Advanced Energy Industries (NASDAQ:AEIS) Price Target Raised to $103.00

Advanced Energy Industries (NASDAQ:AEIS) had its price objective hoisted by Wells Fargo & Company from $97.00 to $103.00 in a research note released on Wednesday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the electronics maker’s stock.

AEIS has been the topic of a number of other research reports. Citigroup lowered Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 price objective on the stock. in a research note on Monday, July 15th. TD Cowen raised their price objective on Advanced Energy Industries from $100.00 to $120.00 and gave the stock a hold rating in a research note on Wednesday. Susquehanna raised their price objective on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a neutral rating in a research note on Wednesday. Needham & Company LLC restated a hold rating on shares of Advanced Energy Industries in a research note on Wednesday. Finally, Benchmark reiterated a buy rating and issued a $117.00 price target on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Advanced Energy Industries currently has an average rating of Hold and a consensus price target of $110.14.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $101.64 on Wednesday. The stock has a market cap of $3.83 billion, a P/E ratio of 37.37, a PEG ratio of 5.69 and a beta of 1.52. The stock has a 50 day simple moving average of $109.02 and a 200 day simple moving average of $103.65. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78. Advanced Energy Industries has a 1-year low of $81.86 and a 1-year high of $124.74.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.51% and a net margin of 6.00%. The business had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. During the same period last year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. Research analysts anticipate that Advanced Energy Industries will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On Advanced Energy Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rise Advisors LLC bought a new stake in Advanced Energy Industries during the 1st quarter worth $25,000. Parallel Advisors LLC grew its position in Advanced Energy Industries by 78.2% during the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 154 shares during the last quarter. Signaturefd LLC grew its position in Advanced Energy Industries by 52.3% during the 4th quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock worth $66,000 after acquiring an additional 209 shares during the last quarter. GAMMA Investing LLC grew its position in Advanced Energy Industries by 157.6% during the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 383 shares during the last quarter. Finally, Principal Securities Inc. bought a new stake in Advanced Energy Industries during the 4th quarter worth $87,000. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Company 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.