Advanced Energy Industries (NASDAQ:AEIS) Lifted to “Hold” at StockNews.com

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

AEIS has been the topic of several other research reports. Wells Fargo & Company upped their price objective on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the stock an equal weight rating in a report on Wednesday, July 31st. Susquehanna upped their target price 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. Benchmark reiterated a buy rating and set a $117.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Citigroup lowered 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. Finally, Needham & Company LLC restated a hold rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $113.25.

Advanced Energy Industries Stock Performance

Shares of AEIS opened at $98.63 on Thursday. The stock has a 50-day moving average of $105.69 and a 200-day moving average of $103.38. Advanced Energy Industries has a one year low of $81.86 and a one 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 4.22. The company has a market cap of $3.69 billion, a PE ratio of 36.26, a P/E/G ratio of 4.88 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 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 firm had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. During the same quarter last year, the firm posted $0.95 earnings per share. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, equities research analysts predict that Advanced Energy Industries will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AEIS. Rise Advisors LLC bought a new stake in shares of Advanced Energy Industries during the 1st quarter worth $25,000. Parallel Advisors LLC increased its holdings in Advanced Energy Industries by 78.2% during the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after buying an additional 154 shares during the last quarter. 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 worth $68,000 after buying an additional 383 shares during the last quarter. Principal Securities Inc. bought a new stake in Advanced Energy Industries in the fourth quarter worth about $87,000. Finally, Canada Pension Plan Investment Board purchased a new position in Advanced Energy Industries in the second quarter valued at about $87,000. Institutional investors own 99.67% of the company’s stock.

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.