Advanced Energy Industries (NASDAQ:AEIS) Now Covered by Analysts at Robert W. Baird

Robert W. Baird initiated coverage on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report report published on Friday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $128.00 price target on the electronics maker’s stock.

AEIS has been the subject of a number of other reports. TD Cowen upped their price target on Advanced Energy Industries from $100.00 to $120.00 and gave the company a hold rating in a research note on Wednesday, July 31st. Wells Fargo & Company increased their target price on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the stock an equal weight rating in a report on Wednesday, July 31st. Susquehanna boosted their price target on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the company a neutral rating in a report on Wednesday, July 31st. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a report on Thursday, August 15th. They set a buy rating and a $135.00 target price on the stock. Finally, Benchmark restated a buy rating and issued a $117.00 price target on shares of Advanced Energy Industries in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Advanced Energy Industries has a consensus rating of Hold and an average target price of $114.89.

Advanced Energy Industries Trading Down 0.4 %

Shares of NASDAQ AEIS opened at $101.16 on Friday. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $119.75. The firm has a market capitalization of $3.79 billion, a P/E ratio of 37.19, a P/E/G ratio of 4.88 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. The company’s 50 day simple moving average is $104.30 and its 200 day simple moving average is $103.27.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $350.06 million. During the same quarter in the prior year, the business posted $0.95 EPS. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. On average, analysts predict that Advanced Energy Industries will post 2.47 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The company 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. This represents a $0.40 annualized dividend and a yield of 0.40%. The ex-dividend date was Monday, August 26th. Advanced Energy Industries’s payout ratio is 14.71%.

Institutional Investors Weigh In On Advanced Energy Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEIS. Jump Financial LLC acquired a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $266,000. Vanguard Personalized Indexing Management LLC increased its holdings in Advanced Energy Industries by 11.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 4,007 shares of the electronics maker’s stock worth $436,000 after buying an additional 401 shares during the last quarter. Norges Bank bought a new stake in Advanced Energy Industries during the fourth quarter worth $43,516,000. Dynamic Technology Lab Private Ltd acquired a new stake in Advanced Energy Industries in the fourth quarter valued at $272,000. Finally, UBS Group AG grew its position in shares of Advanced Energy Industries by 24.1% in the 4th quarter. UBS Group AG now owns 55,760 shares of the electronics maker’s stock valued at $6,073,000 after acquiring an additional 10,830 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.