Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $124.67.
A number of research analysts have issued reports on AEIS shares. Stifel Nicolaus restated a "buy" rating and set a $130.00 target price (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. 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. Citigroup boosted their price target on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Finally, Needham & Company LLC reduced their price target on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st.
Check Out Our Latest Analysis on AEIS
Institutional Investors Weigh In On Advanced Energy Industries
Several hedge funds have recently bought and sold shares of AEIS. Choreo LLC purchased a new position in shares of Advanced Energy Industries in the fourth quarter worth about $204,000. Peterson Wealth Services boosted its position in Advanced Energy Industries by 6.5% during the 4th quarter. Peterson Wealth Services now owns 8,617 shares of the electronics maker's stock valued at $996,000 after buying an additional 528 shares during the period. Legato Capital Management LLC increased its position in Advanced Energy Industries by 59.7% during the 4th quarter. Legato Capital Management LLC now owns 22,408 shares of the electronics maker's stock valued at $2,591,000 after purchasing an additional 8,379 shares during the period. Principal Securities Inc. increased its position in Advanced Energy Industries by 16.1% during the 4th quarter. Principal Securities Inc. now owns 989 shares of the electronics maker's stock valued at $114,000 after purchasing an additional 137 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Advanced Energy Industries by 4.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 18,816 shares of the electronics maker's stock valued at $2,176,000 after buying an additional 726 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.
Advanced Energy Industries Trading Down 3.1%
NASDAQ AEIS traded down $3.88 during trading hours on Wednesday, hitting $122.80. The company's stock had a trading volume of 148,279 shares, compared to its average volume of 271,794. The stock has a fifty day moving average of $107.73 and a 200 day moving average of $111.39. Advanced Energy Industries has a twelve month low of $75.01 and a twelve month high of $132.16. The firm has a market capitalization of $4.62 billion, a P/E ratio of 85.87, a PEG ratio of 1.39 and a beta of 1.50. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.26. The business had revenue of $404.60 million for the quarter, compared to analyst estimates of $392.36 million. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. The firm's quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the business posted $0.58 earnings per share. Equities research analysts forecast that Advanced Energy Industries will post 3.66 earnings per share for the current fiscal year.
Advanced Energy Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, May 26th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. Advanced Energy Industries's dividend payout ratio (DPR) is currently 20.62%.
Advanced Energy Industries Company Profile
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Get Free ReportAdvanced 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.
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