Advanced Energy Industries, Inc. (NASDAQ:AEIS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $120.25.

A number of analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 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. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Finally, Susquehanna dropped their target price 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.

Insiders Place Their Bets

In related news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.87% of the company’s stock.

Institutional Trading of Advanced Energy Industries

A number of institutional investors have recently added to or reduced their stakes in AEIS. Lord Abbett & CO. LLC boosted its holdings in Advanced Energy Industries by 6.2% in the third quarter. Lord Abbett & CO. LLC now owns 403,679 shares of the electronics maker’s stock worth $42,483,000 after purchasing an additional 23,395 shares in the last quarter. Synovus Financial Corp raised its stake in shares of Advanced Energy Industries by 19.9% in the 3rd quarter. Synovus Financial Corp now owns 6,669 shares of the electronics maker’s stock valued at $702,000 after acquiring an additional 1,107 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Advanced Energy Industries by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock worth $93,094,000 after purchasing an additional 15,030 shares during the last quarter. Dean Investment Associates LLC lifted its holdings in Advanced Energy Industries by 123.5% in the 3rd quarter. Dean Investment Associates LLC now owns 35,817 shares of the electronics maker’s stock worth $3,769,000 after purchasing an additional 19,791 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in Advanced Energy Industries during the third quarter worth approximately $462,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Price Performance

Shares of NASDAQ:AEIS opened at $120.65 on Wednesday. Advanced Energy Industries has a 52 week low of $89.11 and a 52 week high of $124.02. The firm has a market capitalization of $4.55 billion, a P/E ratio of 105.83, a PEG ratio of 6.92 and a beta of 1.47. The firm’s 50 day moving average is $113.03 and its two-hundred day moving average is $108.21. 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 announced its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The company 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%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 EPS. Analysts anticipate that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Monday, November 25th. Advanced Energy Industries’s payout ratio is presently 35.09%.

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.