Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $126.89.

A number of research firms recently commented on AEIS. Wells Fargo & Company boosted their price target on Advanced Energy Industries from $110.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, June 27th. KeyCorp reaffirmed an “overweight” rating on shares of Advanced Energy Industries in a report on Wednesday, June 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $130.00 price objective (down from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Robert W. Baird upped their price objective on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Finally, Citigroup upped their price objective on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, May 5th.

Advanced Energy Industries Trading Up 0.3%

Shares of NASDAQ:AEIS opened at $138.03 on Friday. The stock has a 50 day moving average of $120.38 and a 200 day moving average of $112.86. The company has a market cap of $5.20 billion, a PE ratio of 71.15, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company has a current ratio of 4.43, a quick ratio of 3.28 and a debt-to-equity ratio of 0.46. Advanced Energy Industries has a 12-month low of $75.01 and a 12-month high of $139.29.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.26. Advanced Energy Industries had a return on equity of 10.70% and a net margin of 4.73%. The company had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. During the same period in the previous year, the company posted $0.58 EPS. The firm’s revenue was up 23.5% on a year-over-year basis. As a group, equities research analysts expect that Advanced Energy Industries will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, May 26th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Friday, May 23rd. Advanced Energy Industries’s dividend payout ratio is currently 20.62%.

Insider Buying and Selling at Advanced Energy Industries

In other news, EVP Paul R. Oldham sold 1,173 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $131.29, for a total transaction of $154,003.17. Following the transaction, the executive vice president owned 31,006 shares of the company’s stock, valued at approximately $4,070,777.74. The trade was a 3.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Advanced Energy Industries

Several large investors have recently modified their holdings of AEIS. Caitong International Asset Management Co. Ltd bought a new position in Advanced Energy Industries in the 1st quarter valued at $31,000. Russell Investments Group Ltd. grew its position in Advanced Energy Industries by 61.6% in the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker’s stock valued at $41,000 after acquiring an additional 135 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Advanced Energy Industries in the 4th quarter valued at $47,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in Advanced Energy Industries in the 4th quarter valued at $51,000. Finally, Advisors Asset Management Inc. grew its position in Advanced Energy Industries by 47.7% in the 1st quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker’s stock valued at $51,000 after acquiring an additional 174 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

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.