Advanced Energy Industries (NASDAQ:AEIS) Earns “Hold” Rating from Needham & Company LLC

Advanced Energy Industries (NASDAQ:AEIS)‘s stock had its “hold” rating reaffirmed by Needham & Company LLC in a note issued to investors on Thursday, Benzinga reports.

A number of other research analysts have also recently commented on AEIS. StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. TD Cowen dropped their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday. Benchmark reiterated a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Susquehanna dropped their price target on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Finally, Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $112.75.

Advanced Energy Industries Stock Up 1.0 %

NASDAQ AEIS opened at $109.57 on Thursday. The business has a fifty day moving average price of $104.05 and a two-hundred day moving average price of $104.84. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. Advanced Energy Industries has a fifty-two week low of $85.26 and a fifty-two week high of $119.75. The stock has a market capitalization of $4.13 billion, a PE ratio of 96.11, a PEG ratio of 5.45 and a beta of 1.49.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 9.05% and a net margin of 2.91%. The company had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. During the same period in the prior year, the company earned $0.95 EPS. Advanced Energy Industries’s revenue was down 12.2% compared to the same quarter last year. Equities analysts expect that Advanced Energy Industries will post 2.47 earnings per share for the current fiscal year.

Institutional Trading of Advanced Energy Industries

Several large investors have recently made changes to their positions in AEIS. Earnest Partners LLC grew its stake in shares of Advanced Energy Industries by 13.5% in the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after buying an additional 199,578 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Advanced Energy Industries by 22.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after buying an additional 118,328 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Advanced Energy Industries by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock valued at $58,754,000 after buying an additional 102,659 shares during the period. Vanguard Group Inc. grew its stake in shares of Advanced Energy Industries by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after buying an additional 73,028 shares during the period. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Advanced Energy Industries in the 2nd quarter valued at about $6,873,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.