Advanced Energy Industries (NASDAQ:AEIS) Hits New 12-Month High – Here’s What Happened

Advanced Energy Industries, Inc. (NASDAQ:AEIS) hit a new 52-week high during trading on Wednesday . The company traded as high as $130.50 and last traded at $127.67, with a volume of 42768 shares changing hands. The stock had previously closed at $127.55.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AEIS. Susquehanna dropped their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, October 11th. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. TD Cowen cut their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Advanced Energy Industries in a research report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Advanced Energy Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.89.

Advanced Energy Industries Price Performance

The company has a 50 day moving average price of $116.82 and a 200-day moving average price of $110.03. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 111.29, a P/E/G ratio of 3.85 and a beta of 1.46. 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 released 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 business had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The firm’s revenue was down 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 earnings per share. As a group, equities research analysts predict that Advanced Energy Industries, Inc. will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is currently 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 shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now directly owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Advanced Energy Industries

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in Advanced Energy Industries by 26.3% in the 4th quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker’s stock worth $108,000 after acquiring an additional 213 shares during the last quarter. Compass Wealth Management LLC boosted its holdings in shares of Advanced Energy Industries by 0.4% in the fourth quarter. Compass Wealth Management LLC now owns 68,838 shares of the electronics maker’s stock worth $7,960,000 after acquiring an additional 245 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Advanced Energy Industries by 1.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock valued at $579,000 after purchasing an additional 85 shares during the period. Sheets Smith Wealth Management boosted its stake in Advanced Energy Industries by 3.3% in the 4th quarter. Sheets Smith Wealth Management now owns 7,127 shares of the electronics maker’s stock worth $824,000 after purchasing an additional 230 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in Advanced Energy Industries by 10.2% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker’s stock worth $16,137,000 after acquiring an additional 12,860 shares during the period. 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.