Robert W. Baird Cuts Advanced Energy Industries (NASDAQ:AEIS) Price Target to $124.00

Advanced Energy Industries (NASDAQ:AEIS) had its price objective cut by Robert W. Baird from $128.00 to $124.00 in a report published on Friday, Benzinga reports. They currently have an outperform rating on the electronics maker’s stock.

Several other analysts have also commented on AEIS. Citigroup lowered shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price objective on the stock. in a research report on Monday, July 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a report on Thursday. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. TD Cowen lowered their target price on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, StockNews.com downgraded Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $112.75.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS opened at $109.57 on Friday. The company has a market capitalization of $4.13 billion, a PE ratio of 96.11, a PEG ratio of 5.49 and a beta of 1.48. The company has a quick ratio of 4.22, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $104.05 and its 200-day moving average price is $104.91. Advanced Energy Industries has a twelve month low of $85.26 and a twelve month high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.12 earnings per share. The business’s revenue was down 8.7% on a year-over-year basis. On average, equities analysts anticipate that Advanced Energy Industries will post 2.47 EPS for the current year.

Advanced Energy Industries Dividend Announcement

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

Hedge Funds Weigh In On Advanced Energy Industries

A number of large investors have recently modified their holdings of AEIS. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 383 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Advanced Energy Industries in the second quarter worth $87,000. Blue Trust Inc. raised its position in shares of Advanced Energy Industries by 2,150.0% in the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock worth $88,000 after buying an additional 774 shares in the last quarter. Signaturefd LLC boosted its stake in Advanced Energy Industries by 28.0% during the third quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker’s stock valued at $106,000 after buying an additional 220 shares during the period. Finally, Hilltop National Bank grew its position in Advanced Energy Industries by 13.4% during the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after buying an additional 116 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

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.