Wells Fargo & Company Forecasts Strong Price Appreciation for Advanced Energy Industries (NASDAQ:AEIS) Stock

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its price target increased by investment analysts at Wells Fargo & Company from $105.00 to $115.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the electronics maker's stock. Wells Fargo & Company's price objective would suggest a potential downside of 2.00% from the stock's current price.

Other equities analysts have also issued reports about the company. Susquehanna reduced their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a "neutral" rating for the company in a report on Friday, October 11th. Needham & Company LLC raised Advanced Energy Industries from a "hold" rating to a "buy" rating and set a $145.00 price objective for the company in a report on Tuesday, January 7th. Bank of America raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price objective on the stock in a report on Monday, December 16th. TD Cowen lowered 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 research report on Thursday, October 31st. Finally, StockNews.com raised shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Monday, November 4th. Four equities 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 company. According to data from MarketBeat.com, Advanced Energy Industries presently has an average rating of "Moderate Buy" and an average target price of $126.89.

Advanced Energy Industries Stock Down 0.9 %

Shares of NASDAQ AEIS traded down $1.01 during midday trading on Monday, hitting $117.35. 149,252 shares of the stock traded hands, compared to its average volume of 226,193. The company has a market cap of $4.42 billion, a PE ratio of 102.94, a P/E/G ratio of 6.92 and a beta of 1.46. The business has a 50 day moving average price of $116.15 and a two-hundred day moving average price of $109.42. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. Advanced Energy Industries has a one year low of $89.11 and a one year high of $128.70.

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

Insider Buying and Selling

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares of the company's stock, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its position in shares of Advanced Energy Industries by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker's stock valued at $1,132,000 after purchasing an additional 102 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Advanced Energy Industries by 5.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker's stock valued at $263,000 after acquiring an additional 130 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Advanced Energy Industries by 535.3% during the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock worth $25,000 after acquiring an additional 182 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker's stock worth $48,000 after acquiring an additional 186 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of Advanced Energy Industries by 200.0% in the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker's stock valued at $33,000 after purchasing an additional 208 shares in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

About Advanced Energy Industries

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.