Advanced Energy Industries (NASDAQ:AEIS) Reaches New 1-Year High on Analyst Upgrade

Advanced Energy Industries, Inc. (NASDAQ:AEIS) shares reached a new 52-week high during mid-day trading on Monday after Stifel Nicolaus raised their price target on the stock from $270.00 to $310.00. Stifel Nicolaus currently has a buy rating on the stock. Advanced Energy Industries traded as high as $281.38 and last traded at $277.3650, with a volume of 22271 shares changing hands. The stock had previously closed at $273.26.

AEIS has been the subject of a number of other research reports. Bank of America boosted their target price on shares of Advanced Energy Industries from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Benchmark boosted their price objective on shares of Advanced Energy Industries from $150.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Susquehanna upgraded shares of Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. TD Cowen reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, November 5th. Finally, Robert W. Baird set a $190.00 price target on Advanced Energy Industries in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $259.50.

Insider Activity at Advanced Energy Industries

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bayforest Capital Ltd bought a new position in Advanced Energy Industries in the fourth quarter valued at about $29,000. Private Trust Co. NA increased its stake in shares of Advanced Energy Industries by 92.4% in the third quarter. Private Trust Co. NA now owns 152 shares of the electronics maker’s stock valued at $26,000 after buying an additional 73 shares during the period. Farther Finance Advisors LLC raised its holdings in Advanced Energy Industries by 203.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 173 shares of the electronics maker’s stock valued at $29,000 after buying an additional 116 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Advanced Energy Industries by 40.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 194 shares of the electronics maker’s stock valued at $41,000 after acquiring an additional 56 shares during the last quarter. Finally, Danske Bank A S bought a new position in Advanced Energy Industries during the 3rd quarter worth $34,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Up 2.2%

The company has a debt-to-equity ratio of 0.43, a current ratio of 4.10 and a quick ratio of 3.01. The company has a market capitalization of $10.54 billion, a P/E ratio of 73.27, a P/E/G ratio of 1.31 and a beta of 1.40. The stock has a 50-day moving average price of $234.35 and a 200-day moving average price of $195.93.

Advanced Energy Industries Announces Dividend

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

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.