Needham & Company LLC Reaffirms "Buy" Rating for Advanced Energy Industries (NASDAQ:AEIS)

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports. They currently have a $145.00 price target on the electronics maker's stock. Needham & Company LLC's price objective would suggest a potential upside of 19.06% from the company's previous close.

Other equities analysts have also recently issued reports about the stock. Susquehanna reduced their price objective on shares of Advanced Energy Industries from $103.00 to $92.00 and set a "neutral" rating on the stock in a research note on Friday, October 11th. Bank of America upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Monday, December 16th. Citigroup upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and upped their price objective for the company from $110.00 to $138.00 in a report on Monday, January 6th. Benchmark restated a "buy" rating and set a $125.00 target price on shares of Advanced Energy Industries in a 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 for the company in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.89.

Advanced Energy Industries Trading Up 3.2 %

Shares of AEIS traded up $3.72 during trading hours on Wednesday, hitting $121.79. 140,119 shares of the stock traded hands, compared to its average volume of 229,899. The business has a fifty day moving average of $116.29 and a 200-day moving average of $109.48. The firm has a market capitalization of $4.59 billion, a PE ratio of 106.83, a price-to-earnings-growth ratio of 6.92 and a beta of 1.46. Advanced Energy Industries has a 1-year low of $89.11 and a 1-year high of $128.70. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The company's quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. Analysts expect that Advanced Energy Industries will post 2.52 EPS for the current year.

Insiders Place Their Bets

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 value of $111,720.00. Following the completion of the transaction, the director now directly owns 5,092 shares of the company's stock, valued at approximately $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.00% of the company's stock.

Institutional Trading of Advanced Energy Industries

A number of institutional investors have recently modified their holdings of the company. Versant Capital Management Inc raised its position in Advanced Energy Industries by 535.3% in the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock valued at $25,000 after buying an additional 182 shares during the last quarter. Huntington National Bank grew its stake in shares of Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker's stock worth $33,000 after acquiring an additional 208 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Advanced Energy Industries in the third quarter valued at approximately $41,000. Meeder Asset Management Inc. raised its holdings in shares of Advanced Energy Industries by 68.4% in the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker's stock valued at $48,000 after purchasing an additional 186 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Advanced Energy Industries in the second quarter worth $87,000. 99.67% of the stock is currently owned by 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.