Robert W. Baird Issues Pessimistic Forecast for Advanced Energy Industries (NASDAQ:AEIS) Stock Price

Advanced Energy Industries (NASDAQ:AEIS) had its price target lowered by analysts at Robert W. Baird from $138.00 to $136.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the electronics maker’s stock. Robert W. Baird’s target price indicates a potential upside of 22.34% from the stock’s current price.

A number of other equities research analysts have also weighed in on AEIS. Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $138.00 in a report on Monday, January 6th. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Monday, December 16th. TD Cowen cut their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and set a $145.00 price target on shares of Advanced Energy Industries in a report on Wednesday, January 15th. Finally, Benchmark reissued a “buy” rating and issued a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Four investment 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.11.

Advanced Energy Industries Stock Down 0.2 %

AEIS opened at $111.17 on Thursday. The business’s fifty day simple moving average is $117.11 and its 200 day simple moving average is $110.41. Advanced Energy Industries has a 52 week low of $89.11 and a 52 week high of $130.50. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The stock has a market cap of $4.19 billion, a PE ratio of 97.52, a P/E/G ratio of 3.60 and a beta of 1.45.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. As a group, research analysts expect that Advanced Energy Industries will post 2.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Advanced Energy Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Advanced Energy Industries by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker’s stock valued at $568,168,000 after buying an additional 69,908 shares in the last quarter. Geode Capital Management LLC boosted its stake in Advanced Energy Industries by 1.7% during the third quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock worth $93,094,000 after acquiring an additional 15,030 shares in the last quarter. Norges Bank bought a new stake in Advanced Energy Industries during the fourth quarter worth about $68,949,000. Principal Financial Group Inc. grew its holdings in Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after purchasing an additional 53,566 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Advanced Energy Industries by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker’s stock valued at $53,204,000 after purchasing an additional 18,533 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other 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.