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

Advanced Energy Industries (NASDAQ:AEIS - Free Report) had its price objective raised by Citigroup from $138.00 to $140.00 in a research note issued to investors on Monday, Marketbeat reports. They currently have a buy rating on the electronics maker's stock.

A number of other equities research analysts have also weighed in on the company. Needham & Company LLC dropped their price target on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. StockNews.com downgraded Advanced Energy Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Robert W. Baird raised their target price 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. Stifel Nicolaus reiterated 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. Finally, 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 note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.67.

Advanced Energy Industries Stock Up 1.5 %

Shares of Advanced Energy Industries stock traded up $1.64 on Monday, reaching $112.20. The stock had a trading volume of 265,224 shares, compared to its average volume of 261,995. Advanced Energy Industries has a 1 year low of $75.01 and a 1 year high of $132.16. The company has a 50 day moving average price of $98.29 and a 200 day moving average price of $110.20. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $4.22 billion, a P/E ratio of 78.46, a P/E/G ratio of 1.39 and a beta of 1.50.

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

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Monday, May 26th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. Advanced Energy Industries's dividend payout ratio (DPR) is 20.62%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Advanced Energy Industries

A number of hedge funds have recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in shares of Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock worth $25,000 after buying an additional 182 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Advanced Energy Industries by 61.6% during 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 during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Advanced Energy Industries in the fourth quarter valued at $47,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Advanced Energy Industries in the 4th quarter valued at $51,000. Finally, Fifth Third Bancorp grew its holdings in shares of Advanced Energy Industries by 71.5% during the 1st quarter. Fifth Third Bancorp now owns 559 shares of the electronics maker's stock worth $53,000 after purchasing an additional 233 shares during the period. Hedge funds and other institutional investors own 99.67% of the company's stock.

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.