Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Free Report)’s share price reached a new 52-week low during trading on Thursday. The stock traded as low as $182.73 and last traded at $179.55, with a volume of 235,843 shares traded. The stock had previously closed at $211.56.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Morgan Stanley dropped their price target on Advanced Energy Industries from $375.00 to $368.00 and set an “overweight” rating for the company in a research report on Tuesday. Wells Fargo & Company reduced their target price on shares of Advanced Energy Industries from $360.00 to $310.00 and set an “overweight” rating on the stock in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 target price on shares of Advanced Energy Industries in a report on Tuesday, August 4th. TD Cowen cut their target price on Advanced Energy Industries from $370.00 to $275.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Energy Industries in a research note on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $391.64.
View Our Latest Analysis on Advanced Energy Industries
Advanced Energy Industries Stock Performance
The stock’s 50 day moving average is $263.85 and its 200 day moving average is $306.91. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 27.00 and a beta of 1.38. The company has a current ratio of 3.62, a quick ratio of 2.94 and a debt-to-equity ratio of 0.71.
Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) last announced its earnings results on Monday, November 2nd. The electronics maker reported $3.65 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.61. The firm had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $644.85 million. Advanced Energy Industries had a return on equity of 24.95% and a net margin of 12.72%. Advanced Energy Industries’s quarterly revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 EPS. On average, analysts predict that Advanced Energy Industries, Inc. will post 9.55 earnings per share for the current year.
Advanced Energy Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Monday, November 23rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Advanced Energy Industries’s payout ratio is currently 7.46%.
Insider Buying and Selling at Advanced Energy Industries
In related news, COO Eduardo Acebedo sold 24,771 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total transaction of $7,814,755.08. Following the transaction, the chief operating officer directly owned 23,109 shares in the company, valued at approximately $7,290,427.32. This represents a 51.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Elizabeth Vonne sold 908 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total value of $302,073.44. Following the completion of the sale, the executive vice president directly owned 10,712 shares in the company, valued at approximately $3,563,668.16. The trade was a 7.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 27,218 shares of company stock valued at $8,562,008 over the last quarter. Insiders own 1.30% of the company’s stock.
Hedge Funds Weigh In On Advanced Energy Industries
A number of hedge funds have recently made changes to their positions in AEIS. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Advanced Energy Industries during the second quarter valued at $27,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Advanced Energy Industries during the 1st quarter worth about $29,000. Root Financial Partners LLC boosted its position in Advanced Energy Industries by 33.3% during the 1st quarter. Root Financial Partners LLC now owns 108 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 27 shares during the period. Fortitude Family Office LLC grew its stake in Advanced Energy Industries by 286.2% during the 3rd quarter. Fortitude Family Office LLC now owns 112 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 83 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Advanced Energy Industries during the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 99.67% of the company’s stock.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc develops and manufactures precision power-conversion, measurement and control technologies. Its products are designed to regulate, transform and deliver electrical power with high levels of accuracy and reliability in demanding industrial applications.
The company’s portfolio includes direct-current and alternating-current power supplies, radio-frequency power systems, high-voltage power supplies, thermal-management equipment, power control modules, and measurement and control instruments.
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