Advanced Energy Industries (NASDAQ:AEIS) Reaches New 52-Week High – Here’s Why

Advanced Energy Industries, Inc. (NASDAQ:AEIS) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $128.70 and last traded at $127.47, with a volume of 52518 shares traded. The stock had previously closed at $121.24.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AEIS shares. Benchmark reissued a “buy” rating and issued a $125.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Needham & Company LLC upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Tuesday. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $110.00 to $138.00 in a research report on Monday. TD Cowen cut their price target on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Finally, Robert W. Baird boosted their price objective on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.78.

Advanced Energy Industries Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The company has a fifty day moving average price of $115.63 and a two-hundred day moving average price of $109.20. The company has a market cap of $4.47 billion, a P/E ratio of 104.10, a PEG ratio of 6.92 and a beta of 1.46.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.07. The firm had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The business’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 EPS. On average, sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is currently 35.09%.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. This trade represents a 16.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in shares of Advanced Energy Industries by 30.1% during the fourth quarter. GAMMA Investing LLC now owns 1,231 shares of the electronics maker’s stock worth $142,000 after acquiring an additional 285 shares during the period. Versant Capital Management Inc lifted its holdings in Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 182 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Advanced Energy Industries by 12.4% in the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock valued at $50,920,000 after purchasing an additional 53,566 shares during the period. Lord Abbett & CO. LLC boosted its stake in Advanced Energy Industries by 6.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 403,679 shares of the electronics maker’s stock valued at $42,483,000 after purchasing an additional 23,395 shares during the period. Finally, Synovus Financial Corp grew its holdings in Advanced Energy Industries by 19.9% in the 3rd quarter. Synovus Financial Corp now owns 6,669 shares of the electronics maker’s stock valued at $702,000 after buying an additional 1,107 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

About Advanced Energy Industries

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.