Advanced Energy Industries (NASDAQ:AEIS) Sets New 12-Month High - Time to Buy?

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $136.28 and last traded at $135.75, with a volume of 70085 shares traded. The stock had previously closed at $133.59.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AEIS shares. Wells Fargo & Company boosted their price target 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. Wall Street Zen raised Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research report 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 report on Thursday, May 1st. Stifel Nicolaus reaffirmed a "buy" rating and set a $130.00 price objective (down from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Finally, Citigroup lifted 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. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $126.89.

Advanced Energy Industries Trading Up 0.3%

The firm has a market capitalization of $5.20 billion, a P/E ratio of 71.15, a PEG ratio of 1.26 and a beta of 1.52. The business has a 50-day moving average price of $118.81 and a 200-day moving average price of $112.65. 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 (NASDAQ:AEIS - Get Free Report) last announced 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. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The company had revenue of $404.60 million during the quarter, compared to analysts' expectations of $392.36 million. During the same quarter in the prior year, the company posted $0.58 EPS. The business's revenue was up 23.5% on a year-over-year basis. Analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Friday, May 23rd. Advanced Energy Industries's dividend payout ratio (DPR) is 20.62%.

Insider Activity

In other news, EVP Paul R. Oldham sold 1,173 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $131.29, for a total value of $154,003.17. Following the sale, the executive vice president owned 31,006 shares of the company's stock, valued at approximately $4,070,777.74. This represents a 3.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AEIS. Russell Investments Group Ltd. raised its position 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 purchasing an additional 92 shares during the last quarter. Isthmus Partners LLC raised its holdings in shares of Advanced Energy Industries by 0.3% in the first quarter. Isthmus Partners LLC now owns 29,565 shares of the electronics maker's stock valued at $2,818,000 after buying an additional 96 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Advanced Energy Industries by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,916 shares of the electronics maker's stock worth $453,000 after buying an additional 124 shares in the last quarter. US Bancorp DE grew its holdings in Advanced Energy Industries by 2.8% during the 1st quarter. US Bancorp DE now owns 4,857 shares of the electronics maker's stock worth $463,000 after acquiring an additional 134 shares during the last quarter. Finally, Inspire Investing LLC increased its position in Advanced Energy Industries by 3.9% in the 1st quarter. Inspire Investing LLC now owns 3,590 shares of the electronics maker's stock valued at $342,000 after acquiring an additional 136 shares in the last quarter. 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.