Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $124.67.
Several brokerages have issued reports on AEIS. Citigroup increased 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. 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. Wells Fargo & Company reduced their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Wall Street Zen upgraded shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Robert W. Baird raised their price objective on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st.
Get Our Latest Research Report on Advanced Energy Industries
Advanced Energy Industries Trading Down 0.4%
AEIS stock traded down $0.49 during mid-day trading on Wednesday, reaching $127.23. The company's stock had a trading volume of 32,835 shares, compared to its average volume of 269,846. Advanced Energy Industries has a 12 month low of $75.01 and a 12 month high of $132.16. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The business's 50 day moving average price is $105.98 and its 200 day moving average price is $111.29. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 88.97, a price-to-earnings-growth ratio of 1.39 and a beta of 1.50.
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 for the quarter, beating the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. The company had revenue of $404.60 million during the quarter, compared to analyst estimates of $392.36 million. During the same quarter in the previous year, the business posted $0.58 EPS. Advanced Energy Industries's revenue for the quarter was up 23.5% compared to the same quarter last year. On average, equities research analysts predict that Advanced Energy Industries will post 3.66 EPS for the current year.
Advanced Energy Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date was Friday, May 23rd. Advanced Energy Industries's payout ratio is 20.62%.
Hedge Funds Weigh In On Advanced Energy Industries
Several hedge funds have recently modified their holdings of the company. Summit Partners Public Asset Management LLC bought a new position in shares of Advanced Energy Industries in the fourth quarter valued at approximately $71,494,000. Norges Bank purchased a new position in Advanced Energy Industries in the fourth quarter worth $68,949,000. Silvercrest Asset Management Group LLC bought a new position in Advanced Energy Industries in the 4th quarter valued at $58,393,000. GAMMA Investing LLC increased its position in shares of Advanced Energy Industries by 15,632.7% during the 1st quarter. GAMMA Investing LLC now owns 193,670 shares of the electronics maker's stock valued at $18,459,000 after purchasing an additional 192,439 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Advanced Energy Industries by 21.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock worth $89,565,000 after purchasing an additional 138,814 shares during the period. Institutional investors own 99.67% of the company's stock.
About Advanced Energy Industries
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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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