Advanced Energy Industries, Inc. (NASDAQ:AEIS) Given Average Rating of “Moderate Buy” by Brokerages

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been given an average rating of “Moderate Buy” by the ten brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $124.67.

Several research firms recently issued reports on AEIS. Stifel Nicolaus reiterated a “buy” rating and issued a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Needham & Company LLC cut their target price on shares of Advanced Energy Industries from $145.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Citigroup increased their price objective on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 5th. Finally, Robert W. Baird raised their price objective on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st.

Hedge Funds Weigh In On Advanced Energy Industries

Several institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in Advanced Energy Industries during the first quarter worth about $31,000. Russell Investments Group Ltd. raised its position in shares of Advanced Energy Industries by 61.6% during the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker’s stock worth $41,000 after purchasing an additional 135 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Advanced Energy Industries during the fourth quarter worth about $47,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Advanced Energy Industries during the 4th quarter valued at about $51,000. Finally, Advisors Asset Management Inc. grew its position in shares of Advanced Energy Industries by 47.7% in the 1st quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker’s stock valued at $51,000 after purchasing an additional 174 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

AEIS stock opened at $124.54 on Wednesday. The company has a 50 day moving average price of $109.21 and a 200 day moving average price of $111.51. Advanced Energy Industries has a fifty-two week low of $75.01 and a fifty-two week high of $132.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.43 and a quick ratio of 3.28. The stock has a market capitalization of $4.69 billion, a PE ratio of 64.20, a price-to-earnings-growth ratio of 1.15 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating the consensus estimate of $0.97 by $0.26. The company had revenue of $404.60 million during the quarter, compared to analysts’ expectations of $392.36 million. Advanced Energy Industries had a return on equity of 10.70% and a net margin of 4.73%. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period last year, the firm earned $0.58 EPS. Analysts forecast that Advanced Energy Industries will post 3.66 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Monday, May 26th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Friday, May 23rd. Advanced Energy Industries’s dividend payout ratio is currently 20.62%.

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.