Advanced Energy Industries (NASDAQ:AEIS) Given New $113.00 Price Target at Citigroup

Advanced Energy Industries (NASDAQ:AEIS - Free Report) had its target price lifted by Citigroup from $107.00 to $113.00 in a research note published on Monday morning, Benzinga reports. Citigroup currently has a buy rating on the electronics maker's stock.

Several other research analysts have also commented on the company. Needham & Company LLC reiterated a hold rating on shares of Advanced Energy Industries in a research report on Thursday. Susquehanna dropped their price target on Advanced Energy Industries from $95.00 to $90.00 and set a neutral rating for the company in a research report on Thursday. Wells Fargo & Company dropped their price target on Advanced Energy Industries from $108.00 to $97.00 and set an equal weight rating for the company in a research report on Wednesday, February 7th. Benchmark reissued a buy rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a research note on Thursday. Finally, StockNews.com downgraded shares of Advanced Energy Industries from a hold rating to a sell rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $108.86.

Advanced Energy Industries Price Performance

Shares of Advanced Energy Industries stock traded up $2.13 during trading on Monday, reaching $100.12. 319,627 shares of the stock traded hands, compared to its average volume of 218,398. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 36.50, a P/E/G ratio of 3.43 and a beta of 1.54. The business has a fifty day simple moving average of $97.79 and a two-hundred day simple moving average of $99.17. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.40. Advanced Energy Industries has a 52-week low of $81.86 and a 52-week high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.09). The firm had revenue of $327.50 million for the quarter, compared to analysts' expectations of $351.74 million. Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The company's revenue for the quarter was down 22.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 EPS. Sell-side analysts expect that Advanced Energy Industries will post 2.88 EPS for the current year.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 27th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, May 23rd. Advanced Energy Industries's dividend payout ratio is presently 14.71%.

Institutional Trading of Advanced Energy Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Rise Advisors LLC bought a new stake in shares of Advanced Energy Industries during the first quarter valued at approximately $25,000. Parallel Advisors LLC raised its stake in shares of Advanced Energy Industries by 78.2% during the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker's stock valued at $38,000 after acquiring an additional 154 shares in the last quarter. Signaturefd LLC raised its stake in shares of Advanced Energy Industries by 52.3% during the fourth quarter. Signaturefd LLC now owns 609 shares of the electronics maker's stock valued at $66,000 after acquiring an additional 209 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Advanced Energy Industries during the fourth quarter valued at approximately $87,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Advanced Energy Industries during the third quarter valued at approximately $85,000. 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.