Wells Fargo & Company Issues Positive Forecast for Advanced Energy Industries (NASDAQ:AEIS) Stock Price

Advanced Energy Industries (NASDAQ:AEIS) had its price target raised by equities research analysts at Wells Fargo & Company from $105.00 to $115.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the electronics maker’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 1.80% from the company’s previous close.

Several other equities research analysts have also issued reports on AEIS. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Monday, December 16th. Benchmark reaffirmed a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Susquehanna reduced their price target 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. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Finally, Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $126.89.

Advanced Energy Industries Trading Down 1.1 %

NASDAQ:AEIS traded down $1.25 during mid-day trading on Monday, hitting $117.11. The company had a trading volume of 19,592 shares, compared to its average volume of 207,571. The firm has a market cap of $4.41 billion, a P/E ratio of 102.73, a P/E/G ratio of 6.92 and a beta of 1.46. Advanced Energy Industries has a fifty-two week low of $89.11 and a fifty-two week high of $128.70. The business’s fifty day moving average is $116.01 and its two-hundred day moving average is $109.35. 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 (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. The business had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. Advanced Energy Industries’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 EPS. As a group, research analysts expect that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advanced Energy Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. Stifel Financial Corp grew its stake in Advanced Energy Industries by 1.0% during the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock worth $1,132,000 after purchasing an additional 102 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in 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 worth $263,000 after acquiring an additional 130 shares in the last quarter. Versant Capital Management Inc grew its holdings in Advanced Energy Industries by 535.3% in the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 182 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Advanced Energy Industries by 68.4% during the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 186 shares during the period. Finally, Huntington National Bank grew its stake in shares of Advanced Energy Industries by 200.0% in the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after buying an additional 208 shares during the period. Institutional investors and hedge funds 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.