Robert W. Baird Lowers Advanced Energy Industries (NASDAQ:AEIS) Price Target to $136.00

Advanced Energy Industries (NASDAQ:AEIS) had its price target reduced by Robert W. Baird from $138.00 to $136.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the electronics maker’s stock. Robert W. Baird’s price objective points to a potential upside of 9.44% from the stock’s current price.

A number of other brokerages have also weighed in on AEIS. Wells Fargo & Company raised their price objective on Advanced Energy Industries from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Monday, December 16th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, January 15th. Benchmark reiterated a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Finally, TD Cowen decreased their target price on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.56.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $124.27 on Thursday. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 109.01, a price-to-earnings-growth ratio of 3.60 and a beta of 1.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. Advanced Energy Industries has a 12 month low of $89.11 and a 12 month high of $130.50. The stock’s 50-day moving average is $117.43 and its 200-day moving average is $110.60.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. Equities analysts anticipate that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction 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 approximately $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AEIS. Sanctuary Advisors LLC acquired a new position in Advanced Energy Industries during the 2nd quarter worth $250,000. Inspire Investing LLC boosted its position in Advanced Energy Industries by 20.9% during the 3rd quarter. Inspire Investing LLC now owns 3,905 shares of the electronics maker’s stock worth $411,000 after acquiring an additional 674 shares during the period. Compass Wealth Management LLC boosted its position in Advanced Energy Industries by 2.6% during the 3rd quarter. Compass Wealth Management LLC now owns 68,593 shares of the electronics maker’s stock worth $7,219,000 after acquiring an additional 1,730 shares during the period. Blue Trust Inc. boosted its position in Advanced Energy Industries by 2,150.0% during the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock worth $88,000 after acquiring an additional 774 shares during the period. Finally, Raymond James & Associates boosted its position in Advanced Energy Industries by 2.4% during the 3rd quarter. Raymond James & Associates now owns 24,763 shares of the electronics maker’s stock worth $2,606,000 after acquiring an additional 583 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

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.