Brokerages Set Advanced Energy Industries, Inc. (NASDAQ:AEIS) PT at $113.11

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been given an average rating of “Moderate Buy” by the twelve research firms that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $112.89.

A number of equities research analysts recently commented on the company. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price on the stock. Robert W. Baird assumed coverage on Advanced Energy Industries in a research report on Friday, September 20th. They issued an “outperform” rating and a $128.00 target price on the stock. TD Cowen dropped their target price on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Thursday. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Finally, Wells Fargo & Company dropped their target price on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 383 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Advanced Energy Industries in the 2nd quarter worth $87,000. Blue Trust Inc. increased its stake in shares of Advanced Energy Industries by 2,150.0% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock worth $88,000 after acquiring an additional 774 shares during the last quarter. Hilltop National Bank increased its stake in shares of Advanced Energy Industries by 13.4% in the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after acquiring an additional 116 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Advanced Energy Industries in the 2nd quarter worth $109,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Performance

AEIS opened at $108.53 on Tuesday. Advanced Energy Industries has a 52-week low of $81.86 and a 52-week 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 company has a market cap of $4.09 billion, a P/E ratio of 45.22, a price-to-earnings-growth ratio of 5.41 and a beta of 1.49. The firm’s 50-day moving average price is $104.07 and its 200-day moving average price is $104.74.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. 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 company’s revenue for the quarter was down 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Energy Industries will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Advanced Energy Industries’s dividend payout ratio (DPR) is 16.67%.

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.