Advanced Energy Industries (NASDAQ:AEIS) Price Target Raised to $140.00

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its price objective hoisted by Citigroup from $138.00 to $140.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the electronics maker's stock. Citigroup's target price would suggest a potential upside of 27.23% from the company's current price.

Several other equities research analysts also recently issued reports on the stock. Needham & Company LLC dropped their target price on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday. StockNews.com downgraded shares of Advanced Energy Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Robert W. Baird increased 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 note on Thursday. Wells Fargo & Company reduced their price objective on 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. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $130.00 target price (down previously from $135.00) on shares of Advanced Energy Industries in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $124.67.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock traded down $1.25 during trading hours on Monday, reaching $110.04. 367,044 shares of the company were exchanged, compared to its average volume of 260,889. 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 stock has a 50-day moving average of $98.68 and a 200 day moving average of $110.14. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 76.95, a PEG ratio of 1.39 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.26. The business had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. Advanced Energy Industries's quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. As a group, research analysts anticipate that Advanced Energy Industries will post 3.66 earnings per share for the current year.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now owns 3,492 shares in the company, valued at approximately $451,760.04. The trade was a 31.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the transaction, the chief operating officer now owns 19,822 shares in the company, valued at $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Advanced Energy Industries

Several hedge funds have recently added to or reduced their stakes in AEIS. Versant Capital Management Inc increased its stake in shares of Advanced Energy Industries by 535.3% in the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 182 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Advanced Energy Industries by 61.6% in the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock valued at $41,000 after purchasing an additional 135 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Advanced Energy Industries in the fourth quarter valued at approximately $47,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Advanced Energy Industries in the fourth quarter worth $51,000. Finally, Fifth Third Bancorp boosted its position in shares of Advanced Energy Industries by 71.5% during the first quarter. Fifth Third Bancorp now owns 559 shares of the electronics maker's stock worth $53,000 after purchasing an additional 233 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

About Advanced Energy Industries

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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