Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $125.78.

A number of analysts recently issued reports on AEIS shares. Wells Fargo & Company increased their price objective on Advanced Energy Industries from $98.00 to $105.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Baird R W raised Advanced Energy Industries to a "strong-buy" rating in a research note on Friday, September 20th. Bank of America raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target on the stock in a report on Monday, December 16th. Needham & Company LLC upgraded shares of Advanced Energy Industries from a "hold" rating to a "buy" rating and set a $145.00 price objective on the stock in a research report on Tuesday, January 7th. Finally, TD Cowen dropped 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.

Insider Buying and Selling at Advanced Energy Industries

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

Institutional Trading of Advanced Energy Industries

Several large investors have recently modified their holdings of AEIS. Wealth Enhancement Advisory Services LLC increased its position in Advanced Energy Industries by 22.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,065 shares of the electronics maker's stock valued at $323,000 after purchasing an additional 569 shares during the period. GAMMA Investing LLC increased its position in shares of Advanced Energy Industries by 30.1% during the fourth quarter. GAMMA Investing LLC now owns 1,231 shares of the electronics maker's stock valued at $142,000 after buying an additional 285 shares during the period. Versant Capital Management Inc raised its stake in Advanced Energy Industries by 535.3% in the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock worth $25,000 after buying an additional 182 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Advanced Energy Industries by 12.4% in the third 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 during the period. Finally, Lord Abbett & CO. LLC boosted its position in Advanced Energy Industries by 6.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 403,679 shares of the electronics maker's stock valued at $42,483,000 after acquiring an additional 23,395 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS traded down $0.31 on Friday, reaching $118.36. 167,668 shares of the company's stock were exchanged, compared to its average volume of 239,028. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 103.83, a P/E/G ratio of 6.92 and a beta of 1.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The stock has a fifty day simple moving average of $116.01 and a 200-day simple moving average of $109.35. Advanced Energy Industries has a 52 week low of $89.11 and a 52 week high of $128.70.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. The company had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. Advanced Energy Industries's revenue for the quarter was down 8.7% on a year-over-year basis. During the same period last year, the firm earned $1.12 EPS. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.34%. The ex-dividend date was Monday, November 25th. Advanced Energy Industries's dividend payout ratio is presently 35.09%.

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.