Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information and Dividends
Our common stock is listed on the NASDAQ Global Select Market under the symbol “AEIS.” On January 30, 2026, the number of common stockholders of record was 178. This does not include stockholders whose shares are held in “street name” through brokers or other nominees.
In each of the four quarters in 2025, we paid quarterly cash dividends of $0.10 per share, totaling $15.6 million for the full year. We currently anticipate that a quarterly cash dividend of $0.10 per share will continue to be paid on a quarterly basis, although the declaration of any future cash dividend is at the discretion of the Board and will depend on our financial condition, results of operations, capital requirements, business conditions, and other factors .
Purchases of Equity Securities by the Issuer
To repurchase shares of our common stock, we periodically enter into share repurchase agreements, open-market transactions, and/or other transactions in accordance with applicable federal securities laws. Before repurchasing our shares, we consider the market price of our common stock, the nature of other investment opportunities, available liquidity, cash flows from operations, general business and economic conditions, and other relevant factors.
We repurchased 32,758 shares during the fourth quarter of 2025, which are summarized in the following table. At December 31, 2025, the remaining amount authorized by our Board for future share repurchases was $166.9 million with no time limitation. All purchases were made pursuant to a previously announced plan.
Month
Total
Number of
Shares
Purchased
Average
Price Paid
Per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Maximum Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (1)
(in millions, except share and price per share data)
October
—
$
—
—
November
19,552
$
200.92
19,552
December
13,206
$
211.97
13,206
Total
32,758
$
205.38
32,758
$
166.9
(1) On August 3, 2022, we announced that our Board approved an increase to the authorized amount under the existing share repurchase program by $97.6 million to $200.0 million, with no time limitation.
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Performance Graph
The performance graph below shows the five-year cumulative total stockholder return on our common stock in comparison to certain other indices during the period from December 31, 2020 through December 31, 2025. The comparison assumes $100 invested on December 31, 2020 in Advanced Energy common stock and in each of the indices and assumes reinvestment of dividends, if any. Dollar amounts in the graph are rounded to the nearest whole dollar. The performance shown in the graph represents past performance and should not be considered an indication of future performance.
December 31,
2020
2021
2022
2023
2024
2025
Advanced Energy Industries, Inc. (NASDAQ: AEIS)
$
100.00
$
94.31
$
89.25
$
113.79
$
121.24
$
220.15
Dow Jones US Electrical Components & Equipment
$
100.00
$
125.35
$
103.42
$
132.15
$
176.57
$
236.57
NASDAQ Composite
$
100.00
$
122.22
$
82.48
$
119.35
$
154.67
$
187.42
S&P 1000
$
100.00
$
125.31
$
107.72
$
125.26
$
140.66
$
150.54
Russell 2000
$
100.00
$
114.78
$
91.30
$
106.71
$
119.00
$
134.23
Information relating to compensation plans under which our equity securities are authorized for issuance is set forth in Part III, Item 12 “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” of this annual report on Form 10-K.
ITEM 6. [RESERVED]
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