Analysts Set Advanced Energy Industries, Inc. (NASDAQ:AEIS) Price Target at $120.25

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten brokerages that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $120.25.

Several research firms have recently issued reports on AEIS. StockNews.com raised Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Monday, November 4th. TD Cowen cut their price target on shares of Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating on the stock in a report on Thursday, October 31st. Baird R W raised Advanced Energy Industries to a "strong-buy" rating in a report on Friday, September 20th. Robert W. Baird upped their price target on Advanced Energy Industries from $124.00 to $134.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Finally, Benchmark restated a "buy" rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, November 20th.

Advanced Energy Industries Trading Down 3.8 %

NASDAQ:AEIS traded down $4.55 on Wednesday, reaching $116.10. 291,926 shares of the stock traded hands, compared to its average volume of 213,357. Advanced Energy Industries has a 1-year low of $89.11 and a 1-year high of $124.48. The company's 50 day moving average is $113.21 and its 200-day moving average is $108.27. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 101.84, a price-to-earnings-growth ratio of 6.92 and a beta of 1.47. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.07. The firm had revenue of $374.20 million for the quarter, compared to analysts' expectations of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The company'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 business earned $1.12 EPS. Equities research analysts anticipate that Advanced Energy Industries will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a $0.10 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. Advanced Energy Industries's dividend payout ratio is presently 35.09%.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.87% of the company's stock.

Hedge Funds Weigh In On Advanced Energy Industries

A number of large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in Advanced Energy Industries by 12.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,366 shares of the electronics maker's stock valued at $257,000 after purchasing an additional 261 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Advanced Energy Industries by 16.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,305 shares of the electronics maker's stock valued at $686,000 after purchasing an additional 890 shares during the period. Raymond James & Associates boosted its position in shares of Advanced Energy Industries by 10.8% during the second quarter. Raymond James & Associates now owns 24,180 shares of the electronics maker's stock valued at $2,630,000 after purchasing an additional 2,355 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Advanced Energy Industries by 3.5% in the second quarter. Nisa Investment Advisors LLC now owns 6,252 shares of the electronics maker's stock worth $680,000 after purchasing an additional 212 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in Advanced Energy Industries by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the electronics maker's stock worth $2,045,000 after purchasing an additional 300 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

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.