Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its price target raised by investment analysts at Stifel Nicolaus from $130.00 to $135.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the electronics maker's stock. Stifel Nicolaus' price target suggests a potential upside of 8.63% from the company's previous close.
Several other research firms have also issued reports on AEIS. Benchmark reiterated a "buy" rating and set a $125.00 target price on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Wells Fargo & Company boosted their target price on Advanced Energy Industries from $105.00 to $115.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Robert W. Baird lowered their price target on Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating for the company in a research report on Thursday. 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 research report on Monday, December 16th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $145.00 target price on shares of Advanced Energy Industries in a report on Thursday. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.56.
View Our Latest Research Report on AEIS
Advanced Energy Industries Stock Up 0.6 %
Shares of NASDAQ AEIS traded up $0.78 during mid-day trading on Thursday, hitting $124.27. 405,452 shares of the stock traded hands, compared to its average volume of 242,176. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 109.01, a PEG ratio of 3.60 and a beta of 1.45. The stock has a fifty day moving average price of $117.43 and a 200-day moving average price of $110.57. Advanced Energy Industries has a 52 week low of $89.11 and a 52 week high of $130.50. 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 (NASDAQ:AEIS - Get Free Report) last released its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts' consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. Research analysts anticipate that Advanced Energy Industries will post 2.52 EPS for the current year.
Insider Buying and Selling at Advanced Energy Industries
In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company's 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 completion of the sale, the director now owns 5,092 shares in the company, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Advanced Energy Industries
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Advanced Energy Industries during the fourth quarter worth about $68,949,000. The Manufacturers Life Insurance Company grew its holdings in Advanced Energy Industries by 21.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock valued at $89,565,000 after buying an additional 138,814 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Advanced Energy Industries during the 3rd quarter valued at approximately $12,306,000. Raymond James Financial Inc. purchased a new position in shares of Advanced Energy Industries in the 4th quarter worth $9,864,000. Finally, Southernsun Asset Management LLC grew its position in Advanced Energy Industries by 240.5% in the fourth quarter. Southernsun Asset Management LLC now owns 115,668 shares of the electronics maker's stock worth $13,375,000 after acquiring an additional 81,697 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.
About Advanced Energy Industries
(
Get Free Report)
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.
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