Advanced Energy Industries, Inc. (NASDAQ:AEIS) Given Consensus Rating of “Hold” by Analysts

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $113.25.

AEIS has been the subject of a number of research reports. TD Cowen increased their price target on Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Citigroup lowered shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a report on Monday, July 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Susquehanna lifted their price objective on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company upped their target price on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st.

Institutional Investors Weigh In On Advanced Energy Industries

Large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new position in Advanced Energy Industries in the second quarter worth approximately $250,000. Point72 Asset Management L.P. bought a new stake in shares of Advanced Energy Industries in the second quarter valued at about $1,316,000. Northwestern Mutual Wealth Management Co. lifted its stake in Advanced Energy Industries by 4.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,997 shares of the electronics maker’s stock worth $870,000 after acquiring an additional 369 shares during the period. Creative Planning grew its holdings in Advanced Energy Industries by 76.0% during the 2nd quarter. Creative Planning now owns 15,569 shares of the electronics maker’s stock worth $1,693,000 after acquiring an additional 6,721 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Advanced Energy Industries in the 2nd quarter valued at about $2,078,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Stock Up 2.7 %

NASDAQ AEIS opened at $98.63 on Monday. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76. Advanced Energy Industries has a 12 month low of $81.86 and a 12 month high of $119.75. The stock’s 50 day moving average is $105.69 and its 200 day moving average is $103.38. The stock has a market cap of $3.69 billion, a PE ratio of 36.26, a P/E/G ratio of 4.88 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.14. The company had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. Advanced Energy Industries’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period last year, the company posted $0.95 earnings per share. Research analysts predict that Advanced Energy Industries will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, August 26th. Advanced Energy Industries’s payout ratio is presently 14.71%.

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.