Advanced Energy Industries, Inc. (NASDAQ:AEIS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $114.33.

A number of research firms have weighed in on AEIS. TD Cowen upped their target price on Advanced Energy Industries from $100.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Robert W. Baird began coverage on Advanced Energy Industries in a research report on Friday, September 20th. They issued an “outperform” rating and a $128.00 target price for the company. Citigroup downgraded Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a research report on Monday, July 15th. Finally, Stifel Nicolaus assumed coverage on Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price target on the stock.

Institutional Trading of Advanced Energy Industries

Several large investors have recently added to or reduced their stakes in AEIS. Earnest Partners LLC raised its stake in Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after purchasing an additional 199,578 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after acquiring an additional 118,328 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Advanced Energy Industries by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after acquiring an additional 102,659 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Advanced Energy Industries by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock worth $463,335,000 after acquiring an additional 73,028 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in shares of Advanced Energy Industries in the second quarter worth $6,873,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS opened at $107.43 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 stock has a 50 day simple moving average of $102.31 and a 200-day simple moving average of $103.75. The company has a market cap of $4.02 billion, a PE ratio of 39.50, a P/E/G ratio of 5.12 and a beta of 1.49. Advanced Energy Industries has a 12-month low of $81.86 and a 12-month high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last issued 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 business had revenue of $364.95 million during 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 business’s revenue was down 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. On average, equities research analysts forecast that Advanced Energy Industries will post 2.47 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were 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 was Monday, August 26th. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 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.