Advanced Energy Industries (NASDAQ:AEIS) Hits New 1-Year High - Here's Why

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $144.96 and last traded at $144.88, with a volume of 50067 shares. The stock had previously closed at $143.25.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AEIS shares. KeyCorp boosted their price objective on shares of Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Citigroup boosted their target price on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Robert W. Baird boosted their target price on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Wells Fargo & Company upped their price objective on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. Finally, Needham & Company LLC lowered their price objective on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $130.20.

Advanced Energy Industries Price Performance

The business's fifty day moving average is $127.24 and its 200-day moving average is $114.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.43 and a quick ratio of 3.28. The firm has a market cap of $5.37 billion, a PE ratio of 73.54, a P/E/G ratio of 1.32 and a beta of 1.52.

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, beating the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The company had revenue of $404.60 million during the quarter, compared to analysts' expectations of $392.36 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. Advanced Energy Industries's revenue for the quarter was up 23.5% on a year-over-year basis. On average, research analysts predict that Advanced Energy Industries, Inc. 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. Investors of record on Monday, May 26th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Friday, May 23rd. Advanced Energy Industries's dividend payout ratio (DPR) is 20.62%.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, EVP John Donaghey sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total transaction of $280,000.00. Following the sale, the executive vice president owned 11,029 shares in the company, valued at approximately $1,544,060. This trade represents a 15.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul R. Oldham sold 1,173 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $131.29, for a total transaction of $154,003.17. Following the transaction, the executive vice president owned 31,006 shares of the company's stock, valued at approximately $4,070,777.74. This represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Institutional Trading of Advanced Energy Industries

A number of large investors have recently made changes to their positions in AEIS. Sequoia Financial Advisors LLC raised its holdings in Advanced Energy Industries by 9.4% in the first quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the electronics maker's stock worth $207,000 after purchasing an additional 187 shares in the last quarter. GAMMA Investing LLC raised its holdings in Advanced Energy Industries by 65.1% in the first quarter. GAMMA Investing LLC now owns 2,032 shares of the electronics maker's stock worth $194,000 after purchasing an additional 801 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Advanced Energy Industries in the first quarter worth about $914,000. Vontobel Holding Ltd. raised its holdings in Advanced Energy Industries by 13.9% in the first quarter. Vontobel Holding Ltd. now owns 6,372 shares of the electronics maker's stock worth $607,000 after purchasing an additional 780 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Advanced Energy Industries by 6.7% in the first quarter. QRG Capital Management Inc. now owns 5,622 shares of the electronics maker's stock worth $536,000 after purchasing an additional 355 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

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.

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