Advanced Energy Industries, Inc. (NASDAQ:AEIS) Given Average Recommendation of “Moderate Buy” by Analysts

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $120.25.

A number of analysts have weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Monday, December 16th. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Robert W. Baird raised their price objective on Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Susquehanna lowered their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, October 11th.

Insider Transactions 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 stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now owns 5,092 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of Advanced Energy Industries

Hedge funds have recently modified their holdings of the company. Huntington National Bank raised its stake in shares of Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 208 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Advanced Energy Industries during the third quarter worth $41,000. Meeder Asset Management Inc. boosted its position in shares of Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 186 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Advanced Energy Industries during the 2nd quarter worth $87,000. Finally, Blue Trust Inc. grew its stake in Advanced Energy Industries by 2,150.0% during the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock worth $88,000 after buying an additional 774 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Trading Up 2.3 %

Shares of AEIS opened at $116.15 on Wednesday. The company’s fifty day simple moving average is $113.66 and its 200-day simple moving average is $108.47. The company has a market cap of $4.38 billion, a P/E ratio of 101.89, a P/E/G ratio of 6.92 and a beta of 1.47. 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 has a twelve month low of $89.11 and a twelve month high of $124.48.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data 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 business had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. During the same quarter last year, the firm earned $1.12 earnings per share. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. As a group, analysts expect that Advanced Energy Industries will post 2.52 EPS for the current year.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. Advanced Energy Industries’s dividend payout ratio is presently 35.09%.

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.