchange Commission website.
Lastly and more positively for investors who are looking forward to cashing in from this electronics manufacturing giant is that Advanced Energy Industries announced its latest quarterly dividend on their stock which will be paid out on June 2nd this year reaching the ex-dividend date on May19th for those holding shares till then. Investors who are eligible as of May22nd will receive a quarterly dividend payout of $0.10 per share representing an annualized payment rate of $0.40 with an estimated yield percentage of 0.40%. As per reports being released earlier today Advanced Energy Industries’s current dividend payout ratio stands at a healthy rate of just under eight percent which is quite positive news for investors seeking stable returns from their investments in such companies dealing with publicly traded stocks anywhere around the globe.
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Advanced Energy Industries: A Promising Investment for Investors and Traders Alike
Advanced Energy Industries: A Company on the Rise
Advanced Energy Industries (AEIS) is a publicly traded electronics maker that has been generating buzz among investors and analysts alike. With a market capitalization of $3.78 billion, AEIS has become one of the most talked-about companies in recent months, thanks to its outstanding financial performance and positive growth projections.
According to recent reports, several large investors have modified their holdings in AEIS, further contributing to its promising prospects. One company, EverSource Wealth Advisors LLC, reportedly lifted its holdings by 72% in the third quarter, acquiring an additional 206 shares valued at $38,000. Additionally, Quadrant Capital Group LLC raised its holdings by 179.3% during the same period while Bank Julius Baer & Co. Ltd Zurich established a new position in the firm for $99,000.
Moreover, Lazard Asset Management added 237 shares to its portfolio during last quarter, representing a 17.1% increase over that period. On the other hand, Captrust Financial Advisors saw a massive 195.5% lift in their holdings during Q1 2023 after acquiring an additional 993 shares worth $129,000.
All institutional investors now own approximately 98.72% of the company’s stock and believe that AEIS has tremendous potential for further growth.
On Friday May 28th , NASDAQ AEIS opened at $100.65 with a high of $101.81 and low of $67.55 over the past year representing it as a highly volatile stock with beta value of 1.56 . Although this may seem like an alarmingly high volatility index,AEIS continues to show promising signs despite its ups and downs..
Recent research reports from reputable firms further confirm this sentiment as well; Citigroup recently raised AEIS’s target price from $95.00 to $114 per share while Cowen believed that AEIS represented a “market perform” investment with its high price target of $100.00 per share.
Particularly noteworthy is the vote of confidence from Needham & Company LLC, who raised the price to $112.00 per share alongside their rating upgrade to “buy.” On May 18th, StockNews.com gave it a “hold” rating on the stock. This clearly highlights the consensus view that the company deserves an even higher price in the future.
In conclusion, investors seeking out profitable opportunities would do well to closely follow Advanced Energy Industries. This innovative and growing firm has robust revenue projections and a unique business model that could furnish hefty returns over time. The overwhelming support from institutional investors and research analysts should inspire both novice and veteran traders alike to consider investing in this technology company as part of their portfolio.
