Advanced Energy Industries (NASDAQ:AEIS) Receives New Coverage from Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report sent to investors on Thursday morning, MarketBeat reports. The brokerage issued a buy rating and a $135.00 target price on the electronics maker’s stock.

Several other equities analysts have also issued reports on the company. Needham & Company LLC reaffirmed a hold rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Benchmark reaffirmed a buy rating and issued a $117.00 target price on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Citigroup downgraded shares of Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 target price on the stock. in a research note on Monday, July 15th. Susquehanna raised their price target on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the company a neutral rating in a research report on Wednesday, July 31st. Finally, StockNews.com cut Advanced Energy Industries from a hold rating to a sell rating in a research report on Thursday, August 8th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $113.25.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS opened at $108.20 on Thursday. The company has a 50 day simple moving average of $107.74 and a two-hundred day simple moving average of $103.31. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $119.75. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 39.78, a P/E/G ratio of 5.79 and a beta of 1.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.40 and a current ratio of 5.47.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.14. The company had revenue of $364.95 million for the quarter, compared to the consensus estimate of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS. Analysts expect that Advanced Energy Industries will post 2.32 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 26th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Monday, August 26th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

Institutional Trading of Advanced Energy Industries

Hedge funds have recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in Advanced Energy Industries in the first quarter worth about $25,000. Parallel Advisors LLC grew its position in Advanced Energy Industries by 78.2% during 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 during the period. Signaturefd LLC grew its position in Advanced Energy Industries by 52.3% during the fourth quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock valued at $66,000 after buying an additional 209 shares during the period. GAMMA Investing LLC increased its holdings in Advanced Energy Industries by 157.6% during 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 last quarter. Finally, Principal Securities Inc. bought a new position in Advanced Energy Industries in the fourth quarter worth approximately $87,000. Hedge funds and other 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.