Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has received a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $126.89.

A number of equities analysts have weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Susquehanna cut their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Robert W. Baird boosted their price target on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $138.00 in a report on Monday, January 6th. Finally, StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th.

Insider Buying and Selling at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the sale, the director now directly owns 5,092 shares of the company’s stock, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.87% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Energy Industries

Several large investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Advanced Energy Industries by 36.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 38,699 shares of the electronics maker’s stock worth $4,209,000 after purchasing an additional 10,243 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Advanced Energy Industries by 22.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after buying an additional 118,328 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Advanced Energy Industries by 7.8% during the second quarter. Public Sector Pension Investment Board now owns 82,345 shares of the electronics maker’s stock worth $8,956,000 after acquiring an additional 5,930 shares during the period. Earnest Partners LLC lifted its holdings in Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after acquiring an additional 199,578 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in Advanced Energy Industries by 3.6% in the third quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker’s stock valued at $19,244,000 after acquiring an additional 6,217 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Trading Up 1.3 %

Shares of Advanced Energy Industries stock opened at $121.16 on Friday. Advanced Energy Industries has a fifty-two week low of $89.11 and a fifty-two week high of $128.70. The business’s fifty day moving average is $116.47 and its two-hundred day moving average is $109.76. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The firm has a market cap of $4.56 billion, a PE ratio of 106.28, a P/E/G ratio of 3.77 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 EPS for the quarter, beating the consensus estimate of $0.91 by $0.07. The company had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The firm’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 EPS. Analysts anticipate that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Monday, November 25th. Advanced Energy Industries’s dividend payout ratio (DPR) is 35.09%.

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.