Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives $113.75 Consensus Target Price from Analysts

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $113.75.

Several equities analysts recently weighed in on the company. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Benchmark restated a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Robert W. Baird dropped their target price on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Insider Activity

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Energy Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEIS. Atria Investments Inc bought a new position in Advanced Energy Industries during the first quarter worth about $1,226,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Advanced Energy Industries by 36.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,699 shares of the electronics maker’s stock valued at $4,209,000 after purchasing an additional 10,243 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after purchasing an additional 118,328 shares in the last quarter. Public Sector Pension Investment Board grew its position in Advanced Energy Industries by 7.8% in the second quarter. Public Sector Pension Investment Board now owns 82,345 shares of the electronics maker’s stock valued at $8,956,000 after purchasing an additional 5,930 shares in the last quarter. Finally, Earnest Partners LLC increased its stake in Advanced Energy Industries by 13.5% in the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after buying an additional 199,578 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Stock Down 2.3 %

NASDAQ:AEIS opened at $114.57 on Friday. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 101.36, a PEG ratio of 6.89 and a beta of 1.48. The business’s fifty day moving average price is $108.61 and its 200 day moving average price is $107.09. Advanced Energy Industries has a 1-year low of $89.11 and a 1-year high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.07. The company had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The business’s revenue was down 8.7% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share. On average, sell-side analysts forecast that Advanced Energy Industries will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 35.09%.

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.