Advanced Energy Industries (NASDAQ:AEIS) Rating Lowered to "Sell" at StockNews.com

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Monday.

Other equities research analysts have also issued reports about the stock. Robert W. Baird cut their target price on shares of Advanced Energy Industries from $136.00 to $124.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and issued a $145.00 target price on shares of Advanced Energy Industries in a report on Thursday, February 13th. Stifel Nicolaus raised their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Citigroup upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $110.00 to $138.00 in a report on Monday, January 6th. Finally, Wells Fargo & Company lowered their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $124.44.

Advanced Energy Industries Price Performance

Shares of AEIS traded up $10.90 during mid-day trading on Monday, hitting $108.31. 1,161,358 shares of the company traded hands, compared to its average volume of 260,036. Advanced Energy Industries has a one year low of $75.01 and a one year high of $132.16. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average of $99.23 and a 200 day moving average of $110.14. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 75.74, a PEG ratio of 1.39 and a beta of 1.47.

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 3.66% and a return on equity of 8.90%. The firm had revenue of $404.60 million for the quarter, compared to analysts' expectations of $392.36 million. During the same period last year, the firm earned $0.58 earnings per share. The business's revenue for the quarter was up 23.5% on a year-over-year basis. As a group, equities analysts expect that Advanced Energy Industries will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Energy Industries

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the transaction, the chief operating officer now owns 19,822 shares of the company's stock, valued at approximately $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lanesha Minnix sold 1,600 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the transaction, the director now directly owns 3,492 shares in the company, valued at $451,760.04. The trade was a 31.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Advanced Energy Industries

A number of large investors have recently added to or reduced their stakes in AEIS. Isthmus Partners LLC boosted its holdings in shares of Advanced Energy Industries by 0.3% in the 1st 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 in the last quarter. CWM LLC boosted its holdings in shares of Advanced Energy Industries by 85.4% in the 1st quarter. CWM LLC now owns 1,077 shares of the electronics maker's stock valued at $103,000 after purchasing an additional 496 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Advanced Energy Industries by 5.8% in the 1st quarter. Xponance Inc. now owns 2,843 shares of the electronics maker's stock valued at $271,000 after purchasing an additional 156 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Advanced Energy Industries by 215.3% in the 1st quarter. Cerity Partners LLC now owns 11,195 shares of the electronics maker's stock valued at $1,067,000 after purchasing an additional 7,644 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Advanced Energy Industries by 3.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 5,168 shares of the electronics maker's stock valued at $493,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds 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.