Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives Average Rating of “Hold” from Analysts

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have earned an average recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $108.86.

Several analysts have commented on the stock. StockNews.com lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Benchmark reaffirmed a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a report on Thursday, May 2nd. Citigroup lifted their target price on Advanced Energy Industries from $107.00 to $113.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Tuesday, June 25th. Finally, Susquehanna cut their target price on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd.

Institutional Trading of Advanced Energy Industries

Several large investors have recently bought and sold shares of AEIS. Norges Bank acquired a new stake in shares of Advanced Energy Industries during the fourth quarter valued at about $43,516,000. Peregrine Capital Management LLC acquired a new position in Advanced Energy Industries during the fourth quarter worth $7,856,000. Moody Aldrich Partners LLC boosted its position in shares of Advanced Energy Industries by 130.4% during the fourth quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock worth $3,571,000 after buying an additional 18,561 shares during the period. Seizert Capital Partners LLC grew its stake in shares of Advanced Energy Industries by 71.2% in the fourth quarter. Seizert Capital Partners LLC now owns 28,479 shares of the electronics maker’s stock valued at $3,102,000 after buying an additional 11,846 shares in the last quarter. Finally, III Capital Management acquired a new position in Advanced Energy Industries during the 3rd quarter worth about $897,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock opened at $106.64 on Wednesday. Advanced Energy Industries has a 12 month low of $81.86 and a 12 month high of $126.38. The stock’s fifty day moving average price is $104.94 and its 200-day moving average price is $102.97. The firm has a market cap of $3.99 billion, a P/E ratio of 39.21, a P/E/G ratio of 5.32 and a beta of 1.52. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.09). The business had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $351.74 million. Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. Advanced Energy Industries’s revenue for the quarter was down 22.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 EPS. On average, equities research analysts expect that Advanced Energy Industries will post 2.33 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, May 27th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is 14.71%.

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.