Advanced Energy Industries (NASDAQ:AEIS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Advanced Energy Industries (NASDAQ:AEIS) had its price target raised by equities researchers at Wells Fargo & Company from $105.00 to $115.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the electronics maker’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 2.60% from the stock’s current price.

A number of other research firms also recently issued reports on AEIS. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Robert W. Baird lifted their price target on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Monday, December 16th. Needham & Company LLC upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Tuesday, January 7th. Finally, Susquehanna decreased their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Energy Industries presently has an average rating of “Moderate Buy” and a consensus target price of $126.89.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS opened at $118.07 on Monday. Advanced Energy Industries has a 12 month low of $89.11 and a 12 month high of $128.70. The company has a market capitalization of $4.45 billion, a P/E ratio of 103.57, a P/E/G ratio of 6.92 and a beta of 1.46. The stock has a 50 day moving average of $116.15 and a 200-day moving average of $109.42. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48.

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

Insider Buying and Selling

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 value of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc boosted its position in shares of Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 182 shares in the last quarter. Huntington National Bank increased its position in Advanced Energy Industries by 200.0% in the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 208 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Advanced Energy Industries during the third quarter worth approximately $41,000. Meeder Asset Management Inc. lifted its stake in shares of Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 186 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Advanced Energy Industries in the second quarter valued at about $87,000. 99.67% of the stock is 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.