Advanced Energy Industries (NASDAQ:AEIS) Given “Buy” Rating at Benchmark

Benchmark reissued their buy rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report released on Wednesday morning,Benzinga reports. The firm currently has a $125.00 price objective on the electronics maker’s stock.

A number of other research firms also recently issued reports on AEIS. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. TD Cowen dropped their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Susquehanna dropped their price target on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research note on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price target on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $113.75.

Advanced Energy Industries Trading Up 2.4 %

AEIS opened at $115.19 on Wednesday. Advanced Energy Industries has a one year low of $89.11 and a one year high of $120.81. The company has a market cap of $4.34 billion, a P/E ratio of 101.04, a PEG ratio of 6.60 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The business’s 50-day simple moving average is $107.87 and its 200-day simple moving average is $106.80.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data 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 business had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. During the same quarter in the prior year, the business posted $1.12 EPS. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. As a group, equities research analysts expect that Advanced Energy Industries will post 2.5 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. Investors of record on Monday, November 25th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 annualized dividend and a yield of 0.35%. Advanced Energy Industries’s payout ratio is currently 35.09%.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was 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 directly owns 5,092 shares in the company, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Advanced Energy Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEIS. Vanguard Group Inc. grew its stake in shares of Advanced Energy Industries by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after buying an additional 73,028 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after buying an additional 199,578 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Advanced Energy Industries by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock valued at $103,428,000 after buying an additional 15,577 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Advanced Energy Industries by 1.7% in the third quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock valued at $93,094,000 after buying an additional 15,030 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after buying an additional 118,328 shares in the last quarter. 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.