Advanced Energy Industries (NASDAQ:AEIS) Upgraded by Citigroup to “Buy” Rating

Advanced Energy Industries (NASDAQ:AEIS) was upgraded by analysts at Citigroup from a “neutral” rating to a “buy” rating in a report issued on Monday, MarketBeat.com reports. The firm presently has a $138.00 target price on the electronics maker’s stock, up from their previous target price of $110.00. Citigroup’s price target indicates a potential upside of 10.20% from the company’s current price.

Several other equities analysts have also weighed in on the company. Robert W. Baird increased their target price on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Monday, December 16th. Finally, Wells Fargo & Company upped their price objective on shares of Advanced Energy Industries from $98.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.78.

Advanced Energy Industries Trading Up 3.3 %

AEIS stock opened at $125.23 on Monday. The company has a quick ratio of 3.32, a current ratio of 4.62 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 $128.70. The company has a market cap of $4.72 billion, a P/E ratio of 109.85, a PEG ratio of 6.92 and a beta of 1.46. The business has a fifty day moving average of $115.41 and a 200-day moving average of $109.13.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.07. The business had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. Advanced Energy Industries’s revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 earnings per share. As a group, equities research analysts expect that Advanced Energy Industries will post 2.52 EPS for the current year.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company’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 transaction of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. This represents a 16.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Advanced Energy Industries

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