Advanced Energy Industries (NASDAQ:AEIS) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Advanced Energy Industries (NASDAQ:AEIS - Free Report) in a report released on Thursday, Benzinga reports.

Several other brokerages have also commented on AEIS. Citigroup lowered Advanced Energy Industries from a "buy" rating to a "neutral" rating and set a $113.00 price objective on the stock. in a report on Monday, July 15th. Baird R W raised Advanced Energy Industries to a "strong-buy" rating in a research note on Friday, September 20th. StockNews.com lowered Advanced Energy Industries from a "hold" rating to a "sell" rating in a research note on Friday, September 20th. Benchmark reaffirmed a "buy" rating and issued a $117.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus started coverage on Advanced Energy Industries in a research note on Thursday, August 15th. They issued a "buy" rating and a $135.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $112.89.

Advanced Energy Industries Price Performance

AEIS traded up $0.76 during trading on Thursday, hitting $108.53. The company's stock had a trading volume of 529,692 shares, compared to its average volume of 211,391. 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 has a twelve month low of $81.86 and a twelve month high of $119.75. The business's fifty day simple moving average is $104.07 and its 200 day simple moving average is $104.74. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 45.22, a P/E/G ratio of 5.41 and a beta of 1.49.

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

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Advanced Energy Industries's payout ratio is 16.67%.

Institutional Investors Weigh In On Advanced Energy Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Advanced Energy Industries by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker's stock valued at $463,335,000 after purchasing an additional 73,028 shares during the period. Earnest Partners LLC raised its position in Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker's stock valued at $182,910,000 after purchasing an additional 199,578 shares during the period. Dimensional Fund Advisors LP raised its position in Advanced Energy Industries by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker's stock valued at $103,428,000 after purchasing an additional 15,577 shares during the period. The Manufacturers Life Insurance Company raised its position in Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker's stock valued at $70,442,000 after purchasing an additional 118,328 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Advanced Energy Industries by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker's stock valued at $58,754,000 after purchasing an additional 102,659 shares during the period. Hedge funds and other institutional investors own 99.67% of the company's stock.

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.