StockNews.com Initiates Coverage on Advanced Energy Industries (NASDAQ:AEIS)

Equities research analysts at StockNews.com initiated coverage on shares of Advanced Energy Industries (NASDAQ:AEIS – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the electronics maker’s stock.

Other research analysts have also recently issued research reports about the stock. Benchmark lifted their target price on shares of Advanced Energy Industries from $90.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Cowen lifted their target price on shares of Advanced Energy Industries from $90.00 to $100.00 and gave the company a “market perform” rating in a research note on Thursday, February 9th. Needham & Company LLC lifted their target price on shares of Advanced Energy Industries from $88.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Finally, Citigroup boosted their price target on shares of Advanced Energy Industries from $95.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, February 15th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Advanced Energy Industries currently has an average rating of “Moderate Buy” and a consensus price target of $104.43.

Advanced Energy Industries Trading Up 3.3 %

Shares of Advanced Energy Industries stock opened at $90.61 on Thursday. The company’s fifty day simple moving average is $90.87 and its 200-day simple moving average is $90.80. The stock has a market capitalization of $3.40 billion, a PE ratio of 17.63 and a beta of 1.56. Advanced Energy Industries has a 1-year low of $67.55 and a 1-year high of $101.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.15 and a quick ratio of 2.10.

Institutional Investors Weigh In On Advanced Energy Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cim Investment Management Inc. raised its position in Advanced Energy Industries by 3.5% during the first quarter. Cim Investment Management Inc. now owns 3,766 shares of the electronics maker’s stock valued at $369,000 after purchasing an additional 129 shares during the period. Bank of Montreal Can raised its holdings in shares of Advanced Energy Industries by 0.8% in the first quarter. Bank of Montreal Can now owns 18,239 shares of the electronics maker’s stock worth $1,678,000 after buying an additional 136 shares during the period. Pitcairn Co. raised its holdings in shares of Advanced Energy Industries by 3.6% in the fourth quarter. Pitcairn Co. now owns 4,176 shares of the electronics maker’s stock worth $358,000 after buying an additional 146 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Advanced Energy Industries by 0.6% in the fourth quarter. State of Alaska Department of Revenue now owns 26,028 shares of the electronics maker’s stock worth $2,232,000 after buying an additional 149 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Advanced Energy Industries by 1.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,474 shares of the electronics maker’s stock worth $898,000 after buying an additional 156 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Energy Industries Company Profile

(Get Rating)

Advanced Energy Industries, Inc engages in the provision of precision power conversion, measurement, and control solutions. Its products include Plasma Power Generators, High Voltage Products, Low Voltage Power Supplies, Remote Plasma Sources, Temperature Measurement Products, SCR Power Controllers, Electrostatic Products, and Gas Sensors.