Advanced Energy Industries (NASDAQ:AEIS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a sell rating to a hold rating in a report published on Thursday.

Several other brokerages also recently weighed in on AEIS. Benchmark restated a buy rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Susquehanna increased their target price on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a neutral rating in a report on Wednesday, July 31st. Citigroup lowered shares of Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 price target on the stock. in a report on Monday, July 15th. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a research report on Thursday, August 15th. They set a buy rating and a $135.00 price objective for the company. Finally, Wells Fargo & Company raised their target price on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the company an equal weight rating in a research report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Energy Industries presently has a consensus rating of Hold and an average target price of $113.25.

Advanced Energy Industries Trading Up 2.7 %

AEIS opened at $98.63 on Thursday. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 36.26, a P/E/G ratio of 4.88 and a beta of 1.50. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. Advanced Energy Industries has a twelve month low of $81.86 and a twelve month high of $119.75. The company has a 50-day simple moving average of $105.69 and a 200 day simple moving average of $103.38.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.14. The business 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 6.00% and a return on equity of 10.43%. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. Analysts predict that Advanced Energy Industries will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were paid a $0.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. Advanced Energy Industries’s dividend payout ratio is 14.71%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Rise Advisors LLC bought a new stake in shares of Advanced Energy Industries in the 1st quarter valued at about $25,000. Parallel Advisors LLC boosted its holdings in Advanced Energy Industries by 78.2% in the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 154 shares during the last quarter. GAMMA Investing LLC increased its position in Advanced Energy Industries by 157.6% during the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 383 shares during the period. Canada Pension Plan Investment Board bought a new position in Advanced Energy Industries during the 2nd quarter worth approximately $87,000. Finally, Principal Securities Inc. acquired a new position in shares of Advanced Energy Industries in the 4th quarter worth approximately $87,000. 99.67% of the stock is owned by institutional investors.

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.