Advanced Energy Industries (NASDAQ:AEIS) Price Target Raised to $134.00

Advanced Energy Industries (NASDAQ:AEIS - Free Report) had its target price lifted by Robert W. Baird from $124.00 to $134.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the electronics maker's stock.

Other research analysts have also recently issued research reports about the stock. Benchmark restated a "buy" rating and issued a $125.00 target price on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Stifel Nicolaus initiated coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They set a "buy" rating and a $135.00 price target for the company. Baird R W raised shares of Advanced Energy Industries to a "strong-buy" rating in a research report on Friday, September 20th. StockNews.com raised shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Monday, November 4th. Finally, Susquehanna cut their target price on 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. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $117.43.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS traded up $1.29 during midday trading on Wednesday, reaching $117.84. The stock had a trading volume of 257,691 shares, compared to its average volume of 213,194. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 102.24, a price-to-earnings-growth ratio of 6.90 and a beta of 1.47. The stock has a 50-day moving average of $111.54 and a 200-day moving average of $107.79. Advanced Energy Industries has a 12-month low of $89.11 and a 12-month high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $372.49 million. During the same quarter last year, the firm posted $1.12 EPS. The firm's revenue was down 8.7% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Energy Industries will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Monday, November 25th. Advanced Energy Industries's payout ratio is presently 35.09%.

Insider Transactions at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries 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 directly owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Advanced Energy Industries

Hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its holdings in Advanced Energy Industries by 36.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,699 shares of the electronics maker's stock valued at $4,209,000 after acquiring an additional 10,243 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Advanced Energy Industries by 22.4% during the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker's stock worth $70,442,000 after buying an additional 118,328 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Advanced Energy Industries by 7.8% during the second quarter. Public Sector Pension Investment Board now owns 82,345 shares of the electronics maker's stock worth $8,956,000 after buying an additional 5,930 shares during the last quarter. Earnest Partners LLC raised its holdings in Advanced Energy Industries by 13.5% during the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker's stock worth $182,910,000 after purchasing an additional 199,578 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in Advanced Energy Industries by 3.6% in the third quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker's stock valued at $19,244,000 after buying an additional 6,217 shares in the last quarter. 99.67% of the stock is 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.