Advanced Energy Industries (NASDAQ:AEIS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its target price hoisted by investment analysts at Wells Fargo & Company from $110.00 to $130.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the electronics maker's stock. Wells Fargo & Company's price target would suggest a potential downside of 1.89% from the stock's current price.

Several other equities analysts have also commented on the company. Robert W. Baird increased their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Stifel Nicolaus restated a "buy" rating and set a $130.00 target price (down previously from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st. KeyCorp reiterated an "overweight" rating on shares of Advanced Energy Industries in a research note on Wednesday, June 25th. Citigroup boosted their price objective on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Needham & Company LLC dropped their price target on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $126.89.

Advanced Energy Industries Trading Up 0.1%

NASDAQ AEIS traded up $0.19 on Friday, reaching $132.50. 260,012 shares of the company were exchanged, compared to its average volume of 279,033. The company has a current ratio of 4.43, a quick ratio of 3.28 and a debt-to-equity ratio of 0.46. Advanced Energy Industries has a fifty-two week low of $75.01 and a fifty-two week high of $135.96. The business's fifty day moving average price is $116.05 and its 200 day moving average price is $112.23. The stock has a market capitalization of $4.99 billion, a P/E ratio of 68.30, a price-to-earnings-growth ratio of 1.22 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.26. The company had revenue of $404.60 million for the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a return on equity of 10.70% and a net margin of 4.73%. The company's revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. Analysts forecast that Advanced Energy Industries will post 3.66 earnings per share for the current year.

Insider Buying and Selling at Advanced Energy Industries

In related news, EVP Paul R. Oldham sold 1,173 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $131.29, for a total transaction of $154,003.17. Following the sale, the executive vice president owned 31,006 shares of the company's stock, valued at $4,070,777.74. This trade represents a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Energy Industries

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in Advanced Energy Industries by 26.0% during the first quarter. Russell Investments Group Ltd. now owns 446 shares of the electronics maker's stock worth $43,000 after buying an additional 92 shares during the period. Isthmus Partners LLC grew its stake in shares of Advanced Energy Industries by 0.3% during the 1st quarter. Isthmus Partners LLC now owns 29,565 shares of the electronics maker's stock valued at $2,818,000 after buying an additional 96 shares during the period. Summit Investment Advisors Inc. raised its position in shares of Advanced Energy Industries by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,916 shares of the electronics maker's stock worth $453,000 after buying an additional 124 shares during the period. US Bancorp DE boosted its holdings in Advanced Energy Industries by 2.8% in the first quarter. US Bancorp DE now owns 4,857 shares of the electronics maker's stock valued at $463,000 after acquiring an additional 134 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of Advanced Energy Industries by 3.9% in the 1st quarter. Inspire Investing LLC now owns 3,590 shares of the electronics maker's stock worth $342,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 99.67% of the company's stock.

About Advanced Energy Industries

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.