Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $108.86.

Several equities analysts have commented on AEIS shares. Susquehanna decreased their price target on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. StockNews.com lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Citigroup lifted their price target on shares of Advanced Energy Industries from $107.00 to $113.00 and gave the stock a “buy” rating in a research note on Monday. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Finally, Benchmark reiterated a “buy” rating and set a $117.00 price target on shares of Advanced Energy Industries in a research note on Thursday, May 2nd.

Institutional Investors Weigh In On Advanced Energy Industries

Several institutional investors have recently made changes to their positions in AEIS. Mirae Asset Global Investments Co. Ltd. grew its stake in Advanced Energy Industries by 0.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,751 shares of the electronics maker’s stock valued at $1,727,000 after acquiring an additional 122 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Advanced Energy Industries by 7.1% in the 4th quarter. Quadrant Capital Group LLC now owns 2,087 shares of the electronics maker’s stock valued at $227,000 after acquiring an additional 138 shares during the last quarter. Advisor Partners II LLC grew its stake in Advanced Energy Industries by 7.9% in the 3rd quarter. Advisor Partners II LLC now owns 2,012 shares of the electronics maker’s stock valued at $207,000 after acquiring an additional 148 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Advanced Energy Industries by 5.4% during the 3rd quarter. Inspire Investing LLC now owns 2,971 shares of the electronics maker’s stock worth $306,000 after purchasing an additional 153 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Advanced Energy Industries by 78.2% during the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 154 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Energy Industries Stock Up 2.2 %

AEIS stock opened at $100.12 on Tuesday. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 3.43 and a beta of 1.54. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78. Advanced Energy Industries has a 12 month low of $81.86 and a 12 month high of $126.38. The firm has a 50-day moving average of $97.79 and a two-hundred day moving average of $99.17.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). The firm had revenue of $327.50 million for the quarter, compared to analyst estimates of $351.74 million. Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The firm’s quarterly revenue was down 22.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. As a group, analysts forecast that Advanced Energy Industries will post 2.88 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 27th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

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.