Stifel Nicolaus Raises Advanced Energy Industries (NASDAQ:AEIS) Price Target to $135.00

Advanced Energy Industries (NASDAQ:AEIS) had its price target increased by equities research analysts at Stifel Nicolaus from $130.00 to $135.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 8.63% from the stock’s previous close.

Several other research analysts also recently issued reports on the company. Benchmark restated a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. TD Cowen lowered their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company upped their price target on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Monday, December 16th. Finally, StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Energy Industries has an average rating of “Moderate Buy” and a consensus target price of $126.56.

Advanced Energy Industries Price Performance

Shares of NASDAQ:AEIS opened at $124.27 on Thursday. The business’s 50 day simple moving average is $117.43 and its 200-day simple moving average is $110.60. The firm has a market capitalization 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.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. As a group, equities analysts forecast that Advanced Energy Industries will post 2.52 earnings per share for the current fiscal year.

Insider Buying and Selling

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 shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the sale, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Advanced Energy Industries

Large investors have recently made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH raised its holdings in Advanced Energy Industries by 10.2% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker’s stock worth $16,137,000 after purchasing an additional 12,860 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in Advanced Energy Industries by 3.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker’s stock valued at $19,244,000 after purchasing an additional 6,217 shares during the period. Principal Financial Group Inc. raised its stake in Advanced Energy Industries by 12.4% during the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock valued at $50,920,000 after purchasing an additional 53,566 shares during the period. MQS Management LLC acquired a new stake in Advanced Energy Industries during the 3rd quarter valued at $664,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Advanced Energy Industries during the 3rd quarter valued at $12,306,000. 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.