Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives Consensus Rating of “Hold” from Analysts

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the firm, Marketbeat reports. Seven equities research 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. The average 12 month price objective among analysts that have covered the stock in the last year is $112.75.

AEIS has been the subject of a number of research reports. TD Cowen reduced their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. 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 research note on Monday, July 15th. Benchmark restated a “buy” rating and set a $117.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Wells Fargo & Company cut their price target on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Finally, Robert W. Baird cut their price target on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday.

Advanced Energy Industries Stock Performance

NASDAQ AEIS opened at $110.07 on Tuesday. The company has a market cap of $4.15 billion, a P/E ratio of 96.55, a P/E/G ratio of 5.49 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 4.22. The stock has a 50-day moving average of $104.05 and a two-hundred day moving average of $105.00. Advanced Energy Industries has a 1-year low of $85.26 and a 1-year high of $119.75.

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

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s payout ratio is presently 35.09%.

Institutional Investors Weigh In On Advanced Energy Industries

A number of hedge funds have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D boosted its holdings in Advanced Energy Industries by 1.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 18,090 shares of the electronics maker’s stock valued at $1,904,000 after acquiring an additional 260 shares during the period. Principal Financial Group Inc. boosted its holdings in Advanced Energy Industries by 12.4% during the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock valued at $50,920,000 after acquiring an additional 53,566 shares during the period. Pinnacle Associates Ltd. raised its position in shares of Advanced Energy Industries by 3.6% during the third quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker’s stock valued at $19,244,000 after buying an additional 6,217 shares during the last quarter. Semanteon Capital Management LP acquired a new position in shares of Advanced Energy Industries during the third quarter valued at about $724,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Advanced Energy Industries by 5.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock valued at $263,000 after buying an additional 130 shares during 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.