Wells Fargo & Company Issues Positive Forecast for Advanced Energy Industries (NASDAQ:AEIS) Stock Price

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its price target boosted by equities research analysts at Wells Fargo & Company from $110.00 to $130.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the electronics maker's stock. Wells Fargo & Company's target price would indicate a potential downside of 2.36% from the company's current price.

Other research analysts have also recently issued research reports about the company. Robert W. Baird raised their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Citigroup boosted their target price on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Stifel Nicolaus restated a "buy" rating and set a $130.00 target price (down from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. KeyCorp reissued an "overweight" rating on shares of Advanced Energy Industries in a research note on Wednesday. Finally, Wall Street Zen upgraded Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Advanced Energy Industries presently has an average rating of "Moderate Buy" and a consensus target price of $126.89.

Advanced Energy Industries Stock Performance

AEIS stock traded down $0.70 during mid-day trading on Friday, reaching $133.14. The company had a trading volume of 71,068 shares, compared to its average volume of 278,046. The stock's 50-day simple moving average is $115.14 and its two-hundred day simple moving average is $112.19. The stock has a market capitalization of $5.01 billion, a P/E ratio of 68.80, a P/E/G ratio of 1.22 and a beta of 1.50. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46. Advanced Energy Industries has a one year low of $75.01 and a one year high of $136.49.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.26. Advanced Energy Industries had a return on equity of 10.70% and a net margin of 4.73%. The company had revenue of $404.60 million during the quarter, compared to analyst estimates of $392.36 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm's quarterly revenue was up 23.5% on a year-over-year basis. Research analysts anticipate that Advanced Energy Industries will post 3.66 EPS 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 business's stock in a transaction that occurred 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 now directly owns 31,006 shares in the company, valued at approximately $4,070,777.74. The trade was a 3.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Advanced Energy Industries

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Advanced Energy Industries by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker's stock valued at $568,168,000 after purchasing an additional 69,908 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Advanced Energy Industries by 21.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock valued at $89,565,000 after acquiring an additional 138,814 shares during the last quarter. Summit Partners Public Asset Management LLC bought a new stake in Advanced Energy Industries during the 4th quarter worth approximately $71,494,000. Norges Bank acquired a new stake in Advanced Energy Industries during the 4th quarter valued at $68,949,000. Finally, Silvercrest Asset Management Group LLC bought a new position in Advanced Energy Industries in the 4th quarter valued at $58,393,000. 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.

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