Advanced Energy Industries (NASDAQ:AEIS) Price Target Raised to $113.00

Advanced Energy Industries (NASDAQ:AEIS) had its price target upped by Citigroup from $107.00 to $113.00 in a report published on Monday, Marketbeat.com reports. The firm currently has a buy rating on the electronics maker’s stock.

Several other analysts also recently commented on the company. Needham & Company LLC reiterated a hold rating on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Susquehanna lowered their price target on Advanced Energy Industries from $95.00 to $90.00 and set a neutral rating on the stock in a report on Thursday, May 2nd. Wells Fargo & Company lowered their price target on Advanced Energy Industries from $108.00 to $97.00 and set an equal weight rating on the stock in a report on Wednesday, February 7th. StockNews.com cut Advanced Energy Industries from a hold rating to a sell rating in a report on Thursday, May 2nd. Finally, Benchmark reissued a buy rating and set a $117.00 price target on shares of Advanced Energy Industries in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and an average price target of $108.86.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $101.57 on Monday. The company has a quick ratio of 4.40, a current ratio of 5.61 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $3.80 billion, a P/E ratio of 37.34, a PEG ratio of 3.43 and a beta of 1.54. The stock’s 50 day moving average is $97.94 and its 200 day moving average is $99.31. Advanced Energy Industries has a twelve month low of $81.86 and a twelve month high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, May 1st. The electronics maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The business had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $351.74 million. During the same quarter in the prior year, the business posted $1.10 earnings per share. The business’s revenue for the quarter was down 22.9% on a year-over-year basis. On average, equities research analysts predict that Advanced Energy Industries will post 2.88 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 27th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. Advanced Energy Industries’s dividend payout ratio is currently 14.71%.

Institutional Investors Weigh In On Advanced Energy Industries

A number of institutional investors and hedge funds have recently bought and sold shares of AEIS. Channing Capital Management LLC bought a new stake in Advanced Energy Industries during the fourth quarter valued at about $68,701,000. FMR LLC raised its holdings in Advanced Energy Industries by 16.8% during the third quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock valued at $415,262,000 after acquiring an additional 577,765 shares during the period. Norges Bank purchased a new position in shares of Advanced Energy Industries during the fourth quarter valued at about $43,516,000. The Manufacturers Life Insurance Company grew its position in shares of Advanced Energy Industries by 1,005.2% during the third quarter. The Manufacturers Life Insurance Company now owns 346,271 shares of the electronics maker’s stock valued at $35,707,000 after purchasing an additional 314,941 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Advanced Energy Industries by 65.0% during the fourth quarter. New York State Common Retirement Fund now owns 372,623 shares of the electronics maker’s stock valued at $40,586,000 after purchasing an additional 146,832 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.