Advanced Energy Industries (NASDAQ:AEIS) Receives Buy Rating from Benchmark

Benchmark restated their buy rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report released on Wednesday morning, Benzinga reports. They currently have a $117.00 target price on the electronics maker’s stock.

A number of other equities analysts also recently weighed in on the company. TD Cowen upped their target price on Advanced Energy Industries from $100.00 to $120.00 and gave the company a hold rating in a report on Wednesday. Citigroup downgraded Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 target price on the stock. in a report on Monday, July 15th. StockNews.com downgraded Advanced Energy Industries from a hold rating to a sell rating in a report on Thursday, May 2nd. Susquehanna upped their target price on Advanced Energy Industries from $90.00 to $103.00 and gave the company a neutral rating in a report on Wednesday. Finally, Wells Fargo & Company upped their target price on Advanced Energy Industries from $97.00 to $103.00 and gave the company an equal weight rating in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $110.14.

Advanced Energy Industries Price Performance

NASDAQ AEIS opened at $101.64 on Wednesday. The stock’s 50-day moving average price is $109.02 and its two-hundred day moving average price is $103.65. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78. The company has a market cap of $3.83 billion, a PE ratio of 37.37, a PEG ratio of 5.69 and a beta of 1.52. Advanced Energy Industries has a 1 year low of $81.86 and a 1 year high of $124.74.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.14. The firm had revenue of $364.95 million for the quarter, compared to the consensus estimate of $350.06 million. Advanced Energy Industries had a return on equity of 10.51% and a net margin of 6.00%. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. On average, analysts predict that Advanced Energy Industries will post 2.33 EPS for the current year.

Hedge Funds Weigh In On Advanced Energy Industries

A number of hedge funds have recently added to or reduced their stakes in AEIS. Rise Advisors LLC acquired a new position in Advanced Energy Industries in the first quarter worth approximately $25,000. Parallel Advisors LLC increased its holdings in Advanced Energy Industries by 78.2% in the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after buying an additional 154 shares during the last quarter. Signaturefd LLC increased its holdings in Advanced Energy Industries by 52.3% in the fourth quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock worth $66,000 after buying an additional 209 shares during the last quarter. GAMMA Investing LLC boosted its position in Advanced Energy Industries by 157.6% during the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 383 shares during the period. Finally, Principal Securities Inc. bought a new stake in Advanced Energy Industries during the fourth quarter worth approximately $87,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

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.