Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $126.56.

A number of equities analysts have recently weighed in on AEIS shares. Needham & Company LLC reiterated a “buy” rating and set a $145.00 price target on shares of Advanced Energy Industries in a report on Thursday, February 13th. Robert W. Baird lowered their target price on shares of Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a research note on Thursday, February 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 on the stock in a research note on Monday, December 16th. Stifel Nicolaus increased their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company cut their target price on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th.

Insider Activity

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the sale, the chief operating officer now directly owns 19,822 shares of the company’s stock, valued at approximately $2,212,333.42. This represents a 49.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lanesha Minnix sold 1,600 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now owns 3,492 shares in the company, valued at $451,760.04. The trade was a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Institutional Trading of Advanced Energy Industries

A number of institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its stake in shares of Advanced Energy Industries by 1.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock worth $579,000 after acquiring an additional 85 shares during the period. Integrated Investment Consultants LLC increased its holdings in shares of Advanced Energy Industries by 2.2% in the 4th quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker’s stock valued at $531,000 after purchasing an additional 100 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Advanced Energy Industries by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock valued at $1,132,000 after purchasing an additional 102 shares in the last quarter. Heritage Family Offices LLP lifted its stake in shares of Advanced Energy Industries by 6.1% in the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker’s stock valued at $233,000 after purchasing an additional 116 shares during the period. Finally, Summit Investment Advisors Inc. boosted its holdings in Advanced Energy Industries by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,916 shares of the electronics maker’s stock worth $453,000 after buying an additional 124 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock opened at $100.02 on Friday. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3.79 billion, a P/E ratio of 69.94, a PEG ratio of 1.39 and a beta of 1.43. The company has a 50-day moving average price of $114.33 and a 200 day moving average price of $112.25. Advanced Energy Industries has a 12-month low of $89.12 and a 12-month high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. Sell-side analysts anticipate that Advanced Energy Industries will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries’s dividend payout ratio is currently 27.97%.

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.