Advanced Energy Industries (NASDAQ:AEIS) Sets New 1-Year High – Should You Buy?

Advanced Energy Industries, Inc. (NASDAQ:AEIS)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $121.07 and last traded at $121.04, with a volume of 67404 shares changing hands. The stock had previously closed at $117.22.

Analysts Set New Price Targets

A number of brokerages have commented on AEIS. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Wells Fargo & Company boosted their price objective on shares of Advanced Energy Industries from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Robert W. Baird lifted their price target on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Susquehanna reduced their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and an average target price of $120.25.

Advanced Energy Industries Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The company’s 50 day moving average price is $112.38 and its 200-day moving average price is $108.01. The stock has a market cap of $4.67 billion, a P/E ratio of 102.82, a price-to-earnings-growth ratio of 6.92 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS) last announced 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. The company had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. Equities analysts forecast that Advanced Energy Industries, Inc. will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a $0.10 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. Advanced Energy Industries’s dividend payout ratio is 35.09%.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Advanced Energy Industries

Several institutional investors and hedge funds have recently bought and sold shares of AEIS. Wealth Enhancement Advisory Services LLC raised its position in shares of Advanced Energy Industries by 12.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,366 shares of the electronics maker’s stock worth $257,000 after acquiring an additional 261 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Advanced Energy Industries by 16.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,305 shares of the electronics maker’s stock worth $686,000 after acquiring an additional 890 shares during the period. Raymond James & Associates boosted its holdings in Advanced Energy Industries by 10.8% in the second quarter. Raymond James & Associates now owns 24,180 shares of the electronics maker’s stock worth $2,630,000 after purchasing an additional 2,355 shares during the last quarter. Nisa Investment Advisors LLC grew its position in 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 purchasing an additional 212 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in Advanced Energy Industries by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the electronics maker’s stock valued at $2,045,000 after buying an additional 300 shares during the last quarter. Hedge funds and other 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.