Advanced Energy Industries (NASDAQ:AEIS) Price Target Cut to $136.00 by Analysts at Robert W. Baird

Advanced Energy Industries (NASDAQ:AEIS) had its target price lowered by Robert W. Baird from $138.00 to $136.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the electronics maker’s stock.

AEIS has been the topic of a number of other reports. Benchmark reaffirmed a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Bank of America raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Monday, December 16th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, January 15th. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Finally, Wells Fargo & Company lifted their target price on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Advanced Energy Industries presently has an average rating of “Moderate Buy” and an average target price of $126.56.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $123.49 on Thursday. Advanced Energy Industries has a 1-year low of $89.11 and a 1-year high of $130.50. 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 business has a 50 day moving average of $117.29 and a 200 day moving average of $110.50. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 108.33, a PEG ratio of 3.60 and a beta of 1.45.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. On average, sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date is Monday, February 24th. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 35.09%.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the sale, the director now directly owns 5,092 shares in the company, valued at $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Advanced Energy Industries by 535.3% during the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 182 shares in the last quarter. Huntington National Bank lifted its position 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 buying an additional 208 shares during the period. Quantbot Technologies LP purchased a new position in Advanced Energy Industries during the third quarter valued at $41,000. Russell Investments Group Ltd. boosted its holdings in shares of Advanced Energy Industries by 61.6% during the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker’s stock valued at $41,000 after buying an additional 135 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its position 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 worth $48,000 after buying an additional 186 shares during the period. 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.