Advanced Energy Industries' (AEIS) "Buy" Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Advanced Energy Industries (NASDAQ:AEIS - Free Report) in a report issued on Thursday,Benzinga reports. Needham & Company LLC currently has a $145.00 price objective on the electronics maker's stock.

Several other analysts also recently commented on AEIS. Bank of America raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price objective for the company in a research report on Monday, December 16th. TD Cowen decreased their price target on Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating for the company in a research report on Thursday, October 31st. Benchmark reiterated a "buy" rating and issued a $125.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Citigroup raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and raised their target price for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Finally, Robert W. Baird dropped their price target on Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Advanced Energy Industries currently has a consensus rating of "Moderate Buy" and an average target price of $126.56.

Advanced Energy Industries Stock Performance

Shares of AEIS traded up $0.78 during midday trading on Thursday, reaching $124.27. 405,452 shares of the stock were exchanged, compared to its average volume of 242,176. The company has a market cap of $4.68 billion, a P/E ratio of 109.01, a PEG ratio of 3.60 and a beta of 1.45. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The stock's 50 day simple moving average is $117.43 and its 200 day simple moving average is $110.57. Advanced Energy Industries has a twelve month low of $89.11 and a twelve month high of $130.50.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. On average, sell-side analysts expect that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. Advanced Energy Industries's dividend payout ratio (DPR) is 35.09%.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now directly owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Advanced Energy Industries

Several large investors have recently added to or reduced their stakes in the business. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Advanced Energy Industries by 10.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker's stock valued at $16,137,000 after acquiring an additional 12,860 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in Advanced Energy Industries by 3.6% during the third quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker's stock valued at $19,244,000 after purchasing an additional 6,217 shares during the last quarter. Principal Financial Group Inc. grew its stake in Advanced Energy Industries by 12.4% in the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker's stock worth $50,920,000 after buying an additional 53,566 shares in the last quarter. MQS Management LLC bought a new position in shares of Advanced Energy Industries in the 3rd quarter worth $664,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Advanced Energy Industries during the 3rd quarter valued at $12,306,000. 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.