Advanced Energy Industries (NASDAQ:AEIS) Price Target Lowered to $136.00 at Robert W. Baird

Advanced Energy Industries (NASDAQ:AEIS) had its target price decreased by Robert W. Baird from $138.00 to $136.00 in a report published on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the electronics maker’s stock.

A number of other research firms have also commented on AEIS. TD Cowen reduced their target price on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, January 15th. Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Monday, December 16th. Finally, 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. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Advanced Energy Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.56.

Advanced Energy Industries Stock Performance

Shares of AEIS stock opened at $123.49 on Thursday. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 108.33, a price-to-earnings-growth ratio of 3.60 and a beta of 1.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. Advanced Energy Industries has a one year low of $89.11 and a one year high of $130.50. The company’s 50-day moving average is $117.29 and its 200 day moving average is $110.50.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. Sell-side analysts expect that Advanced Energy Industries will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, February 24th. This represents a $0.40 annualized dividend and a yield of 0.32%. Advanced Energy Industries’s dividend payout ratio (DPR) is 35.09%.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the business’s 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 completion of the sale, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Dean Investment Associates LLC increased its holdings in Advanced Energy Industries by 47.6% in the 4th quarter. Dean Investment Associates LLC now owns 52,874 shares of the electronics maker’s stock worth $6,114,000 after acquiring an additional 17,057 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Advanced Energy Industries by 412.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 4,100 shares of the electronics maker’s stock worth $474,000 after purchasing an additional 3,300 shares during the period. PEAK6 LLC purchased a new stake in shares of Advanced Energy Industries in the fourth quarter worth $476,000. Ameritas Investment Partners Inc. raised its position in shares of Advanced Energy Industries by 3.3% during the 4th quarter. Ameritas Investment Partners Inc. now owns 3,916 shares of the electronics maker’s stock valued at $453,000 after purchasing an additional 124 shares during the period. Finally, Synovus Financial Corp lifted its stake in shares of Advanced Energy Industries by 10.2% during the 4th quarter. Synovus Financial Corp now owns 7,351 shares of the electronics maker’s stock valued at $850,000 after buying an additional 682 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other 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.