Advanced Energy Industries (NASDAQ:AEIS) Price Target Increased to $120.00 by Analysts at TD Cowen

Advanced Energy Industries (NASDAQ:AEIS) had its target price increased by TD Cowen from $100.00 to $120.00 in a research note published on Wednesday, Marketbeat reports. The brokerage currently has a hold rating on the electronics maker’s stock.

AEIS has been the topic of several other reports. StockNews.com cut shares of Advanced Energy Industries from a hold rating to a sell rating in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a hold rating on shares of Advanced Energy Industries in a research note on Tuesday, June 25th. Benchmark reaffirmed a buy rating and set a $117.00 price target on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Susquehanna decreased their price target on shares of Advanced Energy Industries from $95.00 to $90.00 and set a neutral rating on the stock in a research note on Thursday, May 2nd. Finally, Citigroup cut shares of Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 price target on the stock. in a research note on Monday, July 15th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Advanced Energy Industries presently has an average rating of Hold and a consensus price target of $110.14.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS opened at $101.64 on Wednesday. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 5.79 and a beta of 1.52. Advanced Energy Industries has a 52 week low of $81.86 and a 52 week high of $124.74. The company’s 50-day moving average price is $109.02 and its 200 day moving average price is $103.66. The company has a current ratio of 5.47, a quick ratio of 4.40 and a debt-to-equity ratio of 0.76.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The firm had revenue of $364.95 million for the quarter, compared to analysts’ expectations of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The firm’s revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 EPS. As a group, research analysts forecast that Advanced Energy Industries will post 2.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AEIS. Quantbot Technologies LP purchased a new position in Advanced Energy Industries in the first quarter valued at approximately $1,003,000. Norges Bank purchased a new position in Advanced Energy Industries in the fourth quarter valued at approximately $43,516,000. Peregrine Capital Management LLC purchased a new position in Advanced Energy Industries in the fourth quarter valued at approximately $7,856,000. Moody Aldrich Partners LLC raised its holdings in Advanced Energy Industries by 130.4% in the fourth quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock valued at $3,571,000 after buying an additional 18,561 shares during the period. Finally, Seizert Capital Partners LLC raised its holdings in Advanced Energy Industries by 71.2% in the fourth quarter. Seizert Capital Partners LLC now owns 28,479 shares of the electronics maker’s stock valued at $3,102,000 after buying an additional 11,846 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

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.