Robert W. Baird Begins Coverage on Advanced Energy Industries (NASDAQ:AEIS)

Equities research analysts at Robert W. Baird assumed coverage on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research note issued to investors on Friday, Marketbeat.com reports. The firm set an “outperform” rating and a $128.00 price target on the electronics maker’s stock. Robert W. Baird’s price objective suggests a potential upside of 26.00% from the company’s current price.

Other research analysts have also issued reports about the company. Benchmark reiterated a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Susquehanna raised their price objective on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. TD Cowen boosted their target price on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Friday. Finally, Citigroup downgraded Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $114.89.

Advanced Energy Industries Stock Down 0.2 %

Shares of NASDAQ:AEIS opened at $101.59 on Friday. The firm’s 50-day moving average is $104.58 and its two-hundred day moving average is $103.27. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. Advanced Energy Industries has a 1 year low of $81.86 and a 1 year high of $119.75. The firm has a market capitalization of $3.80 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results 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 period in the prior year, the firm earned $0.95 EPS. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. Analysts predict that Advanced Energy Industries will post 2.47 EPS for the current year.

Institutional Trading of Advanced Energy Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Rise Advisors LLC acquired a new position in Advanced Energy Industries in the first quarter valued at $25,000. Parallel Advisors LLC grew its holdings in shares of Advanced Energy Industries by 78.2% during the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after buying an additional 154 shares during the last quarter. GAMMA Investing LLC increased its position in Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after acquiring an additional 383 shares during the period. Canada Pension Plan Investment Board acquired a new position in Advanced Energy Industries in the 2nd quarter valued at about $87,000. Finally, Hilltop National Bank raised its stake in Advanced Energy Industries by 13.4% during the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 116 shares during the last quarter. Hedge funds and other institutional investors 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.