Advanced Energy Industries (NASDAQ:AEIS) Shares Up 4.5% - Still a Buy?

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) traded up 4.5% during mid-day trading on Wednesday . The company traded as high as $111.47 and last traded at $111.47. 44,362 shares were traded during mid-day trading, a decline of 79% from the average session volume of 209,139 shares. The stock had previously closed at $106.63.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AEIS. Citigroup downgraded shares of Advanced Energy Industries from a "buy" rating to a "neutral" rating and set a $113.00 price objective on the stock. in a research report on Monday, July 15th. StockNews.com downgraded Advanced Energy Industries from a "hold" rating to a "sell" rating in a research report on Friday, September 20th. Wells Fargo & Company lowered their target price on Advanced Energy Industries from $103.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Stifel Nicolaus assumed 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. Finally, Benchmark reissued a "buy" rating and issued a $117.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Energy Industries currently has a consensus rating of "Hold" and an average price target of $113.11.

Advanced Energy Industries Stock Performance

The company has a market cap of $4.15 billion, a P/E ratio of 40.71, a price-to-earnings-growth ratio of 5.41 and a beta of 1.49. The company's 50-day moving average price is $103.19 and its two-hundred day moving average price is $104.03. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.14. The company had revenue of $364.95 million during the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The business's quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. As a group, equities analysts forecast that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Monday, August 26th. Advanced Energy Industries's dividend payout ratio is currently 14.71%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in Advanced Energy Industries during the 1st quarter valued at $1,003,000. GSA Capital Partners LLP bought a new stake in shares of Advanced Energy Industries in the first quarter valued at about $799,000. SG Americas Securities LLC bought a new position in Advanced Energy Industries during the first quarter valued at about $732,000. Capstone Investment Advisors LLC acquired a new stake in shares of Advanced Energy Industries during the 1st quarter worth approximately $1,197,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Advanced Energy Industries by 14.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,578 shares of the electronics maker's stock valued at $4,036,000 after purchasing an additional 5,000 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.