Advanced Energy Industries (NASDAQ:AEIS) Sets New 52-Week High - Should You Buy?

Key Points

• Advanced Energy Industries reached a new 52-week high of $163.08 during trading, closing at $158.81 with a high volume of 963,926 shares.
• Equities analysts have generally rated the stock as a "Moderate Buy," with an average price target of $138.90 and several analysts raising their price targets recently.
• The company announced a quarterly dividend of $0.10 per share, translating to a 0.3% yield, to be paid on September 5th to investors of record.

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $163.08 and last traded at $158.81, with a volume of 963926 shares. The stock had previously closed at $151.61.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AEIS shares. KeyCorp lifted their target price on shares of Advanced Energy Industries from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Robert W. Baird raised their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Citigroup increased their price target on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Stifel Nicolaus set a $150.00 price objective on shares of Advanced Energy Industries and gave the stock a "buy" rating in a report on Monday, August 4th. Finally, TD Cowen increased their target price on shares of Advanced Energy Industries from $118.00 to $140.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $138.90.

Advanced Energy Industries Stock Performance

The company's 50-day moving average is $136.26 and its two-hundred day moving average is $117.26. The company has a market capitalization of $5.99 billion, a P/E ratio of 71.86, a PEG ratio of 1.23 and a beta of 1.52. The company has a quick ratio of 2.97, a current ratio of 4.09 and a debt-to-equity ratio of 0.45.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The electronics maker reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.22. Advanced Energy Industries had a net margin of 5.13% and a return on equity of 12.38%. The firm had revenue of $441.50 million for the quarter, compared to analyst estimates of $421.32 million. During the same quarter in the prior year, the firm earned $0.85 EPS. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. Equities analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 25th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, August 25th. Advanced Energy Industries's dividend payout ratio (DPR) is presently 18.10%.

Insiders Place Their Bets

In other news, EVP John Donaghey sold 2,000 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $140.00, for a total value of $280,000.00. Following the completion of the sale, the executive vice president owned 11,029 shares of the company's stock, valued at approximately $1,544,060. The trade was a 15.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul R. Oldham sold 1,173 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 31,006 shares of the company's stock, 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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Maryland State Retirement & Pension System boosted its stake in shares of Advanced Energy Industries by 0.7% in the 2nd quarter. Maryland State Retirement & Pension System now owns 11,066 shares of the electronics maker's stock worth $1,466,000 after buying an additional 72 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Advanced Energy Industries by 26.0% in the first quarter. Russell Investments Group Ltd. now owns 446 shares of the electronics maker's stock worth $43,000 after buying an additional 92 shares during the last quarter. UMB Bank n.a. raised its holdings in Advanced Energy Industries by 42.9% in the 2nd quarter. UMB Bank n.a. now owns 313 shares of the electronics maker's stock worth $41,000 after purchasing an additional 94 shares during the period. Isthmus Partners LLC grew its holdings in Advanced Energy Industries by 0.3% during the first quarter. Isthmus Partners LLC now owns 29,565 shares of the electronics maker's stock valued at $2,818,000 after purchasing an additional 96 shares during the period. Finally, Huntington National Bank raised its stake in shares of Advanced Energy Industries by 26.8% in the second quarter. Huntington National Bank now owns 473 shares of the electronics maker's stock worth $63,000 after buying an additional 100 shares during the period. Institutional investors own 99.67% of the company's stock.

About Advanced Energy Industries

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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