Advanced Energy Industries (NASDAQ:AEIS) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Advanced Energy Industries (NASDAQ:AEIS) from a hold rating to a sell rating in a research report report published on Wednesday morning.

Several other research firms have also commented on AEIS. TD Cowen raised their price objective on Advanced Energy Industries from $100.00 to $120.00 and gave the company a hold rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised their target price on Advanced Energy Industries from $97.00 to $103.00 and gave the company an equal weight rating in a research note on Wednesday, July 31st. Susquehanna raised their target price on Advanced Energy Industries from $90.00 to $103.00 and gave the company a neutral rating in a research note on Wednesday, July 31st. Needham & Company LLC restated a hold rating on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus started coverage on Advanced Energy Industries in a research note on Thursday, August 15th. They set a buy rating and a $135.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $113.25.

Advanced Energy Industries Trading Down 3.0 %

NASDAQ:AEIS opened at $93.78 on Wednesday. The business’s 50-day moving average is $106.79 and its two-hundred day moving average is $103.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. Advanced Energy Industries has a 12 month low of $81.86 and a 12 month high of $119.75. The firm has a market capitalization of $3.51 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 5.37 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The company had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. During the same period last year, the company posted $0.95 earnings per share. The firm’s revenue was down 12.2% compared to the same quarter last year. Research analysts predict that Advanced Energy Industries will post 2.47 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. Advanced Energy Industries’s payout ratio is currently 14.71%.

Hedge Funds Weigh In On Advanced Energy Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of AEIS. Rise Advisors LLC acquired a new position in Advanced Energy Industries in the first quarter valued at approximately $25,000. Parallel Advisors LLC boosted its stake in Advanced Energy Industries by 78.2% in the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 154 shares during the period. GAMMA Investing LLC boosted its stake in Advanced Energy Industries by 157.6% in the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after acquiring an additional 383 shares during the period. Principal Securities Inc. acquired a new position in Advanced Energy Industries in the fourth quarter valued at approximately $87,000. Finally, Canada Pension Plan Investment Board acquired a new position in Advanced Energy Industries in the second quarter valued at approximately $87,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.