Advanced Energy Industries (NASDAQ:AEIS) Price Target Cut to $110.00 by Analysts at Wells Fargo & Company

Advanced Energy Industries (NASDAQ:AEIS) had its price objective decreased by Wells Fargo & Company from $115.00 to $110.00 in a report issued on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the electronics maker’s stock.

Other research analysts also recently issued research reports about the company. Benchmark reaffirmed a “buy” rating and issued a $125.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Robert W. Baird dropped 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. Stifel Nicolaus upped their price target on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Finally, StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.56.

Advanced Energy Industries Stock Performance

NASDAQ AEIS opened at $123.49 on Thursday. Advanced Energy Industries has a 12-month low of $89.11 and a 12-month high of $130.50. The firm has a 50-day moving average price of $117.29 and a two-hundred day moving average price of $110.50. The company has a market capitalization of $4.65 billion, a P/E ratio of 108.33, a P/E/G ratio of 3.60 and a beta of 1.45. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. Analysts anticipate that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Advanced Energy Industries’s payout ratio is presently 35.09%.

Insider Transactions at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the sale, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. This trade represents a 16.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Advanced Energy Industries

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in shares of Advanced Energy Industries by 535.3% during 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 last quarter. Huntington National Bank grew its holdings in Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 208 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Advanced Energy Industries by 61.6% during the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker’s stock worth $41,000 after acquiring an additional 135 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Advanced Energy Industries during the third quarter valued at $41,000. Finally, Meeder Asset Management Inc. lifted 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 worth $48,000 after purchasing an additional 186 shares during the period. 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.