Robert W. Baird Has Lowered Expectations for Advanced Energy Industries (NASDAQ:AEIS) Stock Price

Advanced Energy Industries (NASDAQ:AEIS) had its target price reduced by investment analysts at Robert W. Baird from $136.00 to $124.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the electronics maker’s stock. Robert W. Baird’s price target indicates a potential upside of 23.17% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company lowered their target price on shares of Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Needham & Company LLC reissued a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a report on Thursday, February 13th. Stifel Nicolaus increased their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.22.

Advanced Energy Industries Stock Up 3.9 %

Shares of NASDAQ:AEIS opened at $100.67 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. Advanced Energy Industries has a 52-week low of $75.01 and a 52-week high of $132.16. The firm has a market capitalization of $3.81 billion, a P/E ratio of 70.40, a P/E/G ratio of 1.39 and a beta of 1.47. The stock has a 50 day moving average price of $101.13 and a 200-day moving average price of $110.37.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. As a group, equities research analysts anticipate that Advanced Energy Industries will post 3.66 EPS for the current fiscal year.

Insider Activity

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now directly owns 3,492 shares in the company, valued at approximately $451,760.04. The trade was a 31.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the transaction, the chief operating officer now directly owns 19,822 shares in the company, valued at $2,212,333.42. The trade was a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Energy Industries

Large investors have recently made changes to their positions in the company. Peregrine Capital Management LLC boosted its holdings in shares of Advanced Energy Industries by 3.4% in the first quarter. Peregrine Capital Management LLC now owns 90,704 shares of the electronics maker’s stock worth $8,645,000 after buying an additional 2,972 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in Advanced Energy Industries by 4.7% in the first quarter. Illinois Municipal Retirement Fund now owns 20,575 shares of the electronics maker’s stock worth $1,961,000 after acquiring an additional 924 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Advanced Energy Industries by 9.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the electronics maker’s stock worth $207,000 after acquiring an additional 187 shares during the last quarter. Sheets Smith Wealth Management grew its position in shares of Advanced Energy Industries by 3.9% during the 1st quarter. Sheets Smith Wealth Management now owns 7,403 shares of the electronics maker’s stock valued at $706,000 after acquiring an additional 276 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Advanced Energy Industries by 621.2% in the 1st quarter. Blue Trust Inc. now owns 2,957 shares of the electronics maker’s stock worth $282,000 after purchasing an additional 2,547 shares in the last quarter. 99.67% of the stock is currently owned by 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.