Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $125.78.

Several equities research analysts have issued reports on AEIS shares. Wells Fargo & Company lifted their price target on shares of Advanced Energy Industries from $98.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. TD Cowen lowered their target price on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Robert W. Baird upped their price objective on Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th.

Advanced Energy Industries Stock Down 0.3 %

AEIS stock opened at $118.36 on Friday. 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 stock has a market capitalization of $4.46 billion, a P/E ratio of 103.83, a P/E/G ratio of 6.92 and a beta of 1.46. Advanced Energy Industries has a fifty-two week low of $89.11 and a fifty-two week high of $128.70. The business has a 50-day moving average of $116.01 and a 200-day moving average of $109.34.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. During the same quarter in the prior year, the firm posted $1.12 EPS. The business’s revenue was down 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that Advanced Energy Industries will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEIS. Oppenheimer Asset Management Inc. raised its position in shares of Advanced Energy Industries by 36.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,699 shares of the electronics maker’s stock valued at $4,209,000 after buying an additional 10,243 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Advanced Energy Industries by 22.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after acquiring an additional 118,328 shares during the period. Public Sector Pension Investment Board raised its holdings in Advanced Energy Industries by 7.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 82,345 shares of the electronics maker’s stock valued at $8,956,000 after acquiring an additional 5,930 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after acquiring an additional 199,578 shares during the period. Finally, Pinnacle Associates Ltd. lifted its position in shares of Advanced Energy Industries by 3.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker’s stock valued at $19,244,000 after acquiring an additional 6,217 shares during the period. 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.