Advanced Energy Industries, Inc. (NASDAQ:AEIS) Given Average Rating of “Moderate Buy” by Brokerages

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $120.25.

Several research firms recently issued reports on AEIS. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Monday, December 16th. TD Cowen reduced their price target on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company increased their price target on shares of Advanced Energy Industries from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Robert W. Baird increased their price target 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. Finally, Susquehanna reduced their price target on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, October 11th.

Advanced Energy Industries Price Performance

NASDAQ AEIS opened at $113.00 on Wednesday. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $113.42 and a 200 day simple moving average of $108.36. The company has a market cap of $4.26 billion, a P/E ratio of 99.12, a P/E/G ratio of 6.92 and a beta of 1.47. Advanced Energy Industries has a 1 year low of $89.11 and a 1 year high of $124.48.

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

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Monday, November 25th. Advanced Energy Industries’s payout ratio is 35.09%.

Insider Transactions at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now directly owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Energy Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in shares of Advanced Energy Industries by 12.4% during the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after acquiring an additional 53,566 shares during the period. Lord Abbett & CO. LLC increased its position in shares of Advanced Energy Industries by 6.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 403,679 shares of the electronics maker’s stock worth $42,483,000 after purchasing an additional 23,395 shares in the last quarter. Synovus Financial Corp increased its position in shares of Advanced Energy Industries by 19.9% during the 3rd quarter. Synovus Financial Corp now owns 6,669 shares of the electronics maker’s stock worth $702,000 after purchasing an additional 1,107 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Advanced Energy Industries by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock worth $93,094,000 after purchasing an additional 15,030 shares in the last quarter. Finally, Dean Investment Associates LLC increased its position in shares of Advanced Energy Industries by 123.5% during the 3rd quarter. Dean Investment Associates LLC now owns 35,817 shares of the electronics maker’s stock worth $3,769,000 after purchasing an additional 19,791 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

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.