Advanced Energy Industries’ (AEIS) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research note released on Wednesday,Benzinga reports.

AEIS has been the subject of several other research reports. Robert W. Baird decreased their price target on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen cut their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price for the company. Benchmark reissued a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a research report on Wednesday. Finally, Wells Fargo & Company reduced their price objective on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.75.

Advanced Energy Industries Stock Up 2.4 %

Shares of NASDAQ AEIS opened at $115.19 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The company has a 50-day moving average price of $107.87 and a 200-day moving average price of $106.84. The stock has a market capitalization of $4.34 billion, a P/E ratio of 101.04, a P/E/G ratio of 6.61 and a beta of 1.48. Advanced Energy Industries has a 1 year low of $89.11 and a 1 year high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.07. The business had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 EPS. On average, equities research analysts forecast that Advanced Energy Industries will post 2.52 EPS for the current fiscal 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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is 35.09%.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AEIS. Janney Montgomery Scott LLC raised its stake in Advanced Energy Industries by 37.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,497 shares of the electronics maker’s stock valued at $357,000 after acquiring an additional 954 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Advanced Energy Industries by 56.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,820 shares of the electronics maker’s stock worth $1,648,000 after purchasing an additional 6,073 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Advanced Energy Industries by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after purchasing an additional 73,028 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Advanced Energy Industries by 8.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,050 shares of the electronics maker’s stock valued at $515,000 after buying an additional 377 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Advanced Energy Industries by 2.6% in the 1st quarter. Clearbridge Investments LLC now owns 99,119 shares of the electronics maker’s stock worth $10,108,000 after buying an additional 2,491 shares during the period. 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.