Advanced Energy Industries (NASDAQ:AEIS) Reaches New 1-Year High - Here's What Happened

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $139.51 and last traded at $137.36, with a volume of 47599 shares trading hands. The stock had previously closed at $138.07.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Robert W. Baird upped their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Stifel Nicolaus reaffirmed a "buy" rating and issued a $130.00 target price (down previously from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Needham & Company LLC cut their target price on 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 boosted their target price on 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. 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 given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $126.89.

Advanced Energy Industries Stock Performance

The company has a market capitalization of $5.29 billion, a PE ratio of 72.37, a price-to-earnings-growth ratio of 1.26 and a beta of 1.52. The business's fifty day moving average is $121.95 and its two-hundred day moving average is $113.19. The company has a current ratio of 4.43, a quick ratio of 3.28 and a debt-to-equity ratio of 0.46.

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

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, May 26th were issued a $0.10 dividend. The ex-dividend date was Friday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.28%. Advanced Energy Industries's dividend payout ratio is currently 20.62%.

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 on Friday, June 20th. The shares were 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Institutional Trading of Advanced Energy Industries

Hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Advanced Energy Industries by 9.4% during the first quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the electronics maker's stock valued at $207,000 after acquiring an additional 187 shares during the period. GAMMA Investing LLC grew its holdings 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 purchasing an additional 801 shares during the last quarter. QRG Capital Management Inc. increased its position in Advanced Energy Industries by 6.7% during the first quarter. QRG Capital Management Inc. now owns 5,622 shares of the electronics maker's stock worth $536,000 after acquiring an additional 355 shares during the period. Vontobel Holding Ltd. boosted its stake in Advanced Energy Industries by 13.9% during the first quarter. Vontobel Holding Ltd. now owns 6,372 shares of the electronics maker's stock worth $607,000 after buying an additional 780 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Advanced Energy Industries by 8.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,500 shares of the electronics maker's stock worth $334,000 after buying an additional 259 shares in the last quarter. 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.

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