Advanced Energy Industries (NASDAQ:AEIS) Rating Lowered to Sell at StockNews.com

StockNews.com cut shares of Advanced Energy Industries (NASDAQ:AEIS) from a hold rating to a sell rating in a research note published on Friday morning.

Several other brokerages also recently weighed in on AEIS. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a report on Thursday, August 15th. They set a buy rating and a $135.00 price target on the stock. TD Cowen upped their price target on Advanced Energy Industries from $100.00 to $120.00 and gave the stock a hold rating in a report on Wednesday, July 31st. Wells Fargo & Company upped their price target on Advanced Energy Industries from $97.00 to $103.00 and gave the stock an equal weight rating in a report on Wednesday, July 31st. Needham & Company LLC reiterated a hold rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Finally, Susquehanna increased their price objective on Advanced Energy Industries from $90.00 to $103.00 and gave the company a neutral rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $114.89.

Advanced Energy Industries Price Performance

AEIS stock opened at $101.16 on Friday. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3.79 billion, a PE ratio of 37.19, a P/E/G ratio of 4.88 and a beta of 1.50. Advanced Energy Industries has a 12-month low of $81.86 and a 12-month high of $119.75. The business’s fifty day moving average price is $104.30 and its 200 day moving average price is $103.27.

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, beating 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 10.43% and a net margin of 6.00%. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. On average, sell-side analysts anticipate that Advanced Energy Industries will post 2.47 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Monday, August 26th. Advanced Energy Industries’s dividend payout ratio (DPR) is 14.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AEIS. Rise Advisors LLC acquired a new position in Advanced Energy Industries in the first quarter valued at approximately $25,000. Parallel Advisors LLC boosted its stake in shares of Advanced Energy Industries by 78.2% during the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 154 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Advanced Energy Industries by 157.6% during the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 383 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Advanced Energy Industries in the second quarter valued at $87,000. Finally, Hilltop National Bank raised its holdings in shares of Advanced Energy Industries by 13.4% during the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after acquiring an additional 116 shares in the last quarter. 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.