Advanced Energy Industries (NASDAQ:AEIS) Raised to “Hold” at StockNews.com

Advanced Energy Industries (NASDAQ:AEIS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

AEIS has been the subject of a number of other reports. TD Cowen decreased their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday. Wells Fargo & Company decreased their price target on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Citigroup cut 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. Finally, Susquehanna lowered their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Advanced Energy Industries currently has an average rating of “Hold” and an average target price of $112.75.

Advanced Energy Industries Stock Up 0.5 %

Shares of NASDAQ:AEIS traded up $0.50 during trading on Monday, hitting $110.07. 251,681 shares of the company were exchanged, compared to its average volume of 211,555. Advanced Energy Industries has a fifty-two week low of $85.26 and a fifty-two week high of $119.75. The company has a current ratio of 4.62, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $104.05 and a two-hundred day moving average price of $105.00. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 96.55, a P/E/G ratio of 5.49 and a beta of 1.48.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. During the same period in the previous year, the business earned $1.12 EPS. Advanced Energy Industries’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Energy Industries will post 2.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Advanced Energy Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Advanced Energy Industries by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock worth $463,335,000 after purchasing an additional 73,028 shares during the last quarter. Earnest Partners LLC increased its position in Advanced Energy Industries by 13.5% in the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after acquiring an additional 199,578 shares during the period. Dimensional Fund Advisors LP increased its position in Advanced Energy Industries by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock valued at $103,428,000 after acquiring an additional 15,577 shares during the period. The Manufacturers Life Insurance Company increased 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 buying an additional 118,328 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Advanced Energy Industries by 23.5% during 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 buying an additional 102,659 shares during the period. Institutional investors 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.