Brokerages Set Advanced Energy Industries, Inc. (NASDAQ:AEIS) Price Target at $126.89

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $126.89.

Several research firms have recently commented on AEIS. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 target price on shares of Advanced Energy Industries in a report on Wednesday, January 15th. Benchmark reaffirmed a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised their target price for the company from $110.00 to $138.00 in a research note on Monday, January 6th. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Finally, TD Cowen reduced their target price 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.

Advanced Energy Industries Trading Up 1.0 %

Advanced Energy Industries stock opened at $112.83 on Thursday. Advanced Energy Industries has a 1 year low of $89.11 and a 1 year high of $130.50. The firm’s 50-day moving average is $117.40 and its 200-day moving average is $110.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The company has a market cap of $4.25 billion, a P/E ratio of 98.97, a PEG ratio of 3.60 and a beta of 1.45.

Insider Activity at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, 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 ownership of the stock. The transaction 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.

Hedge Funds Weigh In On Advanced Energy Industries

Several large investors have recently made changes to their positions in AEIS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Advanced Energy Industries in the 3rd quarter worth approximately $12,306,000. Raymond James Financial Inc. bought a new position in shares of Advanced Energy Industries in the fourth quarter valued at $9,864,000. Wealthfront Advisers LLC acquired a new stake in shares of Advanced Energy Industries during the 4th quarter valued at $8,002,000. Principal Financial Group Inc. boosted its stake in shares of Advanced Energy Industries by 12.4% during the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after acquiring an additional 53,566 shares in the last quarter. Finally, Sora Investors LLC bought a new stake in shares of Advanced Energy Industries during the 3rd quarter worth $4,736,000. 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.