Advanced Energy Industries (NASDAQ:AEIS) Rating Increased to Buy at Bank of America

Bank of America upgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a neutral rating to a buy rating in a research report report published on Monday morning, Marketbeat reports. They currently have $140.00 target price on the electronics maker’s stock.

Several other equities research analysts have also weighed in on AEIS. Wells Fargo & Company upped their price objective on Advanced Energy Industries from $98.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Benchmark reaffirmed a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Finally, Robert W. Baird increased their price target on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.25.

Advanced Energy Industries Trading Up 4.7 %

Shares of NASDAQ:AEIS opened at $122.72 on Monday. The company has a market cap of $4.62 billion, a P/E ratio of 107.65, a P/E/G ratio of 6.92 and a beta of 1.47. The stock’s 50-day moving average is $112.73 and its 200-day moving average is $108.12. 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 has a 52-week low of $89.11 and a 52-week high of $124.02.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. During the same period last year, the business posted $1.12 EPS. The business’s quarterly revenue was down 8.7% on a year-over-year basis. Equities research analysts predict that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Monday, November 25th. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 35.09%.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Energy Industries

Institutional investors have recently bought and sold shares of the business. Earnest Partners LLC boosted its position in 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 purchasing an additional 199,578 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Advanced Energy Industries by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock worth $103,428,000 after acquiring an additional 15,577 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Advanced Energy Industries by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock valued at $93,094,000 after purchasing an additional 15,030 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after acquiring an additional 118,328 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Advanced Energy Industries by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock valued at $58,754,000 after purchasing an additional 102,659 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

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.