Advanced Energy Industries (NASDAQ:AEIS) Given a $150.00 Price Target by Stifel Nicolaus Analysts

Key Points

• Advanced Energy Industries' price target was raised by Stifel Nicolaus from $130.00 to $150.00, indicating a potential upside of 7.92% from its current price.
• The stock has received various ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $132.20.
• Insider activity includes the sale of shares by executives, with EVP Paul R. Oldham selling 1,173 shares at an average price of $131.29.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) has been given a $150.00 target price by investment analysts at Stifel Nicolaus in a research report issued on Monday, August 4th, Marketbeat reports. The brokerage currently has a "buy" rating on the electronics maker's stock. Stifel Nicolaus' target price would suggest a potential downside of 0.54% from the stock's previous close.

Several other analysts also recently issued reports on AEIS. Citigroup upped their price objective on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Wells Fargo & Company upped their price objective on Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. 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 reduced their price objective on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, KeyCorp upped their target price on Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $138.90.

Advanced Energy Industries Trading Up 2.9%

Shares of AEIS stock opened at $150.82 on Monday. The business's fifty day moving average price is $134.74 and its 200 day moving average price is $116.78. Advanced Energy Industries has a 1-year low of $75.01 and a 1-year high of $152.23. The firm has a market capitalization of $5.69 billion, a PE ratio of 68.24, a P/E/G ratio of 1.29 and a beta of 1.52. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.09 and a quick ratio of 2.97.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The electronics maker reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.22. The company had revenue of $441.50 million for the quarter, compared to the consensus estimate of $421.32 million. Advanced Energy Industries had a return on equity of 12.38% and a net margin of 5.13%. Advanced Energy Industries's quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. As a group, sell-side analysts forecast that Advanced Energy Industries will post 3.66 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Energy Industries

In other news, EVP John Donaghey sold 2,000 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Paul R. Oldham sold 1,173 shares of the firm'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 completion of the sale, the executive vice president directly owned 31,006 shares of the company's stock, valued at approximately $4,070,777.74. This trade 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 Investors Weigh In On Advanced Energy Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in AEIS. Sequoia Financial Advisors LLC increased its stake in shares of 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 during the period. GAMMA Investing LLC increased its stake in Advanced Energy Industries by 65.1% during the first quarter. GAMMA Investing LLC now owns 2,032 shares of the electronics maker's stock valued at $194,000 after acquiring an additional 801 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Advanced Energy Industries in the 1st quarter valued at approximately $914,000. Vontobel Holding Ltd. grew its stake in shares of Advanced Energy Industries by 13.9% in the 1st quarter. Vontobel Holding Ltd. now owns 6,372 shares of the electronics maker's stock valued at $607,000 after purchasing an additional 780 shares during the period. Finally, QRG Capital Management Inc. grew its stake in shares of Advanced Energy Industries by 6.7% in the 1st quarter. QRG Capital Management Inc. now owns 5,622 shares of the electronics maker's stock valued at $536,000 after purchasing an additional 355 shares during the period. 99.67% of the stock is owned by hedge funds and other institutional investors.

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.