Advanced Energy Industries (NASDAQ:AEIS) Coverage Initiated at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research note released on Thursday morning, MarketBeat reports. The brokerage issued a buy rating and a $135.00 price objective on the electronics maker’s stock.

Several other analysts have also recently commented on the company. Benchmark restated a buy rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Wells Fargo & Company raised their price target on Advanced Energy Industries from $97.00 to $103.00 and gave the company an equal weight rating in a report on Wednesday, July 31st. Needham & Company LLC reaffirmed a hold rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. StockNews.com lowered shares of Advanced Energy Industries from a hold rating to a sell rating in a research report on Thursday, August 8th. Finally, Citigroup downgraded 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 report on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $113.25.

Advanced Energy Industries Stock Performance

Shares of AEIS opened at $108.20 on Thursday. The firm has a fifty day moving average of $107.74 and a 200-day moving average of $103.31. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 39.78, a price-to-earnings-growth ratio of 5.79 and a beta of 1.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.40 and a current ratio of 5.47. Advanced Energy Industries has a 1 year low of $81.86 and a 1 year high of $119.75.

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

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 26th will be issued a $0.10 dividend. The ex-dividend date is Monday, August 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Advanced Energy Industries’s dividend payout ratio is currently 14.71%.

Hedge Funds Weigh In On Advanced Energy Industries

A number of hedge funds and other institutional investors have recently modified their holdings of AEIS. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Advanced Energy Industries by 4.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,477 shares of the electronics maker’s stock valued at $1,904,000 after acquiring an additional 726 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Advanced Energy Industries in the fourth quarter worth $2,037,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Advanced Energy Industries by 23.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,662 shares of the electronics maker’s stock valued at $943,000 after buying an additional 1,637 shares in the last quarter. Peterson Wealth Services purchased a new position in shares of Advanced Energy Industries during the fourth quarter valued at $207,000. Finally, Signaturefd LLC raised its position in Advanced Energy Industries by 52.3% during the fourth quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock valued at $66,000 after buying an additional 209 shares during the period. 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.