Susquehanna Cuts Advanced Energy Industries (NASDAQ:AEIS) Price Target to $92.00

Advanced Energy Industries (NASDAQ:AEIS) had its target price lowered by Susquehanna from $103.00 to $92.00 in a report released on Friday, Benzinga reports. The firm currently has a neutral rating on the electronics maker’s stock.

Several other equities analysts have also recently weighed in on AEIS. Needham & Company LLC reiterated a hold rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Stifel Nicolaus initiated coverage on Advanced Energy Industries in a report on Thursday, August 15th. They set a buy rating and a $135.00 price objective on the stock. 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 note on Wednesday, July 31st. StockNews.com cut Advanced Energy Industries from a hold rating to a sell rating in a research note on Friday, September 20th. Finally, Baird R W upgraded Advanced Energy Industries to a strong-buy rating in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $113.11.

Advanced Energy Industries Trading Up 1.8 %

NASDAQ:AEIS opened at $109.32 on Friday. The stock’s 50 day moving average price is $102.47 and its 200 day moving average price is $103.89. Advanced Energy Industries has a 52 week low of $81.86 and a 52 week high of $119.75. The company has a market capitalization of $4.12 billion, a P/E ratio of 45.55, a P/E/G ratio of 5.41 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, topping 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 the consensus estimate of $350.06 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The firm’s revenue was down 12.2% on a year-over-year basis. On average, research analysts forecast that Advanced Energy Industries will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Advanced Energy Industries’s dividend payout ratio is currently 16.67%.

Institutional Trading of Advanced Energy Industries

Several institutional investors and hedge funds have recently modified their holdings of AEIS. Inspire Investing LLC boosted its stake in shares of Advanced Energy Industries by 20.9% during the third quarter. Inspire Investing LLC now owns 3,905 shares of the electronics maker’s stock valued at $411,000 after purchasing an additional 674 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Advanced Energy Industries by 51.1% during the third quarter. GAMMA Investing LLC now owns 946 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 320 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Advanced Energy Industries by 30.8% during the third quarter. Handelsbanken Fonder AB now owns 9,337 shares of the electronics maker’s stock valued at $983,000 after purchasing an additional 2,200 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Advanced Energy Industries by 37.6% during the third quarter. SG Americas Securities LLC now owns 5,520 shares of the electronics maker’s stock valued at $581,000 after purchasing an additional 1,508 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Advanced Energy Industries during the second quarter valued at about $250,000. 99.67% of the stock is currently owned by institutional investors.

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.