Advanced Energy Industries (NASDAQ:AEIS) Upgraded at Bank of America

Advanced Energy Industries (NASDAQ:AEIS) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has a $140.00 price objective on the electronics maker’s stock. Bank of America‘s price target points to a potential upside of 19.43% from the stock’s previous close.

AEIS has been the topic of a number of other research reports. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company increased their price objective on Advanced Energy Industries from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Robert W. Baird boosted their target price on Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Benchmark reaffirmed a “buy” rating and issued a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Finally, Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.25.

Advanced Energy Industries Stock Up 0.1 %

AEIS opened at $117.22 on Monday. The company has a 50 day moving average of $112.38 and a 200 day moving average of $108.01. 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 12 month low of $89.11 and a 12 month high of $120.81. The company has a market cap of $4.42 billion, a PE ratio of 102.82, a price-to-earnings-growth ratio of 6.92 and a beta of 1.47.

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

Insider Buying and Selling at Advanced Energy Industries

In related 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Advanced Energy Industries

Several institutional investors and hedge funds have recently bought and sold shares of AEIS. Earnest Partners LLC lifted its stake in Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after acquiring an additional 199,578 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Advanced Energy Industries by 22.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after purchasing an additional 118,328 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Advanced Energy Industries during the 3rd quarter valued at about $12,306,000. Bank of New York Mellon Corp increased its position in shares of Advanced Energy Industries by 23.5% during the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock valued at $58,754,000 after buying an additional 102,659 shares during the period. Finally, Great Lakes Advisors LLC bought a new position in Advanced Energy Industries in the second quarter worth about $6,873,000. Hedge funds and other 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.