Benchmark Reaffirms Buy Rating for Advanced Energy Industries (NASDAQ:AEIS)

Benchmark reiterated their buy rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $117.00 price target on the electronics maker’s stock.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company upped their price objective on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the stock an equal weight rating in a report on Wednesday. Citigroup downgraded shares of Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 price objective on the stock. in a report on Monday, July 15th. Susquehanna upped their price objective on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a neutral rating in a report on Wednesday. Needham & Company LLC reiterated a hold rating on shares of Advanced Energy Industries in a report on Wednesday. Finally, TD Cowen increased their target price on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the company a hold rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $110.14.

Advanced Energy Industries Stock Down 5.6 %

Advanced Energy Industries stock opened at $101.64 on Wednesday. The company has a quick ratio of 4.40, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average is $109.02 and its 200 day moving average is $103.66. Advanced Energy Industries has a 12-month low of $81.86 and a 12-month high of $124.74. The company has a market capitalization of $3.83 billion, a PE ratio of 37.37, a PEG ratio of 5.79 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The firm had revenue of $364.95 million for the quarter, compared to the consensus estimate of $350.06 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The business’s revenue was down 12.2% on a year-over-year basis. As a group, sell-side analysts predict that Advanced Energy Industries will post 2.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Advanced Energy Industries

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Advanced Energy Industries by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after buying an additional 73,028 shares during the period. Victory Capital Management Inc. grew its position in Advanced Energy Industries by 6.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,167,892 shares of the electronics maker’s stock valued at $127,207,000 after buying an additional 75,351 shares during the period. Dimensional Fund Advisors LP grew its position in Advanced Energy Industries by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 923,960 shares of the electronics maker’s stock valued at $100,641,000 after buying an additional 3,093 shares during the period. Channing Capital Management LLC bought a new position in Advanced Energy Industries during the fourth quarter valued at about $68,701,000. Finally, First Trust Advisors LP grew its position in Advanced Energy Industries by 11.8% during the fourth quarter. First Trust Advisors LP now owns 545,079 shares of the electronics maker’s stock valued at $59,370,000 after buying an additional 57,610 shares during the period. Institutional investors own 99.67% of the company’s stock.

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.