Wells Fargo & Company Has Lowered Expectations for Advanced Energy Industries (NASDAQ:AEIS) Stock Price

Advanced Energy Industries (NASDAQ:AEIS) had its price target lowered by stock analysts at Wells Fargo & Company from $115.00 to $110.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the electronics maker’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 11.48% from the stock’s previous close.

Several other brokerages have also recently commented on AEIS. Robert W. Baird dropped their price target on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a research report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $145.00 target price on shares of Advanced Energy Industries in a research note on Thursday. Stifel Nicolaus increased their price target on Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Finally, Benchmark reiterated a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $126.56.

Advanced Energy Industries Stock Up 0.6 %

NASDAQ:AEIS opened at $124.27 on Thursday. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $117.43 and a 200-day simple moving average of $110.60. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 109.01, a price-to-earnings-growth ratio of 3.60 and a beta of 1.45. Advanced Energy Industries has a twelve month low of $89.11 and a twelve month high of $130.50.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. Analysts anticipate that Advanced Energy Industries will post 2.52 EPS for the current year.

Insider Activity

In other news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Advanced Energy Industries

A number of institutional investors have recently bought and sold shares of AEIS. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Advanced Energy Industries by 10.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker’s stock worth $16,137,000 after purchasing an additional 12,860 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of Advanced Energy Industries by 3.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker’s stock worth $19,244,000 after acquiring an additional 6,217 shares in the last quarter. Principal Financial Group Inc. raised its position in Advanced Energy Industries by 12.4% in the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after purchasing an additional 53,566 shares during the last quarter. MQS Management LLC bought a new position in Advanced Energy Industries in the 3rd quarter worth approximately $664,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Advanced Energy Industries in the 3rd quarter worth approximately $12,306,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

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.