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

Advanced Energy Industries (NASDAQ:AEIS - Free Report) had its target price hoisted by Wells Fargo & Company from $98.00 to $105.00 in a research note published on Friday,Benzinga reports. They currently have an equal weight rating on the electronics maker's stock.

A number of other analysts have also recently issued reports on the stock. Baird R W raised shares of Advanced Energy Industries to a "strong-buy" rating in a research note on Friday, September 20th. Stifel Nicolaus initiated coverage on Advanced Energy Industries in a research note on Thursday, August 15th. They issued a "buy" rating and a $135.00 price target for the company. Robert W. Baird lowered their price objective on Advanced Energy Industries from $128.00 to $124.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Benchmark reiterated a "buy" rating and set a $125.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Finally, TD Cowen lowered their price target on Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating on the stock in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.00.

Advanced Energy Industries Stock Performance

AEIS stock traded up $2.73 during trading on Friday, reaching $117.43. The stock had a trading volume of 145,938 shares, compared to its average volume of 213,267. The firm has a market cap of $4.42 billion, a PE ratio of 103.01, a PEG ratio of 6.96 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. The stock's 50 day moving average is $111.00 and its two-hundred day moving average is $107.68. Advanced Energy Industries has a 52 week low of $89.11 and a 52 week high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 net margin of 2.91% and a return on equity of 9.02%. The business's quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 EPS. As a group, equities analysts anticipate that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given 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%.

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 that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now owns 5,092 shares of the company's stock, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Huntington National Bank boosted its position in shares of Advanced Energy Industries by 200.0% during the third quarter. Huntington National Bank now owns 312 shares of the electronics maker's stock valued at $33,000 after buying an additional 208 shares during the period. Quantbot Technologies LP bought a new stake in shares of Advanced Energy Industries during the 3rd quarter worth approximately $41,000. Meeder Asset Management Inc. boosted its holdings in Advanced Energy Industries by 68.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker's stock valued at $48,000 after acquiring an additional 186 shares during the period. GAMMA Investing LLC grew its position in Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker's stock valued at $68,000 after acquiring an additional 383 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Advanced Energy Industries in the second quarter worth $87,000. 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.