Needham & Company LLC Reiterates Buy Rating for Advanced Energy Industries (NASDAQ:AEIS)

Advanced Energy Industries (NASDAQ:AEIS)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports. They currently have a $145.00 price objective on the electronics maker’s stock. Needham & Company LLC’s price objective suggests a potential upside of 21.18% from the stock’s current price.

AEIS has been the topic of a number of other research reports. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and increased their price target for the stock from $110.00 to $138.00 in a report on Monday, January 6th. 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 report on Thursday, October 31st. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a report on Monday, December 16th. Finally, Susquehanna decreased their target price on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.89.

Advanced Energy Industries Trading Down 1.2 %

NASDAQ:AEIS opened at $119.66 on Wednesday. The company has a market cap of $4.51 billion, a P/E ratio of 104.97, a P/E/G ratio of 3.77 and a beta of 1.46. Advanced Energy Industries has a 1 year low of $89.11 and a 1 year high of $128.70. 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 stock’s fifty day moving average price is $116.35 and its two-hundred day moving average price is $109.57.

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

Insiders Place Their Bets

In related news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Investment Consultants LLC lifted its position in Advanced Energy Industries by 2.2% in the 4th quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker’s stock valued at $531,000 after acquiring an additional 100 shares in the last quarter. Heritage Family Offices LLP raised its stake in shares of Advanced Energy Industries by 6.1% in the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker’s stock worth $233,000 after purchasing an additional 116 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Advanced Energy Industries by 17.7% during the 4th quarter. Park Avenue Securities LLC now owns 3,853 shares of the electronics maker’s stock valued at $446,000 after acquiring an additional 580 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Advanced Energy Industries by 22.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,065 shares of the electronics maker’s stock valued at $323,000 after purchasing an additional 569 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Advanced Energy Industries by 30.1% during the fourth quarter. GAMMA Investing LLC now owns 1,231 shares of the electronics maker’s stock valued at $142,000 after purchasing an additional 285 shares during the period. Institutional investors 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.