Advanced Energy Industries (NASDAQ:AEIS) Given New $92.00 Price Target at Susquehanna

Advanced Energy Industries (NASDAQ:AEIS) had its price target decreased by Susquehanna from $103.00 to $92.00 in a report published on Friday, Benzinga reports. Susquehanna currently has a neutral rating on the electronics maker’s stock.

Several other equities analysts also recently commented on the stock. Robert W. Baird assumed coverage on shares of Advanced Energy Industries in a research report on Friday, September 20th. They set an outperform rating and a $128.00 target price for the company. Citigroup downgraded shares of Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 price objective for the company. in a report on Monday, July 15th. Baird R W raised Advanced Energy Industries to a strong-buy rating in a report on Friday, September 20th. StockNews.com lowered Advanced Energy Industries from a hold rating to a sell rating in a research note on Friday, September 20th. Finally, Needham & Company LLC restated a hold rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Energy Industries presently has an average rating of Hold and a consensus target price of $113.11.

Advanced Energy Industries Trading Up 1.8 %

NASDAQ:AEIS opened at $109.32 on Friday. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 45.55, a P/E/G ratio of 5.41 and a beta of 1.49. 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 50-day moving average price of $102.47 and a 200-day moving average price of $103.84. 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 announced its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The business had revenue of $364.95 million for the quarter, compared to the consensus estimate of $350.06 million. During the same period in the previous year, the business earned $0.95 earnings per share. The business’s revenue was down 12.2% on a year-over-year basis. Equities analysts predict that Advanced Energy Industries will post 2.47 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, August 26th. This represents a $0.40 annualized dividend and a yield of 0.37%. Advanced Energy Industries’s payout ratio is currently 16.67%.

Institutional Trading of Advanced Energy Industries

Several institutional investors and hedge funds have recently made changes to their positions in AEIS. Hilltop National Bank raised its holdings in shares of Advanced Energy Industries by 13.4% in the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after purchasing an additional 116 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its holdings in Advanced Energy Industries by 1.7% during the second quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock worth $796,000 after buying an additional 124 shares during the period. Pitcairn Co. boosted its position in Advanced Energy Industries by 3.9% during the 1st quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock valued at $449,000 after acquiring an additional 164 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Advanced Energy Industries by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock valued at $1,136,000 after acquiring an additional 203 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of Advanced Energy Industries by 3.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,252 shares of the electronics maker’s stock worth $680,000 after acquiring an additional 212 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

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.