Advanced Energy Industries (NASDAQ:AEIS) Price Target Lowered to $110.00 at Wells Fargo & Company

Advanced Energy Industries (NASDAQ:AEIS - Free Report) had its target price lowered by Wells Fargo & Company from $115.00 to $110.00 in a report issued on Thursday,Benzinga reports. The firm currently has an equal weight rating on the electronics maker's stock.

AEIS has been the subject of several other research reports. StockNews.com upgraded shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a research note on Monday, November 4th. TD Cowen reduced their target price on shares of 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. Stifel Nicolaus increased their price target on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a report on Thursday. Bank of America upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target for the company in a report on Monday, December 16th. Finally, Benchmark reiterated a "buy" rating and issued a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.56.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS traded up $0.78 during trading hours 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 1-year low of $89.11 and a 1-year high of $130.50. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 109.01, a P/E/G ratio of 3.60 and a beta of 1.45. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $117.43 and a 200 day moving average of $110.57.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released 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%. Research analysts anticipate that Advanced Energy Industries will post 2.52 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be given a $0.10 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Advanced Energy Industries's dividend payout ratio is presently 35.09%.

Insider Buying and Selling

In related news, Director Lanesha Minnix sold 1,000 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 5,092 shares of the company's stock, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Advanced Energy Industries by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker's stock valued at $568,168,000 after purchasing an additional 69,908 shares during the period. Geode Capital Management LLC increased its stake in shares of Advanced Energy Industries by 1.7% in the third quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker's stock worth $93,094,000 after buying an additional 15,030 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Advanced Energy Industries by 21.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock worth $89,565,000 after buying an additional 138,814 shares during the last quarter. Norges Bank bought a new stake in shares of Advanced Energy Industries in the fourth quarter worth $68,949,000. Finally, Principal Financial Group Inc. increased its stake in shares of Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker's stock worth $50,920,000 after buying an additional 53,566 shares during the last quarter. 99.67% of the stock is 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.