Advanced Energy Industries (NASDAQ:AEIS) Given Buy Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research note published on Wednesday,Benzinga reports. The firm currently has a $125.00 price target on the electronics maker’s stock.

Several other equities research analysts have also recently commented on the company. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. TD Cowen cut their price target 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. Stifel Nicolaus began coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They set a “buy” rating and a $135.00 target price for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Energy Industries presently has an average rating of “Hold” and an average target price of $113.75.

Advanced Energy Industries Trading Down 0.7 %

NASDAQ AEIS opened at $110.77 on Wednesday. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 97.17, a PEG ratio of 6.47 and a beta of 1.48. The company’s 50 day moving average price is $107.20 and its 200 day moving average price is $106.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. Advanced Energy Industries has a one year low of $89.11 and a one year high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. The firm had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. Advanced Energy Industries’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period last year, the business earned $1.12 earnings per share. On average, sell-side analysts predict that Advanced Energy Industries will post 2.5 EPS for the current year.

Advanced Energy Industries Announces Dividend

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

Insider Buying and Selling

In other news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the sale, the director now directly owns 5,092 shares of the company’s stock, valued at $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its holdings in shares of Advanced Energy Industries by 37.5% during the first quarter. Janney Montgomery Scott LLC now owns 3,497 shares of the electronics maker’s stock valued at $357,000 after acquiring an additional 954 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Advanced Energy Industries by 56.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,820 shares of the electronics maker’s stock valued at $1,648,000 after purchasing an additional 6,073 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Advanced Energy Industries by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock worth $463,335,000 after buying an additional 73,028 shares during the period. O Shaughnessy Asset Management LLC increased its position in Advanced Energy Industries by 8.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,050 shares of the electronics maker’s stock valued at $515,000 after buying an additional 377 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Advanced Energy Industries by 2.6% in the 1st quarter. Clearbridge Investments LLC now owns 99,119 shares of the electronics maker’s stock worth $10,108,000 after purchasing an additional 2,491 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

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.