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

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

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

Advanced Energy Industries Price Performance

AEIS traded up $2.98 during trading on Monday, reaching $111.29. 550,409 shares of the company were exchanged, compared to its average volume of 260,458. Advanced Energy Industries has a 12-month low of $75.01 and a 12-month high of $132.16. The company's 50-day moving average is $98.68 and its two-hundred day moving average is $110.15. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 77.83, a P/E/G ratio of 1.39 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings data 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 company had revenue of $404.60 million during the quarter, compared to analyst estimates of $392.36 million. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. Advanced Energy Industries's revenue was up 23.5% compared to the same quarter last year. During the same period last year, the business earned $0.58 earnings per share. Research analysts forecast that Advanced Energy Industries will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were 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 in the company, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the sale, the director now owns 3,492 shares of the company's stock, valued at approximately $451,760.04. This represents a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Energy Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in Advanced Energy Industries by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker's stock valued at $53,204,000 after acquiring an additional 18,533 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Advanced Energy Industries during the fourth quarter valued at approximately $3,971,000. Fort Washington Investment Advisors Inc. OH grew its stake in Advanced Energy Industries by 10.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker's stock worth $16,137,000 after purchasing an additional 12,860 shares during the period. Amundi increased its stake in shares of Advanced Energy Industries by 192.6% in the 4th quarter. Amundi now owns 19,405 shares of the electronics maker's stock worth $2,303,000 after acquiring an additional 12,773 shares in the last quarter. Finally, Alpha DNA Investment Management LLC bought a new stake in Advanced Energy Industries during the fourth quarter worth about $487,000. 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.