Advanced Energy Industries (NASDAQ:AEIS) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

A number of other research analysts have also recently commented on AEIS. TD Cowen raised their price target on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the stock a hold rating in a research note on Wednesday. Susquehanna raised their price target on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a neutral rating in a research note on Wednesday. Benchmark restated a buy rating and set a $117.00 price target on shares of Advanced Energy Industries in a research note on Wednesday. Wells Fargo & Company raised their price objective on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the stock an equal weight rating in a report on Wednesday. Finally, Citigroup lowered shares of Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 price objective for the company. in a report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $110.14.

Advanced Energy Industries Trading Down 5.6 %

Advanced Energy Industries stock opened at $101.64 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.40. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 5.79 and a beta of 1.52. Advanced Energy Industries has a one year low of $81.86 and a one year high of $124.74. The company’s fifty day moving average price is $109.02 and its two-hundred day moving average price is $103.66.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The business had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. During the same quarter last year, the company earned $0.95 earnings per share. The firm’s revenue was down 12.2% on a year-over-year basis. On average, analysts forecast that Advanced Energy Industries will post 2.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Advanced Energy Industries by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock worth $463,335,000 after purchasing an additional 73,028 shares during the last quarter. Victory Capital Management Inc. raised its position in Advanced Energy Industries by 6.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,167,892 shares of the electronics maker’s stock worth $127,207,000 after purchasing an additional 75,351 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Advanced Energy Industries by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 923,960 shares of the electronics maker’s stock worth $100,641,000 after purchasing an additional 3,093 shares during the last quarter. Channing Capital Management LLC bought a new position in Advanced Energy Industries in the 4th quarter worth approximately $68,701,000. Finally, First Trust Advisors LP raised its position in Advanced Energy Industries by 11.8% in the 4th quarter. First Trust Advisors LP now owns 545,079 shares of the electronics maker’s stock worth $59,370,000 after purchasing an additional 57,610 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

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.