Advanced Energy Industries (NASDAQ:AEIS) Price Target Raised to $150.00

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) had its price objective raised by stock analysts at Stifel Nicolaus from $130.00 to $150.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the electronics maker's stock. Stifel Nicolaus' price objective indicates a potential upside of 7.92% from the stock's current price.

A number of other equities analysts have also weighed in on the stock. Wells Fargo & Company upped their target price on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. Wall Street Zen raised shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Robert W. Baird raised 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 report on Thursday, May 1st. KeyCorp raised their price target on shares of Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Needham & Company LLC lowered their target price on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $132.20.

Advanced Energy Industries Stock Performance

Shares of AEIS traded up $3.74 during mid-day trading on Monday, hitting $138.99. 123,234 shares of the company traded hands, compared to its average volume of 336,691. Advanced Energy Industries has a 1 year low of $75.01 and a 1 year high of $145.52. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 71.65, a P/E/G ratio of 1.24 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.28 and a current ratio of 4.43. The stock has a 50-day moving average price of $131.94 and a two-hundred day moving average price of $116.11.

Insider Activity at Advanced Energy Industries

In other news, EVP Paul R. Oldham sold 1,173 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $131.29, for a total transaction of $154,003.17. Following the transaction, the executive vice president directly owned 31,006 shares in the company, valued at approximately $4,070,777.74. This trade represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Donaghey sold 2,000 shares of the 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 sale, the executive vice president directly owned 11,029 shares of the company's stock, valued at approximately $1,544,060. This represents a 15.35% 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.

Institutional Investors Weigh In On Advanced Energy Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System increased its position in shares of Advanced Energy Industries by 0.7% in the second quarter. Maryland State Retirement & Pension System now owns 11,066 shares of the electronics maker's stock valued at $1,466,000 after buying an additional 72 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Advanced Energy Industries by 26.0% in the 1st quarter. Russell Investments Group Ltd. now owns 446 shares of the electronics maker's stock valued at $43,000 after buying an additional 92 shares during the period. UMB Bank n.a. lifted its stake in shares of 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 purchasing an additional 94 shares in the last quarter. Isthmus Partners LLC lifted its position in Advanced Energy Industries by 0.3% during the 1st quarter. Isthmus Partners LLC now owns 29,565 shares of the electronics maker's stock worth $2,818,000 after acquiring an additional 96 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Advanced Energy Industries by 98.3% during the second quarter. Bessemer Group Inc. now owns 234 shares of the electronics maker's stock worth $31,000 after buying an additional 116 shares in the last quarter. Institutional investors and hedge funds 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.

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