Advanced Energy Industries (NASDAQ:AEIS) Price Target Raised to $103.00 at Susquehanna

Advanced Energy Industries (NASDAQ:AEIS) had its price objective boosted by investment analysts at Susquehanna from $90.00 to $103.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the electronics maker’s stock. Susquehanna’s target price would suggest a potential downside of 4.96% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Benchmark reiterated a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research report on Thursday, May 2nd. TD Cowen increased 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. Citigroup lowered Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price on the stock. in a report on Monday, July 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday. Finally, StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.29.

Advanced Energy Industries Stock Down 1.6 %

AEIS opened at $108.38 on Wednesday. Advanced Energy Industries has a 1-year low of $81.86 and a 1-year high of $126.38. The stock’s fifty day simple moving average is $109.03 and its 200 day simple moving average is $103.54. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78. The stock has a market cap of $4.06 billion, a PE ratio of 39.85, a price-to-earnings-growth ratio of 5.39 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The business had revenue of $364.95 million for the quarter, compared to analysts’ expectations of $350.06 million. Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 EPS. As a group, research analysts expect that Advanced Energy Industries will post 2.33 earnings per share for the current year.

Hedge Funds Weigh In On Advanced Energy Industries

Hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC bought a new position in shares of Advanced Energy Industries during the first quarter worth about $25,000. Parallel Advisors LLC raised its position in shares of 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 acquiring an additional 154 shares during the last quarter. Signaturefd LLC raised its position in shares of Advanced Energy Industries by 52.3% during the fourth quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock worth $66,000 after acquiring an additional 209 shares during the last quarter. GAMMA Investing LLC increased its holdings in Advanced Energy Industries by 157.6% in the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 383 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in 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.