Advanced Energy Industries’ (AEIS) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report report published on Thursday morning, Benzinga reports.

AEIS has been the subject of a number of other reports. StockNews.com lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Wells Fargo & Company reduced their price target on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. TD Cowen cut their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Thursday. Citigroup lowered Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a report on Monday, July 15th. Finally, Susquehanna lowered their price target on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $112.75.

Advanced Energy Industries Trading Up 1.0 %

Advanced Energy Industries stock opened at $109.57 on Thursday. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 96.11, a price-to-earnings-growth ratio of 5.49 and a beta of 1.48. Advanced Energy Industries has a 1 year low of $85.26 and a 1 year high of $119.75. The firm’s 50 day moving average price is $104.05 and its two-hundred day moving average price is $104.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.62.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The business had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. During the same period in the previous year, the firm posted $1.12 EPS. The company’s quarterly revenue was down 8.7% on a year-over-year basis. On average, research analysts predict that Advanced Energy Industries will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is 35.09%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AEIS. Hilltop National Bank increased its stake in shares of Advanced Energy Industries by 13.4% in the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 116 shares during the period. Azzad Asset Management Inc. ADV increased its position in Advanced Energy Industries by 1.7% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock worth $796,000 after buying an additional 124 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Advanced Energy Industries by 5.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after buying an additional 130 shares during the last quarter. Pitcairn Co. boosted its position in shares of Advanced Energy Industries by 3.9% in the first quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock valued at $449,000 after acquiring an additional 164 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Advanced Energy Industries by 2.0% in the second quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock worth $1,136,000 after acquiring an additional 203 shares during the last quarter. Institutional investors 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.