Advanced Energy Industries (NASDAQ:AEIS) Receives Buy Rating from Benchmark

Advanced Energy Industries (NASDAQ:AEIS)‘s stock had its “buy” rating reiterated by stock analysts at Benchmark in a note issued to investors on Thursday, Benzinga reports. They presently have a $117.00 price objective on the electronics maker’s stock. Benchmark’s target price points to a potential upside of 19.40% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Susquehanna lowered their price objective on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday. Wells Fargo & Company lowered their price target on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Hold” and a consensus target price of $111.86.

Advanced Energy Industries Trading Up 2.5 %

Shares of AEIS opened at $97.99 on Thursday. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 3.37 and a beta of 1.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $126.38. The firm has a 50 day moving average price of $97.82 and a 200-day moving average price of $99.13.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). The business had revenue of $327.50 million during the quarter, compared to the consensus estimate of $351.74 million. Advanced Energy Industries had a return on equity of 11.70% and a net margin of 6.58%. The company’s revenue was down 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 earnings per share. As a group, equities research analysts forecast that Advanced Energy Industries will post 2.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new position in Advanced Energy Industries in the 1st quarter worth $799,000. Central Pacific Bank Trust Division purchased a new stake in shares of Advanced Energy Industries in the 1st quarter worth about $114,000. FORA Capital LLC grew its position in shares of Advanced Energy Industries by 26.6% in the 1st quarter. FORA Capital LLC now owns 4,973 shares of the electronics maker’s stock worth $507,000 after buying an additional 1,045 shares during the period. Capstone Investment Advisors LLC purchased a new stake in shares of Advanced Energy Industries in the 1st quarter worth about $1,197,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Advanced Energy Industries by 37.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,497 shares of the electronics maker’s stock worth $357,000 after buying an additional 954 shares during the period. 99.67% of the stock is currently owned by institutional investors.

About Advanced Energy Industries

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.