Advanced Energy Industries (NASDAQ:AEIS) Given New $310.00 Price Target at Stifel Nicolaus

Advanced Energy Industries (NASDAQ:AEIS) had its price objective lifted by Stifel Nicolaus from $270.00 to $310.00 in a research report released on Monday morning, MarketBeat reports. They currently have a buy rating on the electronics maker’s stock.

A number of other research firms have also recently issued reports on AEIS. Wells Fargo & Company lifted their target price on Advanced Energy Industries from $215.00 to $225.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Benchmark raised their price target on shares of Advanced Energy Industries from $150.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Citigroup upped their price objective on shares of Advanced Energy Industries from $167.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. KeyCorp set a $290.00 target price on shares of Advanced Energy Industries in a research report on Thursday, January 22nd. Finally, TD Cowen reiterated a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and an average target price of $259.50.

Advanced Energy Industries Trading Up 2.2%

Shares of AEIS stock opened at $279.17 on Monday. Advanced Energy Industries has a fifty-two week low of $75.01 and a fifty-two week high of $281.44. The stock’s fifty day moving average price is $234.35 and its two-hundred day moving average price is $195.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.01 and a current ratio of 4.10. The company has a market cap of $10.54 billion, a PE ratio of 73.27, a P/E/G ratio of 1.31 and a beta of 1.40.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, February 23rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, February 23rd. Advanced Energy Industries’s dividend payout ratio is presently 10.50%.

Insider Activity

In other news, Director Tina Donikowski sold 2,257 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $210.33, for a total transaction of $474,714.81. Following the completion of the transaction, the director directly owned 8,248 shares in the company, valued at $1,734,801.84. This trade represents a 21.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul R. Oldham sold 8,174 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $203.11, for a total value of $1,660,221.14. Following the completion of the sale, the executive vice president owned 24,792 shares in the company, valued at $5,035,503.12. The trade was a 24.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its stake in Advanced Energy Industries by 16.5% during the first quarter. Royal Bank of Canada now owns 11,155 shares of the electronics maker’s stock worth $1,063,000 after buying an additional 1,578 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Advanced Energy Industries by 47.7% during the 1st quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker’s stock worth $51,000 after acquiring an additional 174 shares during the period. AQR Capital Management LLC bought a new position in shares of Advanced Energy Industries in the 1st quarter worth about $468,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Advanced Energy Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,278 shares of the electronics maker’s stock worth $2,123,000 after acquiring an additional 970 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Advanced Energy Industries in the 1st quarter valued at about $228,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.

Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.