StockNews.com Upgrades Advanced Energy Industries (NASDAQ:AEIS) to “Hold”

Advanced Energy Industries (NASDAQ:AEIS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Other research analysts have also recently issued reports about the company. Susquehanna boosted their price target on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Benchmark reissued a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Wells Fargo & Company boosted their price target on Advanced Energy Industries from $97.00 to $103.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Finally, Stifel Nicolaus started coverage on Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price target on the stock. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Energy Industries has an average rating of “Hold” and an average target price of $113.25.

Advanced Energy Industries Stock Up 2.7 %

AEIS stock opened at $98.63 on Thursday. Advanced Energy Industries has a twelve month low of $81.86 and a twelve month high of $119.75. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. The stock has a market cap of $3.72 billion, a P/E ratio of 36.26, a PEG ratio of 4.88 and a beta of 1.50. The business’s 50-day moving average price is $105.69 and its 200-day moving average price is $103.31.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The firm had revenue of $364.95 million for the quarter, compared to analysts’ expectations of $350.06 million. During the same period in the previous year, the firm earned $0.95 EPS. The business’s quarterly revenue was down 12.2% on a year-over-year basis. On average, equities research analysts forecast that Advanced Energy Industries will post 2.47 EPS for the current year.

Institutional Trading of Advanced Energy Industries

Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Advanced Energy Industries during the 1st quarter valued at approximately $1,003,000. Norges Bank bought a new position in shares of Advanced Energy Industries during the 4th quarter valued at approximately $43,516,000. GSA Capital Partners LLP bought a new position in shares of Advanced Energy Industries during the 1st quarter valued at approximately $799,000. SG Americas Securities LLC bought a new position in shares of Advanced Energy Industries during the 1st quarter valued at approximately $732,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of Advanced Energy Industries during the 1st quarter valued at approximately $1,197,000. Institutional investors own 99.67% of the company’s stock.

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.