Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives $113.25 Average PT from Analysts

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been given an average recommendation of “Hold” by the ten ratings firms that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $113.25.

AEIS has been the subject of a number of recent analyst reports. Stifel Nicolaus began coverage on Advanced Energy Industries in a report on Thursday, August 15th. They set a “buy” rating and a $135.00 target price for the company. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Susquehanna raised their price objective on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, TD Cowen upped their target price on Advanced Energy Industries from $100.00 to $120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $98.63 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $119.75. The firm has a market cap of $3.69 billion, a PE ratio of 36.26, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50. The business has a 50 day moving average price of $105.69 and a 200-day moving average price of $103.38.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.14. The business had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 EPS. Equities research analysts predict that Advanced Energy Industries will post 2.47 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Advanced Energy Industries’s dividend payout ratio is currently 14.71%.

Institutional Trading of Advanced Energy Industries

Large investors have recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new position in shares of Advanced Energy Industries during the 1st quarter worth $25,000. Parallel Advisors LLC grew its stake in shares of Advanced Energy Industries by 78.2% during the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 154 shares during the period. GAMMA Investing LLC increased its holdings in Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 383 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Advanced Energy Industries during the 2nd quarter worth approximately $87,000. Finally, Principal Securities Inc. bought a new position in shares of Advanced Energy Industries in the fourth quarter worth approximately $87,000. 99.67% of the stock is currently owned by 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.