Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) had its target price lowered by stock analysts at Robert W. Baird from $138.00 to $136.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the electronics maker's stock. Robert W. Baird's price target suggests a potential upside of 9.44% from the stock's previous close.
Several other equities research analysts have also recently commented on the stock. Citigroup raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $110.00 to $138.00 in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $145.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, January 15th. Wells Fargo & Company lifted their target price on Advanced Energy Industries from $105.00 to $115.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. StockNews.com raised Advanced Energy Industries from a "sell" rating to a "hold" rating in a research report on Monday, November 4th. Finally, Bank of America upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price objective on the stock in a report 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 issued a strong buy rating to the company. According to MarketBeat.com, Advanced Energy Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.56.
View Our Latest Analysis on AEIS
Advanced Energy Industries Stock Up 0.6 %
Shares of NASDAQ AEIS traded up $0.78 during mid-day trading on Thursday, reaching $124.27. 405,452 shares of the company's stock were exchanged, compared to its average volume of 242,176. Advanced Energy Industries has a twelve month low of $89.11 and a twelve month high of $130.50. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 109.01, a PEG ratio of 3.60 and a beta of 1.45. The business has a fifty day simple moving average of $117.43 and a 200 day simple moving average of $110.57.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. As a group, equities analysts expect that Advanced Energy Industries will post 2.52 EPS for the current fiscal year.
Insider Buying and Selling at Advanced Energy Industries
In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the sale, the director now owns 5,092 shares in the company, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc lifted its holdings in Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock valued at $25,000 after purchasing an additional 182 shares during the last quarter. Huntington National Bank increased its holdings in shares of Advanced Energy Industries by 200.0% in the third quarter. Huntington National Bank now owns 312 shares of the electronics maker's stock valued at $33,000 after purchasing an additional 208 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Advanced Energy Industries in the third quarter valued at about $41,000. Russell Investments Group Ltd. lifted its stake in shares of Advanced Energy Industries by 61.6% during the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock worth $41,000 after buying an additional 135 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Advanced Energy Industries by 68.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker's stock worth $48,000 after buying an additional 186 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.
About Advanced Energy Industries
(
Get Free Report)
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.
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