Advanced Energy Industries (NASDAQ:AEIS) Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a hold rating to a sell rating in a research note released on Friday morning.

AEIS has been the subject of a number of other reports. Wells Fargo & Company raised their price objective on Advanced Energy Industries from $97.00 to $103.00 and gave the stock an equal weight rating in a research 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 research note on Wednesday, July 31st. Citigroup cut shares of Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 price objective for the company. in a research report on Monday, July 15th. TD Cowen boosted their target price on Advanced Energy Industries from $100.00 to $120.00 and gave the company a hold rating in a research report on Wednesday, July 31st. Finally, Susquehanna raised their price target on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a neutral rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $114.89.

Advanced Energy Industries Price Performance

Shares of AEIS stock opened at $101.59 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. The company has a market capitalization of $3.80 billion, a PE ratio of 37.31, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50. The firm’s 50-day moving average is $104.83 and its two-hundred day moving average is $103.28. Advanced Energy Industries has a 12 month low of $81.86 and a 12 month high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating the consensus estimate of $0.71 by $0.14. The firm had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. Analysts predict that Advanced Energy Industries will post 2.47 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Monday, August 26th. Advanced Energy Industries’s payout ratio is presently 14.71%.

Institutional Trading of Advanced Energy Industries

Several hedge funds have recently added to or reduced their stakes in AEIS. Norges Bank acquired a new position in Advanced Energy Industries during the 4th quarter worth approximately $43,516,000. Earnest Partners LLC raised its stake in Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after buying an additional 199,578 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Advanced Energy Industries by 63.7% during the 4th quarter. Wells Fargo & Company MN now owns 369,438 shares of the electronics maker’s stock worth $40,239,000 after buying an additional 143,692 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Advanced Energy Industries by 22.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after acquiring an additional 118,328 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Advanced Energy Industries by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock valued at $58,754,000 after acquiring an additional 102,659 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

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.