Analysts Set Advanced Energy Industries, Inc. (NASDAQ:AEIS) Target Price at $125.78

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $126.89.

Several brokerages recently commented on AEIS. Wells Fargo & Company increased their target price on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday. Benchmark reaffirmed a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. TD Cowen lowered their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Finally, Needham & Company LLC upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Tuesday, January 7th.

Advanced Energy Industries Stock Up 0.6 %

Shares of AEIS stock opened at $118.07 on Friday. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 103.57, a P/E/G ratio of 6.92 and a beta of 1.46. Advanced Energy Industries has a 12-month low of $89.11 and a 12-month high of $128.70. The firm has a fifty day moving average of $116.15 and a 200-day moving average of $109.42. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, beating 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 company had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. During the same period in the previous year, the company posted $1.12 earnings per share. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. As a group, equities research analysts predict that Advanced Energy Industries will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is 35.09%.

Insiders Place Their Bets

In other news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Advanced Energy Industries

A number of institutional investors have recently modified their holdings of AEIS. Versant Capital Management Inc raised its stake in Advanced Energy Industries by 535.3% during the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 182 shares in the last quarter. Huntington National Bank increased its position in Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 208 shares in the last quarter. Quantbot Technologies LP bought a new position in Advanced Energy Industries in the 3rd quarter valued at approximately $41,000. Meeder Asset Management Inc. boosted its position in Advanced Energy Industries by 68.4% in the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after buying an additional 186 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Advanced Energy Industries during the second quarter worth $87,000. 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.