Advanced Energy Industries (NASDAQ:AEIS) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a sell rating to a hold rating in a research report released on Monday.

A number of other equities analysts have also commented on the stock. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Benchmark reissued a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. TD Cowen lowered their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a report on Thursday, October 31st. Finally, Citigroup lowered shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a report on Monday, July 15th. Eight analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $112.75.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock opened at $117.32 on Monday. The stock has a 50-day moving average price of $104.54 and a two-hundred day moving average price of $105.46. Advanced Energy Industries has a 12 month low of $85.26 and a 12 month high of $120.81. The company has a market capitalization of $4.42 billion, a PE ratio of 102.91, a P/E/G ratio of 6.49 and a beta of 1.48. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. During the same quarter last year, the business earned $1.12 EPS. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. Analysts expect that Advanced Energy Industries will post 2.51 EPS for the current year.

Advanced Energy Industries Announces Dividend

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

Institutional Investors Weigh In On Advanced Energy Industries

A number of large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its position in shares of Advanced Energy Industries by 9.9% during the 1st quarter. BNP Paribas Financial Markets now owns 178,056 shares of the electronics maker’s stock worth $18,158,000 after purchasing an additional 16,036 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Advanced Energy Industries by 37.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,497 shares of the electronics maker’s stock worth $357,000 after buying an additional 954 shares during the period. FORA Capital LLC boosted its holdings in Advanced Energy Industries by 26.6% in the first quarter. FORA Capital LLC now owns 4,973 shares of the electronics maker’s stock worth $507,000 after acquiring an additional 1,045 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Advanced Energy Industries in the first quarter valued at approximately $114,000. Finally, GSA Capital Partners LLP acquired a new stake in Advanced Energy Industries in the first quarter valued at approximately $799,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.