Advanced Energy Industries (NASDAQ:AEIS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Advanced Energy Industries (NASDAQ:AEIS) had its target price hoisted by analysts at Wells Fargo & Company from $98.00 to $105.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the electronics maker’s stock. Wells Fargo & Company‘s target price would suggest a potential downside of 10.59% from the company’s previous close.

AEIS has been the subject of a number of other reports. Susquehanna cut their price objective 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. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Robert W. Baird reduced their price objective on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Benchmark restated a “buy” rating and set a $125.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.00.

Advanced Energy Industries Stock Up 2.4 %

Shares of AEIS stock opened at $117.43 on Friday. The company has a 50 day simple moving average of $111.00 and a two-hundred day simple moving average of $107.68. The stock has a market cap of $4.42 billion, a P/E ratio of 103.01, a P/E/G ratio of 6.96 and a beta of 1.47. Advanced Energy Industries has a 12 month low of $89.11 and a 12 month 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.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. The firm had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. Advanced Energy Industries’s revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 EPS. On average, research analysts expect that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares in the company, valued at $568,878.24. This trade represents a 16.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Advanced Energy Industries

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Advanced Energy Industries by 157.6% during the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 383 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Advanced Energy Industries by 3.8% in the 2nd quarter. QRG Capital Management Inc. now owns 8,267 shares of the electronics maker’s stock valued at $899,000 after acquiring an additional 304 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Advanced Energy Industries by 12.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,366 shares of the electronics maker’s stock valued at $257,000 after acquiring an additional 261 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Advanced Energy Industries by 16.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,305 shares of the electronics maker’s stock worth $686,000 after acquiring an additional 890 shares in the last quarter. Finally, Raymond James & Associates increased its stake in Advanced Energy Industries by 10.8% during the second quarter. Raymond James & Associates now owns 24,180 shares of the electronics maker’s stock worth $2,630,000 after acquiring an additional 2,355 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

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.