Advanced Energy Industries, Inc. (NASDAQ:AEIS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $125.78.

Several brokerages have recently commented on AEIS. Robert W. Baird boosted their target price on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Wells Fargo & Company boosted their price objective on Advanced Energy Industries from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Susquehanna reduced their price target on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, 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 report on Thursday, October 31st.

Insider Buying and Selling at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of the 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 directly owns 5,092 shares in the company, valued at $568,878.24. This trade represents a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Advanced Energy Industries

Large investors have recently bought and sold shares of the company. Caprock Group LLC acquired a new stake in shares of Advanced Energy Industries during the second quarter worth about $235,000. Federated Hermes Inc. increased its stake in Advanced Energy Industries by 3.0% during the 2nd quarter. Federated Hermes Inc. now owns 36,494 shares of the electronics maker’s stock worth $3,969,000 after purchasing an additional 1,050 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Advanced Energy Industries by 36.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,699 shares of the electronics maker’s stock worth $4,209,000 after buying an additional 10,243 shares during the period. Envestnet Asset Management Inc. lifted its stake in Advanced Energy Industries by 8.0% in the second quarter. Envestnet Asset Management Inc. now owns 209,522 shares of the electronics maker’s stock valued at $22,788,000 after buying an additional 15,590 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Advanced Energy Industries by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 514,424 shares of the electronics maker’s stock valued at $55,949,000 after buying an additional 13,967 shares during the period. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Stock Down 0.3 %

AEIS opened at $118.36 on Friday. Advanced Energy Industries has a fifty-two week low of $89.11 and a fifty-two week high of $128.70. The company has a market capitalization of $4.46 billion, a P/E ratio of 103.83, a P/E/G ratio of 6.92 and a beta of 1.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The firm’s fifty day moving average price is $116.01 and its two-hundred day moving average price is $109.34.

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

Advanced Energy Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.10 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.40 annualized dividend and a yield of 0.34%. Advanced Energy Industries’s dividend payout ratio is currently 35.09%.

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.