Advanced Energy Industries (NASDAQ:AEIS - Free Report) had its price objective lifted by TD Cowen from $118.00 to $140.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a hold rating on the electronics maker's stock.
AEIS has been the topic of a number of other research reports. Citigroup upped their target price on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Needham & Company LLC decreased their price objective 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. KeyCorp lifted their target price on shares of Advanced Energy Industries from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Stifel Nicolaus set a $150.00 target price on shares of Advanced Energy Industries and gave the stock a "buy" rating in a research note on Monday. Finally, Wall Street Zen raised Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $138.90.
Read Our Latest Report on Advanced Energy Industries
Advanced Energy Industries Stock Up 2.9%
Shares of NASDAQ AEIS traded up $4.32 during mid-day trading on Wednesday, reaching $150.82. 470,329 shares of the company's stock traded hands, compared to its average volume of 389,263. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.09 and a quick ratio of 3.28. The business has a 50-day simple moving average of $134.74 and a 200 day simple moving average of $116.90. The stock has a market cap of $5.69 billion, a P/E ratio of 68.24, a PEG ratio of 1.30 and a beta of 1.52. Advanced Energy Industries has a 1-year low of $75.01 and a 1-year high of $152.23.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The electronics maker reported $1.50 EPS for the quarter, beating the consensus estimate of $1.28 by $0.22. Advanced Energy Industries had a net margin of 5.13% and a return on equity of 12.38%. The company had revenue of $441.50 million during the quarter, compared to the consensus estimate of $421.32 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. The firm's revenue for the quarter was up 21.0% on a year-over-year basis. On average, analysts expect that Advanced Energy Industries will post 3.66 EPS for the current fiscal year.
Advanced Energy Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 25th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. Advanced Energy Industries's payout ratio is presently 18.10%.
Insiders Place Their Bets
In other news, 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 value of $154,003.17. Following the transaction, the executive vice president owned 31,006 shares of the company's stock, valued at $4,070,777.74. This represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Donaghey sold 2,000 shares of the business's stock in a transaction on 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 in the company, valued at $1,544,060. This represents a 15.35% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Advanced Energy Industries
Several hedge funds have recently added to or reduced their stakes in AEIS. Summit Partners Public Asset Management LLC purchased a new stake in shares of Advanced Energy Industries during the 4th quarter worth approximately $71,494,000. Silvercrest Asset Management Group LLC acquired a new position in shares of Advanced Energy Industries in the fourth quarter valued at approximately $58,393,000. GAMMA Investing LLC lifted its stake in shares of Advanced Energy Industries by 15,632.7% during the 1st quarter. GAMMA Investing LLC now owns 193,670 shares of the electronics maker's stock worth $18,459,000 after purchasing an additional 192,439 shares during the period. The Manufacturers Life Insurance Company lifted its position in Advanced Energy Industries by 21.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock worth $89,565,000 after buying an additional 138,814 shares during the period. Finally, MetLife Investment Management LLC raised its stake in Advanced Energy Industries by 557.2% during the first quarter. MetLife Investment Management LLC now owns 148,479 shares of the electronics maker's stock worth $14,152,000 after purchasing an additional 125,888 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.
About Advanced Energy Industries
(
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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