Brokerages Set Advanced Energy Industries, Inc. (NASDAQ:AEIS) Target Price at $126.89

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $126.89.

Several research analysts have recently weighed in on AEIS shares. TD Cowen cut their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price target on shares of Advanced Energy Industries in a report on Wednesday, January 15th. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $110.00 to $138.00 in a report on Monday, January 6th. Wells Fargo & Company boosted their price target on Advanced Energy Industries from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Finally, Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Monday, December 16th.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries 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 directly owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Advanced Energy Industries

Hedge funds have recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Advanced Energy Industries during the 3rd quarter valued at $12,306,000. Raymond James Financial Inc. acquired a new stake in shares of Advanced Energy Industries in the 4th quarter valued at about $9,864,000. Wealthfront Advisers LLC bought a new position in shares of Advanced Energy Industries during the fourth quarter worth about $8,002,000. Principal Financial Group Inc. grew its stake in Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after purchasing an additional 53,566 shares in the last quarter. Finally, Sora Investors LLC bought a new stake in Advanced Energy Industries in the third quarter valued at about $4,736,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $112.83 on Thursday. The stock has a fifty day moving average price of $117.40 and a 200 day moving average price of $110.39. 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 has a 52 week low of $89.11 and a 52 week high of $130.50. The firm has a market capitalization of $4.25 billion, a P/E ratio of 98.97, a PEG ratio of 3.60 and a beta of 1.45.

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.