Advanced Energy Industries (NASDAQ:AEIS) Reaches New 12-Month High – Still a Buy?

Advanced Energy Industries, Inc. (NASDAQ:AEIS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $120.49 and last traded at $120.34, with a volume of 41837 shares changing hands. The stock had previously closed at $111.39.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AEIS shares. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Robert W. Baird reduced their price objective on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Finally, Benchmark reaffirmed a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Energy Industries presently has a consensus rating of “Hold” and an average target price of $112.75.

Advanced Energy Industries Stock Up 0.0 %

The stock has a market capitalization of $4.42 billion, a PE ratio of 102.91, a P/E/G ratio of 6.49 and a beta of 1.48. The firm has a 50 day moving average of $104.54 and a two-hundred day moving average of $105.46. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. Advanced Energy Industries’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 EPS. Equities research analysts anticipate that Advanced Energy Industries, Inc. will post 2.51 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 35.09%.

Institutional Investors Weigh In On Advanced Energy Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank increased 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 worth $33,000 after acquiring an additional 208 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Advanced Energy Industries by 68.4% in the third 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. GAMMA Investing LLC boosted 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 valued at $68,000 after purchasing an additional 383 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Advanced Energy Industries in the second quarter valued at about $87,000. Finally, Blue Trust Inc. boosted its holdings in Advanced Energy Industries by 2,150.0% in the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock valued at $88,000 after purchasing an additional 774 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.