Advanced Energy Industries (NASDAQ:AEIS) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a sell rating to a hold rating in a research note published on Monday.

AEIS has been the topic of several other reports. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday, October 31st. Robert W. Baird lowered their price target on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Benchmark reaffirmed a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Finally, TD Cowen dropped their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $112.75.

Advanced Energy Industries Trading Down 0.5 %

Advanced Energy Industries stock opened at $117.32 on Monday. The stock has a 50-day simple moving average of $104.54 and a 200 day simple moving average of $105.46. The stock has a market capitalization of $4.42 billion, a P/E ratio of 102.91, a PEG ratio of 6.49 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. Advanced Energy Industries has a 52 week low of $85.26 and a 52 week high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The company had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. During the same period in the previous year, the company posted $1.12 EPS. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. Analysts expect that Advanced Energy Industries will post 2.51 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 annualized dividend and a yield of 0.34%. Advanced Energy Industries’s dividend payout ratio is presently 35.09%.

Institutional Trading of Advanced Energy Industries

Several large investors have recently modified their holdings of AEIS. Quantbot Technologies LP bought a new stake in Advanced Energy Industries during the first quarter worth about $1,003,000. SG Americas Securities LLC acquired a new position in shares of Advanced Energy Industries in the 1st quarter valued at approximately $732,000. GSA Capital Partners LLP bought a new stake in shares of Advanced Energy Industries during the 1st quarter worth approximately $799,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Advanced Energy Industries by 14.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,578 shares of the electronics maker’s stock worth $4,036,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Atria Investments Inc bought a new position in Advanced Energy Industries in the first quarter valued at approximately $1,226,000. 99.67% of the stock is owned by institutional investors and hedge funds.

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.