Advanced Energy Industries (NASDAQ:AEIS) Reaches New 1-Year High - Should You Buy?

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $134.82 and last traded at $132.57, with a volume of 179441 shares. The stock had previously closed at $130.03.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AEIS. Citigroup upped their target price on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Robert W. Baird boosted their price target on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Stifel Nicolaus restated a "buy" rating and set a $130.00 price objective (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Wall Street Zen raised Advanced Energy Industries from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Needham & Company LLC reduced their target price on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.67.

Advanced Energy Industries Stock Performance

The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46. The business's fifty day moving average is $112.38 and its two-hundred day moving average is $111.79. The stock has a market capitalization of $4.99 billion, a PE ratio of 68.30, a price-to-earnings-growth ratio of 1.18 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 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 firm's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 EPS. As a group, research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 26th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.40 annualized dividend and a yield of 0.30%. Advanced Energy Industries's dividend payout ratio (DPR) is 20.62%.

Institutional Trading of Advanced Energy Industries

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

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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