Brokerages Set Advanced Energy Industries, Inc. (NASDAQ:AEIS) PT at $120.25

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been given an average rating of “Moderate Buy” by the ten analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $120.25.

AEIS has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Robert W. Baird boosted their price target on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Benchmark restated a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their price target 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.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. This represents a 16.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AEIS. Earnest Partners LLC increased its stake in shares of Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after purchasing an additional 199,578 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Advanced Energy Industries by 22.4% during the 2nd 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 during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Advanced Energy Industries during the 3rd quarter worth $12,306,000. Bank of New York Mellon Corp increased its stake in shares of Advanced Energy Industries by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after purchasing an additional 102,659 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in shares of Advanced Energy Industries during the 2nd quarter worth $6,873,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Stock Down 0.8 %

AEIS stock opened at $113.00 on Wednesday. Advanced Energy Industries has a 12 month low of $89.11 and a 12 month high of $124.48. The firm has a market cap of $4.26 billion, a PE ratio of 99.12, a P/E/G ratio of 6.92 and a beta of 1.47. The firm has a 50 day simple moving average of $113.42 and a 200 day simple moving average of $108.36. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32.

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

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a $0.10 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.40 annualized dividend and a yield of 0.35%. Advanced Energy Industries’s dividend payout ratio is presently 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.