Advanced Energy Industries, Inc. (NASDAQ:AEIS) has earned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $70.25.
A number of equities analysts have weighed in on the company. BidaskClub raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Saturday, September 7th. DA Davidson upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating in a research report on Thursday, September 26th. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $55.00 to $68.00 in a research report on Monday, September 23rd. ValuEngine downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Cowen downgraded Advanced Energy Industries from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $60.00 to $57.00 in a research report on Friday.
In related news, CEO Yuval Wasserman sold 6,610 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $60.05, for a total value of $396,930.50. Following the sale, the chief executive officer now owns 160,801 shares in the company, valued at approximately $9,656,100.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of Advanced Energy Industries by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 434,929 shares of the electronics maker’s stock valued at $18,671,000 after buying an additional 22,261 shares during the period. Invesco Ltd. grew its stake in Advanced Energy Industries by 11.1% during the 2nd quarter. Invesco Ltd. now owns 301,165 shares of the electronics maker’s stock worth $16,946,000 after purchasing an additional 30,052 shares in the last quarter. Meadow Creek Investment Management LLC grew its stake in Advanced Energy Industries by 15.8% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 7,812 shares of the electronics maker’s stock worth $440,000 after purchasing an additional 1,064 shares in the last quarter. Strs Ohio acquired a new position in Advanced Energy Industries during the 2nd quarter worth $33,000. Finally, US Bancorp DE grew its stake in Advanced Energy Industries by 351.6% during the 1st quarter. US Bancorp DE now owns 7,479 shares of the electronics maker’s stock worth $372,000 after purchasing an additional 5,823 shares in the last quarter. Hedge funds and other institutional investors own 97.54% of the company’s stock.
NASDAQ AEIS traded up $1.16 on Friday, reaching $55.10. 2,545 shares of the company were exchanged, compared to its average volume of 255,794. The business’s fifty day moving average price is $54.43 and its 200 day moving average price is $53.62. The stock has a market capitalization of $2.04 billion, a P/E ratio of 13.03 and a beta of 1.52. The company has a current ratio of 5.83, a quick ratio of 4.87 and a debt-to-equity ratio of 0.07. Advanced Energy Industries has a fifty-two week low of $38.74 and a fifty-two week high of $60.76.
Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Monday, August 5th. The electronics maker reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.15. The company had revenue of $134.81 million for the quarter, compared to analyst estimates of $135.78 million. Advanced Energy Industries had a return on equity of 16.57% and a net margin of 16.80%. The firm’s revenue for the quarter was down 31.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 earnings per share. Equities research analysts forecast that Advanced Energy Industries will post 1.54 earnings per share for the current year.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.
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