Benchmark Reaffirms Buy Rating for Advanced Energy Industries (NASDAQ:AEIS)

Advanced Energy Industries (NASDAQ:AEIS)‘s stock had its “buy” rating reissued by investment analysts at Benchmark in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $125.00 price objective on the electronics maker’s stock. Benchmark’s price target indicates a potential upside of 10.71% from the company’s previous close.

Several other research firms have also commented on AEIS. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a report on Thursday, October 31st. Wells Fargo & Company decreased their target price on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Robert W. Baird decreased their target price on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Eight analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $113.75.

Advanced Energy Industries Stock Up 1.9 %

NASDAQ:AEIS opened at $112.90 on Wednesday. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $107.54 and its two-hundred day moving average is $106.70. Advanced Energy Industries has a 52 week low of $89.11 and a 52 week high of $120.81. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 99.04, a price-to-earnings-growth ratio of 6.60 and a beta of 1.48.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly 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. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The company had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm’s revenue was down 8.7% compared to the same quarter last year. Research analysts anticipate that Advanced Energy Industries will post 2.5 EPS for the current year.

Insider Buying and Selling at Advanced Energy Industries

In other 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 transaction of $111,720.00. Following the completion of the transaction, the director now directly owns 5,092 shares of the company’s stock, valued at $568,878.24. This trade represents a 16.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Advanced Energy Industries

Several institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its holdings in shares of Advanced Energy Industries by 37.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,497 shares of the electronics maker’s stock valued at $357,000 after purchasing an additional 954 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Advanced Energy Industries by 56.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 16,820 shares of the electronics maker’s stock valued at $1,648,000 after buying an additional 6,073 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Advanced Energy Industries by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock worth $463,335,000 after acquiring an additional 73,028 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Advanced Energy Industries by 8.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,050 shares of the electronics maker’s stock valued at $515,000 after acquiring an additional 377 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in Advanced Energy Industries by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 99,119 shares of the electronics maker’s stock worth $10,108,000 after purchasing an additional 2,491 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.