Advanced Energy Industries (NASDAQ:AEIS) Given New $350.00 Price Target at TD Cowen

Key Points

• TD Cowen raised its price target to $350 (from $300) but kept a "hold" rating; overall analyst sentiment skews positive with a consensus price target of $355.50 and several firms (KeyCorp, Baird, Needham) issuing higher targets.
• Q1 results beat expectations — EPS $2.09 vs. $1.96 and revenue $511M (+26.3% YoY) — however management's Q2 guidance (EPS $1.93–$2.43) and a $48M inventory build raised short‑term cash‑flow and working‑capital concerns.
• Notable insider selling (CEO sold 50,000 shares) and a recent intraday pullback to about $352.92, combined with a high P/E (~92.8), may weigh on sentiment despite solid quarterly performance.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its price target hoisted by analysts at TD Cowen from $300.00 to $350.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "hold" rating on the electronics maker's stock. TD Cowen's price objective indicates a potential downside of 0.83% from the company's previous close.

Several other equities analysts have also recently weighed in on the stock. Wall Street Zen raised shares of Advanced Energy Industries from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. Bank of America lifted their price objective on shares of Advanced Energy Industries from $260.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, January 22nd. KeyCorp raised their target price on shares of Advanced Energy Industries from $375.00 to $415.00 and gave the stock an "overweight" rating in a report on Tuesday. Robert W. Baird raised their target price on shares of Advanced Energy Industries from $360.00 to $380.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Advanced Energy Industries in a report on Friday, March 27th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries has an average rating of "Moderate Buy" and a consensus price target of $355.50.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS traded down $34.12 during midday trading on Tuesday, reaching $352.92. The stock had a trading volume of 1,099,880 shares, compared to its average volume of 711,368. The stock has a 50-day moving average of $341.89 and a 200-day moving average of $269.24. The company has a market capitalization of $13.36 billion, a price-to-earnings ratio of 92.75, a price-to-earnings-growth ratio of 2.85 and a beta of 1.40. Advanced Energy Industries has a 12-month low of $106.48 and a 12-month high of $397.44.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The electronics maker reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.13. The firm had revenue of $511.00 million during the quarter, compared to analysts' expectations of $505.81 million. Advanced Energy Industries had a net margin of 8.25% and a return on equity of 15.72%. The company's revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 earnings per share. Advanced Energy Industries has set its Q2 2026 guidance at 1.930-2.430 EPS. As a group, analysts forecast that Advanced Energy Industries will post 7.05 EPS for the current fiscal year.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, CEO Stephen Douglas Kelley sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $316.62, for a total transaction of $15,831,000.00. Following the sale, the chief executive officer owned 80,376 shares of the company's stock, valued at approximately $25,448,649.12. The trade was a 38.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Elizabeth Karpinski Vonne sold 966 shares of the business's stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $369.40, for a total transaction of $356,840.40. Following the sale, the executive vice president directly owned 11,616 shares in the company, valued at approximately $4,290,950.40. This represents a 7.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 58,478 shares of company stock worth $18,567,013 in the last 90 days. 1.30% of the stock is owned by insiders.

Institutional Trading of Advanced Energy Industries

Hedge funds have recently added to or reduced their stakes in the company. Lisanti Capital Growth LLC acquired a new position in Advanced Energy Industries during the third quarter worth about $3,464,000. Envestnet Asset Management Inc. boosted its position in Advanced Energy Industries by 6.8% during the third quarter. Envestnet Asset Management Inc. now owns 262,517 shares of the electronics maker's stock worth $44,665,000 after acquiring an additional 16,607 shares during the last quarter. Tributary Capital Management LLC boosted its position in Advanced Energy Industries by 92.5% during the third quarter. Tributary Capital Management LLC now owns 344,654 shares of the electronics maker's stock worth $58,639,000 after acquiring an additional 165,655 shares during the last quarter. Congress Asset Management Co. acquired a new position in Advanced Energy Industries during the fourth quarter worth about $47,502,000. Finally, Elevation Point Wealth Partners LLC boosted its position in Advanced Energy Industries by 595.2% during the third quarter. Elevation Point Wealth Partners LLC now owns 5,068 shares of the electronics maker's stock worth $862,000 after acquiring an additional 4,339 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Advanced Energy Industries

Here are the key news stories impacting Advanced Energy Industries this week:

• Positive Sentiment: Q1 results beat expectations — EPS $2.09 (above consensus) and revenue $511M; management reported non‑GAAP gross margin above 40%, signaling improving profitability. Advanced Energy Reports First Quarter 2026 Results
• Positive Sentiment: Needham raised its price target to $400 and reiterated a Buy rating, showing optimism on upside versus the current price. Benzinga: Needham Raise The Fly: Needham Raise
• Positive Sentiment: Robert W. Baird raised its target to $380 and keeps an Outperform rating, another sign of analyst confidence in medium‑term revenue and margin trends. Tickerreport: Baird Raise
• Neutral Sentiment: Full Q1 call materials and transcript are available for deeper detail on product demand, backlog and margin drivers. (Use these to confirm management commentary on inventory and working capital timing.) Q1 2026 Earnings Call Transcript Q1 Slide Deck
• Negative Sentiment: Q2 guidance was mixed: EPS guide of $1.93–$2.43 (low end slightly below consensus) and revenue $520M–$560M; the conservative low‑end EPS and midpoint near consensus left limited near‑term upside. Q2 Guidance (Slide Deck)
• Negative Sentiment: Market commentary flagged a Q1 operating cash outflow driven by a $48M inventory build to support demand — investors see short‑term cash and working‑capital risk if demand or supply timing slips. QuiverQuant: Q2 Outlook & Inventory Concerns
• Negative Sentiment: Wells Fargo raised its target only slightly to $345 and kept an Equal Weight rating — its target implies limited upside (and modest downside from current levels), adding to mixed analyst signals. Benzinga: Wells Fargo Update
• Negative Sentiment: Notable insider selling activity has been reported (multiple executive sales over recent months), which can weigh on sentiment even if unrelated to fundamentals. QuiverQuant: Insider & Institutional Activity

About Advanced Energy Industries

Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.

Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.

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