Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report)'s share price reached 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.
Analysts Set New Price Targets
AEIS has been the subject of several analyst reports. Robert W. Baird upped their price target on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Citigroup upped their price target on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Wall Street Zen upgraded Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th. Needham & Company LLC lowered 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. Finally, KeyCorp raised their price target on Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $130.20.
Read Our Latest Research Report on Advanced Energy Industries
Advanced Energy Industries Trading Down 1.4%
The stock has a market cap of $5.31 billion, a PE ratio of 72.63, a PEG ratio of 1.31 and a beta of 1.52. The business has a 50-day moving average of $129.07 and a 200 day moving average of $115.30. 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 posted 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 firm had revenue of $404.60 million during the quarter, compared to analysts' expectations of $392.36 million. Advanced Energy Industries had a return on equity of 10.70% and a net margin of 4.73%. The firm's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS. Equities research analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.
Insider Transactions at Advanced Energy Industries
In other Advanced Energy Industries news, EVP Paul R. Oldham sold 1,173 shares of Advanced Energy Industries stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $131.29, for a total value of $154,003.17. Following the completion of the sale, the executive vice president 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 through this link. Also, EVP John Donaghey sold 2,000 shares of Advanced Energy Industries stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total value of $280,000.00. Following the completion of the sale, the executive vice president owned 11,029 shares of the company's stock, valued at $1,544,060. This trade represents a 15.35% 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
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. grew its holdings in Advanced Energy Industries by 42.9% in the 2nd quarter. UMB Bank n.a. now owns 313 shares of the electronics maker's stock valued at $41,000 after buying an additional 94 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Advanced Energy Industries during the 1st quarter worth about $31,000. Russell Investments Group Ltd. grew its holdings in shares of Advanced Energy Industries by 61.6% during the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock worth $41,000 after purchasing an additional 135 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Advanced Energy Industries during the 4th quarter worth about $47,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Advanced Energy Industries during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 99.67% of the company's stock.
Advanced Energy Industries Company Profile
(
Get Free Report)
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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