Advanced Energy Industries (NASDAQ:AEIS) Reaches New 12-Month High – Should You Buy?

Advanced Energy Industries, Inc. (NASDAQ:AEIS) shares reached a new 52-week high on Tuesday . The company traded as high as $128.70 and last traded at $127.47, with a volume of 52518 shares traded. The stock had previously closed at $121.24.

Analyst Ratings Changes

AEIS has been the subject of several analyst reports. Benchmark restated a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Susquehanna decreased their price target on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Robert W. Baird lifted their price objective on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, TD Cowen decreased 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 research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $125.78.

Advanced Energy Industries Stock Up 4.0 %

The stock’s fifty day moving average price is $115.13 and its 200 day moving average price is $109.02. The stock has a market cap of $4.75 billion, a P/E ratio of 110.63, a price-to-earnings-growth ratio of 6.92 and a beta of 1.46. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48.

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

Advanced Energy Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date was Monday, November 25th. Advanced Energy Industries’s payout ratio is currently 35.09%.

Insiders Place Their Bets

In other news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the sale, the director now directly owns 5,092 shares of the company’s stock, 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 through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Advanced Energy Industries

A number of institutional investors have recently made changes to their positions in AEIS. Stifel Financial Corp increased its holdings in Advanced Energy Industries by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock worth $1,132,000 after buying an additional 102 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Advanced Energy Industries by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after acquiring an additional 130 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Advanced Energy Industries by 535.3% in the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 182 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Advanced Energy Industries by 68.4% during the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 186 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in Advanced Energy Industries by 2.0% during the second quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock valued at $1,136,000 after purchasing an additional 203 shares during the period. Hedge funds and other institutional investors 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.