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

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $126.89.

A number of research analysts have commented on AEIS shares. Susquehanna reduced their price target on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Robert W. Baird upped their price target on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. TD Cowen decreased their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company raised their price target on Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th.

Advanced Energy Industries Price Performance

AEIS opened at $113.94 on Thursday. 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 stock has a market capitalization of $4.29 billion, a P/E ratio of 99.95, a PEG ratio of 3.66 and a beta of 1.45. The stock has a 50-day moving average price of $117.61 and a 200-day moving average price of $110.37. Advanced Energy Industries has a 12-month low of $89.11 and a 12-month high of $130.50.

Insider Buying and Selling at Advanced Energy Industries

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 shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now directly owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Advanced Energy Industries

Several hedge funds and other institutional investors have recently modified their holdings of AEIS. Nisa Investment Advisors LLC lifted its holdings in Advanced Energy Industries by 1.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock worth $579,000 after buying an additional 85 shares during the period. Integrated Investment Consultants LLC raised its position in shares of Advanced Energy Industries by 2.2% in the 4th quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker’s stock worth $531,000 after acquiring an additional 100 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Advanced Energy Industries by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock valued at $1,132,000 after purchasing an additional 102 shares during the period. Heritage Family Offices LLP boosted its position in shares of Advanced Energy Industries by 6.1% during the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker’s stock valued at $233,000 after purchasing an additional 116 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Advanced Energy Industries by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after purchasing an additional 130 shares during the period. 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.