Advanced Energy Industries (NASDAQ:AEIS) PT Lowered to $90.00

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its price objective cut by analysts at Susquehanna from $95.00 to $90.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the electronics maker's stock. Susquehanna's price target points to a potential downside of 5.89% from the stock's previous close.

A number of other equities research analysts have also issued reports on the company. Needham & Company LLC restated a "hold" rating on shares of Advanced Energy Industries in a research report on Thursday. Wells Fargo & Company lowered their price objective 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. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $111.86.

Advanced Energy Industries Price Performance

NASDAQ:AEIS traded down $0.45 during trading hours on Thursday, hitting $95.63. 431,279 shares of the stock were exchanged, compared to its average volume of 216,727. The company has a current ratio of 5.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.78. The firm's fifty day moving average price is $97.90 and its 200 day moving average price is $99.15. The company has a market cap of $3.57 billion, a P/E ratio of 27.26, a P/E/G ratio of 3.36 and a beta of 1.54. 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 posted its quarterly earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.10. The business had revenue of $405.27 million during the quarter, compared to analyst estimates of $407.66 million. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. As a group, equities research analysts anticipate that Advanced Energy Industries will post 2.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in Advanced Energy Industries during the first quarter worth $25,000. Parallel Advisors LLC lifted its stake in Advanced Energy Industries by 78.2% during the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker's stock worth $38,000 after purchasing an additional 154 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Advanced Energy Industries during the third quarter worth $48,000. Signaturefd LLC lifted its stake in Advanced Energy Industries by 52.3% during the fourth quarter. Signaturefd LLC now owns 609 shares of the electronics maker's stock worth $66,000 after purchasing an additional 209 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Advanced Energy Industries in the fourth quarter valued at $87,000. 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.