Advanced Energy Industries (NASDAQ:AEIS) Hits New 52-Week Low - Here's Why

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $83.16 and last traded at $84.93, with a volume of 135082 shares traded. The stock had previously closed at $96.52.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stifel Nicolaus raised their target price on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Citigroup upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and raised their price target for the company from $110.00 to $138.00 in a report on Monday, January 6th. Needham & Company LLC reiterated a "buy" rating and issued a $145.00 price target on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Robert W. Baird reduced their price objective on shares of Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, Bank of America upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 target price on the stock in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $126.56.

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Advanced Energy Industries Trading Down 5.8 %

The stock's 50 day moving average is $110.29 and its 200-day moving average is $112.12. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The company has a market cap of $2.99 billion, a PE ratio of 55.27, a P/E/G ratio of 1.39 and a beta of 1.47.

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 the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. As a group, sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries's payout ratio is currently 27.97%.

Insider Transactions at Advanced Energy Industries

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the sale, the chief operating officer now owns 19,822 shares of the company's stock, valued at $2,212,333.42. This trade represents a 49.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the sale, the director now owns 3,492 shares of the company's stock, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Advanced Energy Industries

Institutional investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its position in Advanced Energy Industries by 45.7% in the third quarter. Cerity Partners LLC now owns 4,148 shares of the electronics maker's stock valued at $436,000 after purchasing an additional 1,302 shares during the period. Quantbot Technologies LP purchased a new position in shares of Advanced Energy Industries in the third quarter valued at approximately $41,000. Captrust Financial Advisors increased its holdings in Advanced Energy Industries by 12.3% during the 3rd quarter. Captrust Financial Advisors now owns 8,658 shares of the electronics maker's stock worth $911,000 after purchasing an additional 946 shares during the period. Quantinno Capital Management LP grew its holdings in Advanced Energy Industries by 13.8% during the 3rd quarter. Quantinno Capital Management LP now owns 2,995 shares of the electronics maker's stock worth $315,000 after acquiring an additional 363 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Advanced Energy Industries by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker's stock worth $1,132,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

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.