Analysts Set Advanced Energy Industries, Inc. (NASDAQ:AEIS) Target Price at $105.33

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been given a consensus recommendation of “Hold” by the eight analysts that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $105.33.

A number of research analysts have recently commented on AEIS shares. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research report on Tuesday, June 25th. Benchmark restated a “buy” rating and set a $117.00 price target on shares of Advanced Energy Industries in a research report on Thursday, May 2nd. StockNews.com lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Citigroup lowered shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a research report on Monday, July 15th. Finally, Susquehanna reduced their price target on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd.

Advanced Energy Industries Trading Down 1.1 %

Shares of AEIS stock opened at $108.58 on Friday. The company’s fifty day simple moving average is $108.89 and its two-hundred day simple moving average is $103.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.40. Advanced Energy Industries has a 1 year low of $81.86 and a 1 year high of $126.38. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 39.92, a PEG ratio of 5.55 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The business had revenue of $327.50 million for the quarter, compared to the consensus estimate of $351.74 million. During the same period in the previous year, the firm earned $1.10 EPS. The company’s revenue was down 22.9% compared to the same quarter last year. As a group, analysts anticipate that Advanced Energy Industries will post 2.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in Advanced Energy Industries by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after acquiring an additional 102,659 shares in the last quarter. Tributary Capital Management LLC grew its position in Advanced Energy Industries by 0.3% in the second quarter. Tributary Capital Management LLC now owns 188,170 shares of the electronics maker’s stock worth $20,465,000 after acquiring an additional 566 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Advanced Energy Industries by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the electronics maker’s stock worth $2,045,000 after acquiring an additional 300 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Advanced Energy Industries by 3.5% in the second quarter. Nisa Investment Advisors LLC now owns 6,252 shares of the electronics maker’s stock worth $680,000 after purchasing an additional 212 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in Advanced Energy Industries by 10.8% in the second quarter. Raymond James & Associates now owns 24,180 shares of the electronics maker’s stock worth $2,630,000 after purchasing an additional 2,355 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other 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.