Advanced Energy Industries (NASDAQ:AEIS) Receives Buy Rating from Needham & Company LLC

Advanced Energy Industries (NASDAQ:AEIS)‘s stock had its “buy” rating restated by investment analysts at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports. They currently have a $145.00 target price on the electronics maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 22.81% from the stock’s previous close.

AEIS has been the topic of several other reports. Wells Fargo & Company raised their price target on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday. Benchmark restated a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Susquehanna cut their price objective on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. TD Cowen cut 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 report on Thursday, October 31st. Finally, Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.89.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $118.07 on Wednesday. The company’s 50-day moving average price is $116.15 and its 200-day moving average price is $109.42. 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 company has a market cap of $4.45 billion, a P/E ratio of 103.57, a P/E/G ratio of 6.92 and a beta of 1.46. Advanced Energy Industries has a twelve month low of $89.11 and a twelve month high of $128.70.

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

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the sale, the director now directly owns 5,092 shares in the company, valued at $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Stifel Financial Corp grew its holdings in shares of Advanced Energy Industries by 1.0% in the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock valued at $1,132,000 after purchasing an additional 102 shares in the last quarter. Heritage Family Offices LLP grew its holdings in shares of Advanced Energy Industries by 6.1% in the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker’s stock valued at $233,000 after purchasing an additional 116 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Advanced Energy Industries by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock valued at $263,000 after purchasing an additional 130 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Advanced Energy Industries by 535.3% in the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 182 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of Advanced Energy Industries by 68.4% in 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. Institutional investors and hedge funds own 99.67% of the company’s stock.

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.