Needham & Company LLC Reiterates “Hold” Rating for Advanced Energy Industries (NASDAQ:AEIS)

Advanced Energy Industries (NASDAQ:AEIS)‘s stock had its “hold” rating reiterated by equities research analysts at Needham & Company LLC in a report released on Thursday, Benzinga reports.

Separately, Wells Fargo & Company decreased their price target on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $111.86.

Advanced Energy Industries Stock Up 2.5 %

Shares of Advanced Energy Industries stock opened at $97.99 on Thursday. The business has a 50-day moving average of $97.82 and a 200-day moving average of $99.13. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.10 and a quick ratio of 4.10. The company has a market capitalization of $3.66 billion, a PE ratio of 36.03, a P/E/G ratio of 3.37 and a beta of 1.54. Advanced Energy Industries has a 1-year low of $81.86 and a 1-year high of $126.38.

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

Institutional Investors Weigh In On Advanced Energy Industries

Hedge funds have recently made changes to their positions in the business. Rise Advisors LLC bought a new stake in Advanced Energy Industries during the first quarter worth approximately $25,000. Parallel Advisors LLC raised its holdings in Advanced Energy Industries by 78.2% during the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 154 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Advanced Energy Industries during the third quarter worth approximately $48,000. Signaturefd LLC raised its holdings in Advanced Energy Industries by 52.3% during the fourth quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock worth $66,000 after purchasing an additional 209 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Advanced Energy Industries during the third quarter worth approximately $85,000. 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.