KeyCorp Forecasts Strong Price Appreciation for Advanced Energy Industries (NASDAQ:AEIS) Stock

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its target price boosted by KeyCorp from $150.00 to $160.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the electronics maker's stock. KeyCorp's price objective would indicate a potential upside of 15.03% from the company's current price.

AEIS has been the topic of a number of other research reports. 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. Needham & Company LLC decreased their price objective on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company raised their price objective on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Friday, June 27th. Robert W. Baird lifted their price target 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, May 1st. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st. Three equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.20.

Advanced Energy Industries Stock Performance

Shares of AEIS traded down $2.38 during mid-day trading on Tuesday, hitting $139.10. 483,652 shares of the company's stock were exchanged, compared to its average volume of 285,866. The stock's 50-day simple moving average is $124.12 and its 200-day simple moving average is $113.72. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 71.70, a price-to-earnings-growth ratio of 1.30 and a beta of 1.52. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46. Advanced Energy Industries has a 52 week low of $75.01 and a 52 week high of $144.54.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The firm had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The business's revenue was up 23.5% compared to the same quarter last year. On average, equities research analysts expect that Advanced Energy Industries will post 3.66 EPS for the current year.

Insider Buying and Selling

In other Advanced Energy Industries news, EVP John Donaghey sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $140.00, for a total transaction of $280,000.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paul R. Oldham sold 1,173 shares of the firm's stock in a transaction that occurred 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 in the company, 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. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advanced Energy Industries

Several hedge funds have recently modified their holdings of AEIS. Vanguard Group Inc. grew its holdings in shares of Advanced Energy Industries by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker's stock valued at $568,168,000 after acquiring an additional 69,908 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Advanced Energy Industries by 21.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock worth $89,565,000 after purchasing an additional 138,814 shares during the last quarter. Summit Partners Public Asset Management LLC acquired a new position in shares of Advanced Energy Industries during the 4th quarter worth about $71,494,000. Norges Bank acquired a new position in Advanced Energy Industries in the 4th quarter valued at approximately $68,949,000. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of Advanced Energy Industries in the 4th quarter worth approximately $58,393,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.