Advanced Energy Industries (NASDAQ:AEIS) Hits New 1-Year Low – What’s Next?

Advanced Energy Industries, Inc. (NASDAQ:AEIS) hit a new 52-week low during trading on Thursday . The company traded as low as $83.16 and last traded at $84.93, with a volume of 135082 shares changing hands. The stock had previously closed at $96.52.

Analyst Ratings Changes

Several research firms recently weighed in on AEIS. Needham & Company LLC restated a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a report on Thursday, February 13th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Monday, December 16th. Robert W. Baird cut their target price on shares of Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus upped their price target on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company dropped their price objective on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Advanced Energy Industries presently has an average rating of “Moderate Buy” and a consensus price target of $126.56.

Advanced Energy Industries Trading Down 13.1 %

The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. The business’s 50 day moving average price is $112.05 and its 200-day moving average price is $112.37. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 58.65, a PEG ratio of 1.39 and a beta of 1.43.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. On average, research analysts forecast that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. Advanced Energy Industries’s payout ratio is presently 27.97%.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the transaction, the director now owns 3,492 shares of the company’s stock, valued at approximately $451,760.04. This represents a 31.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the transaction, the chief operating officer now owns 19,822 shares in the company, valued at approximately $2,212,333.42. This represents a 49.34 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Advanced Energy Industries

Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc grew its position in shares of Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after buying an additional 182 shares during the period. Quantbot Technologies LP acquired a new position in Advanced Energy Industries during the third quarter valued at approximately $41,000. Russell Investments Group Ltd. increased its stake in Advanced Energy Industries by 61.6% in the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker’s stock valued at $41,000 after purchasing an additional 135 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Advanced Energy Industries in the fourth quarter worth $47,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Advanced Energy Industries during the fourth quarter worth $51,000. 99.67% of the stock is owned by institutional investors and hedge funds.

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.