Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives $113.25 Average Target Price from Brokerages

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has received an average recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $113.25.

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Thursday. Susquehanna increased their price target on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Citigroup lowered Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a research note on Monday, July 15th. Benchmark reiterated a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus assumed coverage on Advanced Energy Industries in a research note on Thursday, August 15th. They issued a “buy” rating and a $135.00 price target for the company.

Advanced Energy Industries Trading Up 2.8 %

NASDAQ:AEIS opened at $96.45 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 4.74 and a beta of 1.50. Advanced Energy Industries has a one year low of $81.86 and a one year high of $119.75. The business has a fifty day moving average price of $106.07 and a 200-day moving average price of $103.36.

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

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Advanced Energy Industries’s payout ratio is 14.71%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rise Advisors LLC bought a new position in shares of Advanced Energy Industries in the 1st quarter valued at about $25,000. Parallel Advisors LLC lifted its stake in Advanced Energy Industries by 78.2% in the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 154 shares during the last quarter. GAMMA Investing LLC lifted its stake in Advanced Energy Industries by 157.6% in the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 383 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Advanced Energy Industries in the second quarter worth about $87,000. Finally, Principal Securities Inc. bought a new stake in Advanced Energy Industries in the fourth quarter worth about $87,000. 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.