Needham & Company LLC Reiterates Hold Rating for Advanced Energy Industries (NASDAQ:AEIS)

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

Several other equities research analysts also recently commented on the stock. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Susquehanna dropped 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. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price target on the stock. Finally, Robert W. Baird dropped their price target on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $113.75.

Advanced Energy Industries Trading Up 1.9 %

AEIS opened at $112.90 on Wednesday. The company’s 50 day moving average is $107.54 and its 200-day moving average is $106.70. Advanced Energy Industries has a 1-year low of $89.11 and a 1-year high of $120.81. 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 company has a market cap of $4.25 billion, a P/E ratio of 99.04, a PEG ratio of 6.60 and a beta of 1.48.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. During the same period last year, the company earned $1.12 EPS. The firm’s revenue was down 8.7% compared to the same quarter last year. Equities research analysts predict that Advanced Energy Industries will post 2.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries 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 $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advanced Energy Industries

A number of hedge funds have recently bought and sold shares of the company. Stifel Financial Corp boosted its holdings in Advanced Energy Industries by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock worth $1,132,000 after acquiring an additional 102 shares during the last quarter. 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 worth $107,000 after buying an additional 116 shares during 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 worth $796,000 after buying an additional 124 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Advanced Energy Industries by 5.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after buying an additional 130 shares during the last quarter. Finally, Pitcairn Co. lifted its holdings in Advanced Energy Industries by 3.9% during the first quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock valued at $449,000 after purchasing an additional 164 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

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.