Advanced Energy Industries (NASDAQ:AEIS) Upgraded at Needham & Company LLC

Needham & Company LLC upgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a hold rating to a buy rating in a research report released on Tuesday, Marketbeat Ratings reports. Needham & Company LLC currently has $145.00 price target on the electronics maker’s stock.

Other analysts have also recently issued research reports about the company. Bank of America raised 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. Robert W. Baird raised their price target on Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company upped their price objective on shares of Advanced Energy Industries from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Finally, 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. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.78.

Advanced Energy Industries Price Performance

AEIS opened at $118.67 on Tuesday. 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 business’s fifty day simple moving average is $115.83 and its 200-day simple moving average is $109.26. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 104.10, a PEG ratio of 6.92 and a beta of 1.46. Advanced Energy Industries has a 12-month low of $89.11 and a 12-month high of $128.70.

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, topping analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $374.20 million during 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%. Advanced Energy Industries’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 earnings per share. On average, equities research analysts anticipate that Advanced Energy Industries will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a $0.10 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 35.09%.

Insiders Place Their Bets

In related news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Energy Industries

A number of institutional investors have recently bought and sold shares of the company. Earnest Partners LLC raised its position in Advanced Energy Industries by 13.5% during the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after acquiring an additional 199,578 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Advanced Energy Industries by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock worth $103,428,000 after purchasing an additional 15,577 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Advanced Energy Industries by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock worth $93,094,000 after purchasing an additional 15,030 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Advanced Energy Industries by 22.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after buying an additional 118,328 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Advanced Energy Industries by 2.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 514,424 shares of the electronics maker’s stock valued at $55,949,000 after buying an additional 13,967 shares during the last quarter. 99.67% of the stock is currently 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.