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

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $114.33.

Several brokerages have recently weighed in on AEIS. TD Cowen increased their target price on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Wells Fargo & Company reduced their price target on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Thursday. StockNews.com downgraded shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Finally, Susquehanna raised their price target on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Hilltop National Bank boosted its holdings in shares of Advanced Energy Industries by 13.4% in the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after buying an additional 116 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in shares of Advanced Energy Industries by 1.7% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock valued at $796,000 after buying an additional 124 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Advanced Energy Industries by 78.2% in the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after buying an additional 154 shares in the last quarter. Pitcairn Co. boosted its holdings in shares of Advanced Energy Industries by 3.9% in the 1st quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock valued at $449,000 after buying an additional 164 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Advanced Energy Industries by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock valued at $1,136,000 after buying an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Trading Up 1.2 %

Shares of AEIS opened at $102.94 on Friday. Advanced Energy Industries has a twelve month low of $81.86 and a twelve month high of $119.75. The company has a market cap of $3.85 billion, a P/E ratio of 37.85, a P/E/G ratio of 5.12 and a beta of 1.49. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $102.87 and its 200-day simple moving average is $103.41.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The business had revenue of $364.95 million for the quarter, compared to the consensus estimate of $350.06 million. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. As a group, analysts expect that Advanced Energy Industries will post 2.47 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Monday, August 26th. Advanced Energy Industries’s dividend payout ratio (DPR) is 14.71%.

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.