Advanced Energy Industries, Inc. (NASDAQ:AEIS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $120.25.

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price objective on Advanced Energy Industries from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. TD Cowen decreased their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Robert W. Baird lifted 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. Finally, StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the sale, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank raised its stake in Advanced Energy Industries by 200.0% during the third quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 208 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Advanced Energy Industries during the 3rd quarter valued at about $41,000. Meeder Asset Management Inc. lifted its holdings in shares of Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 186 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Advanced Energy Industries in the second quarter worth about $87,000. Finally, Blue Trust Inc. increased its stake in Advanced Energy Industries by 2,150.0% during the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock worth $88,000 after acquiring an additional 774 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Trading Up 2.3 %

Advanced Energy Industries stock opened at $116.15 on Wednesday. Advanced Energy Industries has a one year low of $89.11 and a one year high of $124.48. The business’s fifty day moving average is $113.66 and its 200 day moving average is $108.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The stock has a market capitalization of $4.38 billion, a PE ratio of 101.89, a price-to-earnings-growth ratio of 6.92 and a beta of 1.47.

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

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a $0.10 dividend. The ex-dividend date of this dividend 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 is currently 35.09%.

About Advanced Energy Industries

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.