Advanced Energy Industries (NASDAQ:AEIS) Lowered to Sell at StockNews.com

Advanced Energy Industries (NASDAQ:AEIS) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the company. Susquehanna increased their target price on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Benchmark restated a “buy” rating and set a $117.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They set a “buy” rating and a $135.00 target price on the stock. Finally, Citigroup downgraded Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price objective on the stock. in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Advanced Energy Industries currently has a consensus rating of “Hold” and a consensus price target of $113.25.

Advanced Energy Industries Stock Performance

Shares of AEIS stock opened at $101.76 on Friday. The firm’s 50 day moving average is $105.07 and its 200 day moving average is $103.29. The stock has a market capitalization of $3.81 billion, a P/E ratio of 37.41, a PEG 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 current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.14. The firm had revenue of $364.95 million for the quarter, compared to the consensus estimate of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The business’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.95 earnings per share. On average, sell-side analysts anticipate that Advanced Energy Industries will post 2.47 earnings per share for the current year.

Institutional Investors Weigh In On Advanced Energy Industries

A number of large investors have recently added to or reduced their stakes in AEIS. Norges Bank purchased a new stake in Advanced Energy Industries during the fourth quarter valued at about $43,516,000. Earnest Partners LLC boosted its position in Advanced Energy Industries by 13.5% during the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after buying an additional 199,578 shares during the period. Wells Fargo & Company MN grew its stake in shares of Advanced Energy Industries by 63.7% during the fourth quarter. Wells Fargo & Company MN now owns 369,438 shares of the electronics maker’s stock valued at $40,239,000 after buying an additional 143,692 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Advanced Energy Industries by 22.4% during the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after buying an additional 118,328 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Advanced Energy Industries by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after buying an additional 102,659 shares during the period. Hedge funds and other 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.