Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $124.67.

Several equities analysts have weighed in on the company. Wells Fargo & Company cut their target price on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Needham & Company LLC cut their target price on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Citigroup raised their target price on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 5th. Robert W. Baird raised their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $130.00 price objective (down from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st.

Advanced Energy Industries Stock Down 0.1%

Shares of Advanced Energy Industries stock traded down $0.06 during midday trading on Friday, hitting $115.94. The company's stock had a trading volume of 178,444 shares, compared to its average volume of 266,024. The firm has a market capitalization of $4.37 billion, a P/E ratio of 81.08, a PEG ratio of 1.39 and a beta of 1.50. Advanced Energy Industries has a 1-year low of $75.01 and a 1-year high of $132.16. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $100.39 and a 200-day simple moving average of $110.75.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.26. The firm had revenue of $404.60 million during the quarter, compared to analysts' expectations of $392.36 million. Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. The business's revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share. As a group, sell-side analysts expect that Advanced Energy Industries will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Monday, May 26th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Friday, May 23rd. Advanced Energy Industries's dividend payout ratio (DPR) is presently 20.62%.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the sale, the chief operating officer now directly owns 19,822 shares of the company's stock, valued at approximately $2,212,333.42. The trade was a 49.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Advanced Energy Industries

A number of institutional investors have recently added to or reduced their stakes in AEIS. Caitong International Asset Management Co. Ltd acquired a new position in shares of Advanced Energy Industries in the 1st quarter worth approximately $31,000. Russell Investments Group Ltd. boosted its holdings in shares of Advanced Energy Industries by 61.6% in the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock worth $41,000 after acquiring an additional 135 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Advanced Energy Industries in the 4th quarter worth approximately $47,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Advanced Energy Industries in the 4th quarter worth approximately $51,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Advanced Energy Industries by 47.7% in the 1st quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker's stock worth $51,000 after acquiring an additional 174 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

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.