Advanced Energy Industries (NASDAQ:AEIS) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $145.00 price objective on the electronics maker’s stock.

Several other research firms have also recently weighed in on AEIS. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $110.00 to $138.00 in a research report on Monday, January 6th. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. TD Cowen lowered their target price on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, Wells Fargo & Company increased their price target on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Advanced Energy Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.89.

Advanced Energy Industries Trading Up 2.6 %

NASDAQ:AEIS opened at $121.13 on Wednesday. The stock has a fifty day simple moving average of $116.35 and a 200 day simple moving average of $109.57. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 106.26, a price-to-earnings-growth ratio of 6.92 and a beta of 1.46. Advanced Energy Industries has a 1-year low of $89.11 and a 1-year high of $128.70. 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 (NASDAQ:AEIS) last announced its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. The company had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period last year, the company posted $1.12 earnings per share. Sell-side analysts forecast that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Monday, November 25th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 35.09%.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries 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 value of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Integrated Investment Consultants LLC boosted its position in Advanced Energy Industries by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker’s stock worth $531,000 after purchasing an additional 100 shares during the period. Stifel Financial Corp boosted its holdings in shares of Advanced Energy Industries by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock worth $1,132,000 after buying an additional 102 shares during the period. Heritage Family Offices LLP boosted its holdings in shares of Advanced Energy Industries by 6.1% during the 4th quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker’s stock worth $233,000 after buying an additional 116 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Advanced Energy Industries by 5.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock valued at $263,000 after buying an additional 130 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in Advanced Energy Industries by 535.3% in the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 182 shares during the period. 99.67% of the stock is owned by institutional investors.

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.