Wells Fargo & Company Trims Advanced Energy Industries (NASDAQ:AEIS) Target Price to $98.00

Advanced Energy Industries (NASDAQ:AEIS) had its price objective reduced by Wells Fargo & Company from $103.00 to $98.00 in a report issued on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the electronics maker’s stock.

Several other equities research analysts have also weighed in on the stock. Robert W. Baird started coverage on shares of Advanced Energy Industries in a research note on Friday, September 20th. They set an outperform rating and a $128.00 price objective on the stock. StockNews.com cut Advanced Energy Industries from a hold rating to a sell rating in a research report on Friday, September 20th. Needham & Company LLC restated a hold rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Baird R W raised Advanced Energy Industries to a strong-buy rating in a research report on Friday, September 20th. Finally, Susquehanna raised their target price on Advanced Energy Industries from $90.00 to $103.00 and gave the company a neutral rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $114.33.

Advanced Energy Industries Trading Up 2.5 %

NASDAQ:AEIS opened at $105.53 on Thursday. The company has a market cap of $3.95 billion, a PE ratio of 38.80, a P/E/G ratio of 5.12 and a beta of 1.49. The business’s 50 day moving average is $102.66 and its two-hundred day moving average is $103.48. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. Advanced Energy Industries has a 52 week low of $81.86 and a 52 week high of $119.75.

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

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, August 26th. Advanced Energy Industries’s dividend payout ratio is currently 14.71%.

Hedge Funds Weigh In On Advanced Energy Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC acquired a new stake in shares of Advanced Energy Industries in the 1st quarter worth approximately $25,000. Parallel Advisors LLC lifted its position in Advanced Energy Industries by 78.2% in the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 154 shares during the period. GAMMA Investing LLC boosted its stake in Advanced Energy Industries by 157.6% during the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 383 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Advanced Energy Industries during the 2nd quarter valued at $87,000. Finally, Hilltop National Bank raised its stake in shares of Advanced Energy Industries by 13.4% in the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after buying an additional 116 shares in the last quarter. 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.