Advanced Energy Industries, Inc. (NASDAQ:AEIS) Given Average Recommendation of “Hold” by Brokerages

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been given a consensus rating of “Hold” by the eleven ratings firms that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $113.75.

A number of analysts recently commented on AEIS shares. Wells Fargo & Company lowered their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Susquehanna lowered their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Stifel Nicolaus initiated coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective for the company. TD Cowen reduced their target price 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, StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th.

Advanced Energy Industries Stock Up 2.4 %

Shares of NASDAQ AEIS opened at $115.19 on Friday. The stock has a market cap of $4.34 billion, a PE ratio of 101.04, a PEG ratio of 6.60 and a beta of 1.48. The business has a fifty day moving average of $107.87 and a two-hundred day moving average of $106.80. Advanced Energy Industries has a 52-week low of $89.11 and a 52-week high of $120.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, beating 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 company had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. During the same period last year, the company posted $1.12 earnings per share. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Energy Industries will post 2.5 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 35.09%.

Insider Activity

In other news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction dated 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 $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Energy Industries

Several institutional investors have recently bought and sold shares of AEIS. Earnest Partners LLC lifted its stake in 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 acquiring an additional 199,578 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in 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 acquiring an additional 118,328 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Advanced Energy Industries in the 3rd quarter valued at approximately $12,306,000. Bank of New York Mellon Corp lifted its stake in 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 acquiring an additional 102,659 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in 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 acquiring an additional 73,028 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

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.