Susquehanna Lowers Advanced Energy Industries (NASDAQ:AEIS) Price Target to $90.00

Advanced Energy Industries (NASDAQ:AEIS) had its target price reduced by stock analysts at Susquehanna from $95.00 to $90.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the electronics maker’s stock. Susquehanna’s price objective would suggest a potential downside of 8.15% from the stock’s current price.

AEIS has been the subject of several other reports. Wells Fargo & Company cut their target price on shares of 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. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Advanced Energy Industries has a consensus rating of “Hold” and an average price target of $111.86.

Advanced Energy Industries Stock Up 2.5 %

AEIS stock opened at $97.99 on Thursday. Advanced Energy Industries has a 12 month low of $81.86 and a 12 month high of $126.38. The firm has a market cap of $3.66 billion, a PE ratio of 36.03, a P/E/G ratio of 3.37 and a beta of 1.54. The firm has a 50 day simple moving average of $97.82 and a 200 day simple 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.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Advanced Energy Industries by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,470,367 shares of the electronics maker’s stock worth $486,912,000 after buying an additional 32,822 shares during the period. FMR LLC boosted its holdings in shares of Advanced Energy Industries by 16.8% during the 3rd quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock worth $415,262,000 after buying an additional 577,765 shares during the period. Earnest Partners LLC boosted its holdings in shares of Advanced Energy Industries by 0.5% during the 3rd quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock worth $161,750,000 after buying an additional 7,701 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Advanced Energy Industries by 6.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,167,892 shares of the electronics maker’s stock worth $127,207,000 after buying an additional 75,351 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Advanced Energy Industries by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 923,960 shares of the electronics maker’s stock worth $100,641,000 after buying an additional 3,093 shares during the period. Institutional investors and hedge funds 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.