Wells Fargo & Company Increases Advanced Energy Industries (NASDAQ:AEIS) Price Target to $103.00

Advanced Energy Industries (NASDAQ:AEIS) had its target price lifted by Wells Fargo & Company from $97.00 to $103.00 in a research report released on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the electronics maker’s stock.

A number of other research analysts have also recently weighed in on the stock. Needham & Company LLC restated a hold rating on shares of Advanced Energy Industries in a research note on Wednesday. TD Cowen lifted their target price on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the company a hold rating in a research note on Wednesday. Citigroup cut shares of Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 target price on the stock. in a research note on Monday, July 15th. Benchmark restated a buy rating and set a $117.00 target price on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Finally, Susquehanna lifted their target price on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the company a neutral rating in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $110.14.

Advanced Energy Industries Trading Down 5.6 %

Shares of AEIS stock opened at $101.64 on Wednesday. Advanced Energy Industries has a 1 year low of $81.86 and a 1 year high of $124.74. The firm has a fifty day moving average price of $109.02 and a 200-day moving average price of $103.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.40. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 5.69 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.51%. The firm had revenue of $364.95 million during the quarter, compared to the consensus estimate of $350.06 million. During the same quarter in the previous year, the firm posted $0.95 EPS. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. As a group, equities analysts predict that Advanced Energy Industries will post 2.33 earnings per share for the current year.

Hedge Funds Weigh In On Advanced Energy Industries

Hedge funds have recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Advanced Energy Industries during the 1st quarter valued at about $25,000. Parallel Advisors LLC grew its holdings in Advanced Energy Industries by 78.2% during the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 154 shares during the last quarter. Signaturefd LLC grew its holdings in Advanced Energy Industries by 52.3% during the 4th quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock valued at $66,000 after purchasing an additional 209 shares during the last quarter. GAMMA Investing LLC grew its holdings in Advanced Energy Industries by 157.6% during the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 383 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in Advanced Energy Industries during the 4th quarter valued at about $87,000. 99.67% of the stock is currently owned by institutional investors.

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.