Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives $110.14 Consensus Target Price from Analysts

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been assigned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $113.25.

A number of analysts recently weighed in on AEIS shares. TD Cowen raised their price target on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Stifel Nicolaus started coverage on Advanced Energy Industries in a research note on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price for the company. Susquehanna upped their price target on Advanced Energy Industries from $90.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Citigroup lowered Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price objective for the company. in a research report on Monday, July 15th. Finally, Wells Fargo & Company upped their target price on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st.

Institutional Investors Weigh In On Advanced Energy Industries

Several large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of Advanced Energy Industries in the 2nd quarter valued at $1,316,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Advanced Energy Industries by 4.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,997 shares of the electronics maker’s stock worth $870,000 after acquiring an additional 369 shares in the last quarter. Creative Planning grew its stake in Advanced Energy Industries by 76.0% in the second quarter. Creative Planning now owns 15,569 shares of the electronics maker’s stock valued at $1,693,000 after acquiring an additional 6,721 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Advanced Energy Industries in the second quarter worth about $2,078,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Advanced Energy Industries by 22.4% during the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after purchasing an additional 118,328 shares during the period. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Trading Up 1.0 %

Shares of AEIS opened at $109.29 on Thursday. The stock has a fifty day moving average price of $107.82 and a two-hundred day moving average price of $103.33. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.40 and a current ratio of 5.47. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 40.18, 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 $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results 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 business had revenue of $364.95 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. Analysts predict that Advanced Energy Industries will post 2.32 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

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

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.