Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives Average Recommendation of "Hold" from Analysts

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $113.75.

A number of research analysts recently commented on the company. Wells Fargo & Company decreased their price target on Advanced Energy Industries from $103.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Stifel Nicolaus started coverage on Advanced Energy Industries in a research note on Thursday, August 15th. They issued a "buy" rating and a $135.00 target price for the company. Robert W. Baird decreased their price objective on shares of Advanced Energy Industries from $128.00 to $124.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Susquehanna dropped their target price on shares of Advanced Energy Industries from $103.00 to $92.00 and set a "neutral" rating on the stock in a research note on Friday, October 11th. Finally, TD Cowen cut their target price on shares of 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.

Advanced Energy Industries Stock Up 2.4 %

Shares of Advanced Energy Industries stock traded up $2.66 on Friday, hitting $115.19. 304,469 shares of the company traded hands, compared to its average volume of 244,477. The company has a market cap of $4.34 billion, a PE ratio of 101.04, a PEG ratio of 6.61 and a beta of 1.48. The company has a 50-day moving average price of $107.87 and a 200 day moving average price of $106.80. Advanced Energy Industries has a 12-month low of $89.11 and a 12-month high of $120.81. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07. The firm had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The business's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 earnings per share. Sell-side analysts predict that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. Advanced Energy Industries's dividend payout ratio (DPR) is presently 35.09%.

Insider Buying and Selling

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the 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 transaction, the director now directly owns 5,092 shares of the company's stock, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.00% of the company's stock.

Institutional Trading of Advanced Energy Industries

Several institutional investors have recently modified their holdings of AEIS. Vanguard Group Inc. raised its stake in shares of Advanced Energy Industries by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker's stock worth $463,335,000 after acquiring an additional 73,028 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Advanced Energy Industries by 8.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,050 shares of the electronics maker's stock valued at $515,000 after acquiring an additional 377 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Advanced Energy Industries by 3.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 42,158 shares of the electronics maker's stock worth $4,296,000 after purchasing an additional 1,288 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Advanced Energy Industries in the 1st quarter valued at about $208,000. Finally, Atria Investments Inc acquired a new position in shares of Advanced Energy Industries during the 1st quarter worth approximately $1,226,000. Institutional investors and hedge funds 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.