Advanced Energy Industries (NASDAQ:AEIS) Trading 4.5% Higher – Still a Buy?

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) traded up 4.5% on Wednesday . The stock traded as high as $111.47 and last traded at $111.47. 44,362 shares traded hands during trading, a decline of 79% from the average session volume of 209,139 shares. The stock had previously closed at $106.63.

Wall Street Analysts Forecast Growth

AEIS has been the topic of several recent research reports. Stifel Nicolaus started coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective on the stock. Robert W. Baird started coverage on shares of Advanced Energy Industries in a research report on Friday, September 20th. They set an “outperform” rating and a $128.00 price target on the stock. Wells Fargo & Company cut their price objective on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Citigroup lowered shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price on the stock. in a research note on Monday, July 15th. Finally, Benchmark restated a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $113.11.

Advanced Energy Industries Trading Up 0.3 %

The stock has a market capitalization of $4.16 billion, a PE ratio of 40.83, a P/E/G ratio of 5.41 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. The company’s 50 day moving average price is $103.42 and its two-hundred day moving average price is $104.08.

Advanced Energy Industries (NASDAQ:AEIS) last issued its 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. The business had revenue of $364.95 million for the quarter, compared to analysts’ expectations of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 EPS. As a group, analysts expect that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date was Monday, August 26th. Advanced Energy Industries’s payout ratio is currently 14.71%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rise Advisors LLC purchased a new stake in Advanced Energy Industries in the first quarter valued at approximately $25,000. GAMMA Investing LLC raised its holdings in shares of Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after buying an additional 383 shares during the period. Canada Pension Plan Investment Board acquired a new position in Advanced Energy Industries during the 2nd quarter worth about $87,000. Hilltop National Bank boosted its holdings in Advanced Energy Industries by 13.4% during the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 116 shares during the period. Finally, Innealta Capital LLC acquired a new position in Advanced Energy Industries in the 2nd quarter valued at about $109,000. Hedge funds and other 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.