Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives Average Rating of “Hold” from Analysts

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $113.25.

Several research firms have recently commented on AEIS. Stifel Nicolaus began coverage on Advanced Energy Industries in a research note on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price for the company. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Wells Fargo & Company upped their target price on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Benchmark reissued a “buy” rating and set a $117.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, July 31st.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $98.63 on Monday. The stock has a 50-day simple moving average of $105.69 and a 200 day simple moving average of $103.31. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 36.26, a P/E/G ratio of 4.88 and a beta of 1.50. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. Advanced Energy Industries has a 12-month low of $81.86 and a 12-month high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. The company had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. Advanced Energy Industries’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 earnings per share. On average, research analysts anticipate that Advanced Energy Industries will post 2.47 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Advanced Energy Industries’s dividend payout ratio is 14.71%.

Institutional Trading of Advanced Energy Industries

A number of large investors have recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in shares of Advanced Energy Industries in the 1st quarter valued at approximately $25,000. Parallel Advisors LLC lifted its stake in Advanced Energy Industries by 78.2% in the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after buying an additional 154 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Advanced Energy Industries by 157.6% in the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after buying an additional 383 shares during the period. Principal Securities Inc. bought a new stake in shares of Advanced Energy Industries during the fourth quarter worth $87,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Advanced Energy Industries during the second quarter worth $87,000. Institutional investors own 99.67% of the company’s stock.

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.