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 target price boosted by Benchmark from $130.00 to $150.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the electronics maker's stock. Benchmark's target price suggests a potential upside of 0.51% from the stock's previous close.

AEIS has been the subject of a number of other research reports. Robert W. Baird raised their price target on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. TD Cowen lifted their price target on Advanced Energy Industries from $118.00 to $140.00 and gave the company a "hold" rating in a research report on Wednesday. KeyCorp increased their price target on shares of Advanced Energy Industries from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Needham & Company LLC lifted their price target on shares of Advanced Energy Industries from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $138.90.

Advanced Energy Industries Trading Up 1.9%

Shares of AEIS stock traded up $2.75 during mid-day trading on Wednesday, reaching $149.25. The stock had a trading volume of 67,008 shares, compared to its average volume of 344,687. The firm has a market capitalization of $5.63 billion, a PE ratio of 67.68, a price-to-earnings-growth ratio of 1.29 and a beta of 1.52. The stock's 50-day moving average price is $134.00 and its two-hundred day moving average price is $116.74. The company has a current ratio of 4.09, a quick ratio of 3.28 and a debt-to-equity ratio of 0.45. Advanced Energy Industries has a 52-week low of $75.01 and a 52-week high of $150.63.

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

Insider Activity at Advanced Energy Industries

In other news, EVP Paul R. Oldham sold 1,173 shares of the company's stock in a transaction on 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 sale, the executive vice president directly owned 31,006 shares in the company, valued at $4,070,777.74. This represents a 3.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John Donaghey sold 2,000 shares of Advanced Energy Industries stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total value of $280,000.00. Following the transaction, the executive vice president owned 11,029 shares in the company, 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 owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AEIS. Sequoia Financial Advisors LLC lifted its holdings in Advanced Energy Industries by 9.4% during the first quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the electronics maker's stock valued at $207,000 after purchasing an additional 187 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Advanced Energy Industries by 65.1% during the 1st quarter. GAMMA Investing LLC now owns 2,032 shares of the electronics maker's stock valued at $194,000 after purchasing an additional 801 shares during the period. Teacher Retirement System of Texas bought a new position in Advanced Energy Industries in the 1st quarter worth $914,000. Vontobel Holding Ltd. increased its stake in Advanced Energy Industries by 13.9% in the 1st quarter. Vontobel Holding Ltd. now owns 6,372 shares of the electronics maker's stock worth $607,000 after buying an additional 780 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of Advanced Energy Industries by 6.7% in the first quarter. QRG Capital Management Inc. now owns 5,622 shares of the electronics maker's stock valued at $536,000 after acquiring an additional 355 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other 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.