Advanced Energy Industries (NASDAQ:AEIS) PT Raised to $103.00

Advanced Energy Industries (NASDAQ:AEIS) had its price objective hoisted by analysts at Wells Fargo & Company from $97.00 to $103.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the electronics maker’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 12.12% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Susquehanna raised their price objective on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday. Benchmark reaffirmed a “buy” rating and set a $117.00 price target on shares of Advanced Energy Industries in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday. Citigroup lowered 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. Finally, StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Advanced Energy Industries has a consensus rating of “Hold” and a consensus price target of $110.14.

Advanced Energy Industries Trading Up 8.1 %

Advanced Energy Industries stock traded up $8.83 during trading on Wednesday, reaching $117.21. The company had a trading volume of 205,108 shares, compared to its average volume of 202,912. Advanced Energy Industries has a 12-month low of $81.86 and a 12-month high of $126.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.40 and a current ratio of 5.61. The stock’s 50 day moving average price is $109.03 and its two-hundred day moving average price is $103.54. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 42.91, a PEG ratio of 5.39 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The company had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. Advanced Energy Industries’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter last year, the business earned $0.95 EPS. As a group, equities analysts expect that Advanced Energy Industries will post 2.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AEIS. Hilltop National Bank raised its stake in Advanced Energy Industries by 13.4% during the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after acquiring an additional 116 shares during the period. Azzad Asset Management Inc. ADV raised its position in shares of Advanced Energy Industries by 1.7% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock worth $796,000 after purchasing an additional 124 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Advanced Energy Industries by 7.1% in the 4th quarter. Quadrant Capital Group LLC now owns 2,087 shares of the electronics maker’s stock worth $227,000 after purchasing an additional 138 shares during the last quarter. Parallel Advisors LLC boosted its position in Advanced Energy Industries by 78.2% during the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 154 shares during the period. Finally, Pitcairn Co. grew its stake in Advanced Energy Industries by 3.9% during the 1st quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock worth $449,000 after buying an additional 164 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

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.