Advanced Energy Industries (NASDAQ:AEIS) Now Covered by Robert W. Baird

Robert W. Baird assumed coverage on shares of Advanced Energy Industries (NASDAQ:AEIS) in a report released on Friday, Marketbeat Ratings reports. The firm issued an outperform rating and a $128.00 target price on the electronics maker’s stock.

A number of other research analysts also recently weighed in on AEIS. Benchmark reissued a buy rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Needham & Company LLC restated a hold rating on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They set a buy rating and a $135.00 price objective for the company. Susquehanna lifted their target price on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a neutral rating in a report on Wednesday, July 31st. Finally, Citigroup cut shares of Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 price target for the company. in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Advanced Energy Industries presently has a consensus rating of Hold and a consensus price target of $114.89.

Advanced Energy Industries Price Performance

NASDAQ AEIS opened at $101.59 on Friday. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $3.80 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50. Advanced Energy Industries has a 12-month low of $81.86 and a 12-month high of $119.75. The company has a 50 day moving average price of $104.58 and a two-hundred day moving average price of $103.30.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.14. The business had revenue of $364.95 million during the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. Advanced Energy Industries’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, equities analysts predict that Advanced Energy Industries will post 2.47 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 annualized dividend and a yield of 0.39%. Advanced Energy Industries’s dividend payout ratio (DPR) is 14.71%.

Institutional Trading of Advanced Energy Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in Advanced Energy Industries during the second quarter worth $250,000. Point72 Asset Management L.P. acquired a new stake in shares of Advanced Energy Industries during the 2nd quarter valued at about $1,316,000. Northwestern Mutual Wealth Management Co. increased its stake in Advanced Energy Industries by 4.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,997 shares of the electronics maker’s stock valued at $870,000 after acquiring an additional 369 shares during the period. Creative Planning raised its position in Advanced Energy Industries by 76.0% in the second quarter. Creative Planning now owns 15,569 shares of the electronics maker’s stock worth $1,693,000 after purchasing an additional 6,721 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Advanced Energy Industries during the second quarter worth about $2,078,000. 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.