Advanced Energy Industries (NASDAQ:AEIS) Given Buy Rating at Benchmark

Advanced Energy Industries (NASDAQ:AEIS)‘s stock had its “buy” rating reissued by equities researchers at Benchmark in a research report issued on Wednesday,Benzinga reports. They currently have a $125.00 target price on the electronics maker’s stock. Benchmark’s target price suggests a potential upside of 10.71% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a report on Thursday, October 31st. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective for the company. Susquehanna reduced their price target on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, October 11th. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Finally, Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $113.75.

Advanced Energy Industries Stock Up 1.9 %

Shares of NASDAQ:AEIS opened at $112.90 on Wednesday. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $107.54 and a 200 day simple moving average of $106.70. The firm has a market cap of $4.25 billion, a PE ratio of 99.04, a price-to-earnings-growth ratio of 6.60 and a beta of 1.48. Advanced Energy Industries has a 12-month low of $89.11 and a 12-month high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The business had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business’s revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share. On average, equities research analysts anticipate that Advanced Energy Industries will post 2.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Advanced Energy Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Huntington National Bank grew its stake in Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 208 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Advanced Energy Industries in the 3rd quarter valued at approximately $41,000. Meeder Asset Management Inc. grew its stake in shares of Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after buying an additional 186 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after buying an additional 383 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Advanced Energy Industries in the 2nd quarter valued at approximately $87,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

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.