Advanced Energy Industries, Inc. (NASDAQ:AEIS) Given Consensus Rating of “Hold” by Analysts

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $105.33.

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research note on Tuesday, June 25th. StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. Citigroup cut Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a research note on Monday, July 15th. Susquehanna lowered their target price on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Finally, Benchmark reaffirmed a “buy” rating and set a $117.00 price target on shares of Advanced Energy Industries in a research note on Thursday, May 2nd.

Institutional Investors Weigh In On Advanced Energy Industries

Several large investors have recently made changes to their positions in AEIS. Bank of New York Mellon Corp increased its holdings in shares of Advanced Energy Industries by 23.5% in the second 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. Tributary Capital Management LLC grew its position in shares of Advanced Energy Industries by 0.3% in the second quarter. Tributary Capital Management LLC now owns 188,170 shares of the electronics maker’s stock valued at $20,465,000 after purchasing an additional 566 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Advanced Energy Industries by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the electronics maker’s stock valued at $2,045,000 after purchasing an additional 300 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Advanced Energy Industries by 3.5% in the second quarter. Nisa Investment Advisors LLC now owns 6,252 shares of the electronics maker’s stock valued at $680,000 after purchasing an additional 212 shares during the last quarter. Finally, Raymond James & Associates grew its position in shares of Advanced Energy Industries by 10.8% in the second quarter. Raymond James & Associates now owns 24,180 shares of the electronics maker’s stock valued at $2,630,000 after purchasing an additional 2,355 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

Shares of NASDAQ:AEIS opened at $108.58 on Friday. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 39.92, a P/E/G ratio of 5.55 and a beta of 1.52. The firm’s 50 day simple moving average is $108.89 and its 200 day simple moving average is $103.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.40. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The firm had revenue of $327.50 million during the quarter, compared to analyst estimates of $351.74 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. The business’s revenue was down 22.9% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Energy Industries will post 2.33 earnings per share for the current year.

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.