Advanced Energy Industries (NASDAQ:AEIS) Downgraded to Sell at StockNews.com

StockNews.com lowered shares of Advanced Energy Industries (NASDAQ:AEIS) from a hold rating to a sell rating in a report released on Thursday.

A number of other equities research analysts have also weighed in on the stock. Citigroup lowered shares of Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 price objective for the company. in a report on Monday, July 15th. TD Cowen boosted their price target on Advanced Energy Industries from $100.00 to $120.00 and gave the company a hold rating in a report on Wednesday, July 31st. Needham & Company LLC restated a hold rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Benchmark reaffirmed a buy rating and set a $117.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Finally, Susquehanna increased their price target on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a neutral rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $110.14.

Advanced Energy Industries Stock Down 0.0 %

Shares of NASDAQ:AEIS opened at $99.42 on Thursday. The firm has a market capitalization of $3.72 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 5.79 and a beta of 1.52. The business has a 50 day simple moving average of $108.13 and a two-hundred day simple moving average of $103.40. Advanced Energy Industries has a 1 year low of $81.86 and a 1 year high of $119.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.40.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The company had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. During the same quarter in the previous year, the business earned $0.95 EPS. Advanced Energy Industries’s revenue was down 12.2% compared to the same quarter last year. On average, equities analysts predict that Advanced Energy Industries will post 2.32 EPS for the current year.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 26th will be issued a $0.10 dividend. The ex-dividend date is Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. Advanced Energy Industries’s dividend payout ratio is presently 14.71%.

Institutional Investors Weigh In On Advanced Energy Industries

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Advanced Energy Industries by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after acquiring an additional 73,028 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Advanced Energy Industries by 6.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,167,892 shares of the electronics maker’s stock valued at $127,207,000 after purchasing an additional 75,351 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Advanced Energy Industries by 1.7% in 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. Channing Capital Management LLC purchased a new position in Advanced Energy Industries during the 4th quarter worth $68,701,000. Finally, First Trust Advisors LP increased its position in Advanced Energy Industries by 11.8% during the 4th quarter. First Trust Advisors LP now owns 545,079 shares of the electronics maker’s stock valued at $59,370,000 after buying an additional 57,610 shares in 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.