Advanced Energy Industries (NASDAQ:AEIS) Stock Rating Upgraded by StockNews.com

Advanced Energy Industries (NASDAQ:AEIS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

AEIS has been the topic of several other reports. Wells Fargo & Company cut their price objective on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. TD Cowen cut their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They set a “buy” rating and a $135.00 price objective on the stock. Citigroup downgraded shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a research note on Monday, July 15th. Finally, Susquehanna lowered their target price on shares of 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. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $112.75.

Advanced Energy Industries Stock Performance

Shares of NASDAQ:AEIS opened at $111.39 on Monday. The firm has a market cap of $4.20 billion, a PE ratio of 97.71, a price-to-earnings-growth ratio of 6.46 and a beta of 1.48. The firm’s 50 day simple moving average is $104.06 and its 200-day simple moving average is $105.14. Advanced Energy Industries has a one year low of $85.26 and a one year high of $119.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The business had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period last year, the company posted $1.12 earnings per share. As a group, equities analysts predict that Advanced Energy Industries will post 2.51 EPS for the current year.

Institutional Investors Weigh In On Advanced Energy Industries

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Advanced Energy Industries by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock worth $463,335,000 after buying an additional 73,028 shares during the period. Earnest Partners LLC lifted its stake in shares of Advanced Energy Industries by 13.5% during the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after buying an additional 199,578 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Advanced Energy Industries by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock worth $103,428,000 after buying an additional 15,577 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Advanced Energy Industries by 22.4% during the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after buying an additional 118,328 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Advanced Energy Industries by 23.5% during the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after buying an additional 102,659 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.