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

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $126.89.

A number of research firms recently commented on AEIS. KeyCorp reaffirmed an "overweight" rating on shares of Advanced Energy Industries in a research note on Wednesday, June 25th. Citigroup upped their target price on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Stifel Nicolaus reaffirmed a "buy" rating and set a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st. Robert W. Baird boosted their price target 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, Wall Street Zen upgraded Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a report on Friday, June 27th.

Insider Activity

In related news, EVP Paul R. Oldham sold 1,173 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $131.29, for a total value of $154,003.17. Following the sale, the executive vice president directly owned 31,006 shares in the company, valued at $4,070,777.74. The trade was a 3.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Advanced Energy Industries

Hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Advanced Energy Industries in the 1st quarter valued at about $31,000. Russell Investments Group Ltd. lifted its stake in shares of Advanced Energy Industries by 61.6% in the fourth 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 fourth quarter worth about $47,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Advanced Energy Industries during the fourth quarter valued at approximately $51,000. Finally, Advisors Asset Management Inc. raised its stake in Advanced Energy Industries by 47.7% during the first quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker's stock valued at $51,000 after buying an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock traded down $0.56 on Friday, hitting $137.58. 19,785 shares of the company's stock were exchanged, compared to its average volume of 279,926. The company has a 50-day simple moving average of $120.38 and a 200-day simple moving average of $112.85. The stock has a market capitalization of $5.18 billion, a PE ratio of 70.84, a PEG ratio of 1.27 and a beta of 1.52. Advanced Energy Industries has a 1 year low of $75.01 and a 1 year high of $139.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.28 and a current ratio of 4.43.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating the consensus estimate of $0.97 by $0.26. The firm had revenue of $404.60 million for the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The company's revenue was up 23.5% on a year-over-year basis. During the same period last year, the firm earned $0.58 EPS. As a group, equities analysts anticipate that Advanced Energy Industries will post 3.66 EPS for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Friday, May 23rd. Advanced Energy Industries's dividend payout ratio (DPR) is currently 20.62%.

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.