Advanced Energy Industries (NASDAQ:AEIS) Price Target Raised to $150.00 at Benchmark

Key Points

• Benchmark analysts raised the price target for Advanced Energy Industries (NASDAQ:AEIS) from $130.00 to $150.00, indicating a potential upside of 10.15% from the last closing price.
• The company recently reported a quarterly earnings per share (EPS) of $1.50, exceeding analysts' expectations and marking a 21% increase in revenue year-over-year.
• Advanced Energy Industries is currently rated as a Moderate Buy with an overall consensus target price of $138.90 from various research analysts.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its price objective lifted by stock analysts at Benchmark from $130.00 to $150.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the electronics maker's stock. Benchmark's price objective would suggest a potential downside of 0.54% from the stock's current price.

Several other brokerages have also commented on AEIS. Citigroup upped their price target 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. Stifel Nicolaus set a $150.00 price objective on Advanced Energy Industries and gave the company a "buy" rating in a research note on Monday, August 4th. Robert W. Baird lifted their price objective on Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. KeyCorp lifted their price objective on Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company lifted their price objective on Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Advanced Energy Industries presently has an average rating of "Moderate Buy" and a consensus target price of $138.90.

Advanced Energy Industries Price Performance

NASDAQ:AEIS traded up $4.32 during trading hours on Wednesday, reaching $150.82. 470,329 shares of the company traded hands, compared to its average volume of 401,739. The firm's 50-day moving average is $134.74 and its 200-day moving average is $116.78. The stock has a market cap of $5.69 billion, a P/E ratio of 68.24, a P/E/G ratio of 1.29 and a beta of 1.52. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.09 and a quick ratio of 2.97. Advanced Energy Industries has a 1-year low of $75.01 and a 1-year high of $152.23.

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

Insider Transactions at Advanced Energy Industries

In related news, EVP Paul R. Oldham sold 1,173 shares of Advanced Energy Industries stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $131.29, for a total value of $154,003.17. Following the completion of the transaction, the executive vice president directly owned 31,006 shares in the company, valued at approximately $4,070,777.74. This trade represents a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Donaghey sold 2,000 shares of Advanced Energy Industries 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 transaction, the executive vice president owned 11,029 shares of the company's stock, valued at $1,544,060. This trade represents a 15.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advanced Energy Industries

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in Advanced Energy Industries by 98.3% in the second quarter. Bessemer Group Inc. now owns 234 shares of the electronics maker's stock worth $31,000 after purchasing an additional 116 shares in the last quarter. UMB Bank n.a. boosted its stake in Advanced Energy Industries by 42.9% in the second quarter. UMB Bank n.a. now owns 313 shares of the electronics maker's stock valued at $41,000 after acquiring an additional 94 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Advanced Energy Industries in the first quarter valued at approximately $31,000. Russell Investments Group Ltd. boosted its stake in Advanced Energy Industries by 61.6% in the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock valued at $41,000 after acquiring an additional 135 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Advanced Energy Industries in the fourth quarter valued at approximately $47,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.