Advanced Energy Industries (NASDAQ:AEIS) Stock Rating Upgraded by Citigroup

Advanced Energy Industries (NASDAQ:AEIS) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has a $138.00 target price on the electronics maker’s stock, up from their previous target price of $110.00. Citigroup’s price target points to a potential upside of 10.20% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. Susquehanna reduced their price target on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a report on Monday, December 16th. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. 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 research report on Wednesday, December 11th. Finally, TD Cowen decreased their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.78.

Advanced Energy Industries Trading Up 3.3 %

NASDAQ:AEIS opened at $125.23 on Monday. The company has a market capitalization of $4.72 billion, a P/E ratio of 109.85, a P/E/G ratio of 6.92 and a beta of 1.46. The stock’s 50 day moving average price is $115.41 and its 200 day moving average price is $109.13. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. Advanced Energy Industries has a 52 week low of $89.11 and a 52 week high of $128.70.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. During the same quarter in the prior year, the business posted $1.12 EPS. Advanced Energy Industries’s quarterly revenue was down 8.7% on a year-over-year basis. On average, research analysts forecast that Advanced Energy Industries will post 2.52 EPS for the current fiscal year.

Insider Activity at Advanced Energy Industries

In other 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 transaction of $111,720.00. Following the sale, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp grew its stake in shares of Advanced Energy Industries by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock valued at $1,132,000 after purchasing an additional 102 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Advanced Energy Industries by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock valued at $263,000 after acquiring an additional 130 shares during the period. Versant Capital Management Inc raised its stake in Advanced Energy Industries by 535.3% during the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 182 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Advanced Energy Industries by 68.4% during the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 186 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Advanced Energy Industries by 2.0% during the second quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock valued at $1,136,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds 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.