Advanced Energy Industries' (AEIS) "Buy" Rating Reiterated at Benchmark

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Benchmark in a research report issued on Thursday, Benzinga reports. They presently have a $117.00 target price on the electronics maker's stock. Benchmark's price target would indicate a potential upside of 22.35% from the stock's current price.

AEIS has been the subject of several other research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Advanced Energy Industries in a report on Thursday. Wells Fargo & Company dropped their target price on shares of Advanced Energy Industries from $108.00 to $97.00 and set an "equal weight" rating for the company in a report on Wednesday, February 7th. Finally, Susquehanna dropped their target price on shares of Advanced Energy Industries from $95.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Advanced Energy Industries presently has a consensus rating of "Hold" and a consensus price target of $111.86.

Advanced Energy Industries Stock Performance

Shares of NASDAQ:AEIS traded down $0.45 during midday trading on Thursday, hitting $95.63. The company had a trading volume of 431,279 shares, compared to its average volume of 216,727. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.10 and a quick ratio of 4.10. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 3.36 and a beta of 1.54. Advanced Energy Industries has a 12-month low of $81.86 and a 12-month high of $126.38. The company has a fifty day moving average of $97.90 and a two-hundred day moving average of $99.15.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.10. The company had revenue of $405.27 million during the quarter, compared to the consensus estimate of $407.66 million. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. On average, equities research analysts expect that Advanced Energy Industries will post 2.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Peregrine Capital Management LLC bought a new position in shares of Advanced Energy Industries in the 4th quarter valued at about $7,856,000. Moody Aldrich Partners LLC lifted its holdings in shares of Advanced Energy Industries by 130.4% in the 4th quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker's stock valued at $3,571,000 after acquiring an additional 18,561 shares during the last quarter. III Capital Management bought a new position in shares of Advanced Energy Industries in the 3rd quarter valued at about $897,000. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Advanced Energy Industries by 4.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker's stock valued at $45,991,000 after acquiring an additional 17,290 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Advanced Energy Industries by 61.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker's stock valued at $24,021,000 after acquiring an additional 88,267 shares during the last quarter. 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.