Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $126.56.

A number of analysts have weighed in on the company. Stifel Nicolaus increased their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Robert W. Baird reduced their price target on shares of Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price objective on shares of Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Benchmark reaffirmed a “buy” rating and set a $125.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Finally, Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a report on Monday, December 16th.

Insider Activity at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the sale, the director now directly owns 3,492 shares in the company, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the completion of the transaction, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Energy Industries

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in Advanced Energy Industries in the 4th quarter worth approximately $47,000. Visionary Wealth Advisors acquired a new stake in shares of Advanced Energy Industries during the fourth quarter worth $1,326,000. Squarepoint Ops LLC grew its holdings in shares of Advanced Energy Industries by 426.0% during the fourth quarter. Squarepoint Ops LLC now owns 26,631 shares of the electronics maker’s stock valued at $3,079,000 after buying an additional 21,568 shares during the last quarter. State of Wyoming increased its position in shares of Advanced Energy Industries by 23.2% in the 4th quarter. State of Wyoming now owns 1,699 shares of the electronics maker’s stock valued at $196,000 after acquiring an additional 320 shares during the period. Finally, Tema Etfs LLC purchased a new position in Advanced Energy Industries in the 4th quarter worth $408,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Price Performance

AEIS stock opened at $109.67 on Monday. The stock has a market cap of $4.14 billion, a PE ratio of 76.69, a P/E/G ratio of 1.39 and a beta of 1.43. Advanced Energy Industries has a 12 month low of $89.12 and a 12 month high of $132.16. The company has a 50-day moving average price of $118.04 and a 200 day moving average price of $112.26. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. Equities research analysts anticipate that Advanced Energy Industries will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries’s payout ratio is 27.97%.

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.