Advanced Energy Industries (NASDAQ:AEIS) Given New $97.00 Price Target at Wells Fargo & Company

Advanced Energy Industries (NASDAQ:AEISFree Report) had its target price decreased by Wells Fargo & Company from $108.00 to $97.00 in a report published on Wednesday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the electronics maker’s stock.

Other analysts also recently issued reports about the company. Bank of America began coverage on Advanced Energy Industries in a research note on Thursday, November 30th. They set a neutral rating and a $105.00 target price on the stock. Susquehanna decreased their price objective on shares of Advanced Energy Industries from $110.00 to $95.00 and set a neutral rating for the company in a report on Wednesday, November 1st. Seaport Res Ptn restated a neutral rating on shares of Advanced Energy Industries in a report on Wednesday, December 6th. TheStreet raised Advanced Energy Industries from a c+ rating to a b- rating in a report on Thursday, December 21st. Finally, Raymond James cut their price objective on Advanced Energy Industries from $130.00 to $110.00 and set an outperform rating for the company in a report on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and an average price target of $115.14.

Check Out Our Latest Stock Analysis on AEIS

Advanced Energy Industries Stock Up 3.9 %

NASDAQ:AEIS opened at $104.77 on Wednesday. The firm has a 50-day simple moving average of $104.79 and a two-hundred day simple moving average of $103.61. The firm has a market cap of $3.91 billion, a P/E ratio of 30.81, a P/E/G ratio of 4.80 and a beta of 1.58. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $126.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.16 and a current ratio of 5.10.

Insider Activity at Advanced Energy Industries

In related news, Director Ronald C. Foster sold 618 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $105.00, for a total transaction of $64,890.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Ronald C. Foster sold 1,000 shares of Advanced Energy Industries stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the sale, the director now owns 618 shares in the company, valued at approximately $58,710. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald C. Foster sold 618 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $105.00, for a total value of $64,890.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,914 shares of company stock valued at $286,339. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Advanced Energy Industries

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Advanced Energy Industries by 0.7% during the 1st quarter. BlackRock Inc. now owns 5,649,921 shares of the electronics maker’s stock valued at $486,344,000 after purchasing an additional 40,829 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Advanced Energy Industries by 0.8% in the third quarter. Vanguard Group Inc. now owns 4,437,545 shares of the electronics maker’s stock valued at $457,600,000 after purchasing an additional 37,231 shares during the period. FMR LLC boosted its position in Advanced Energy Industries by 16.8% in the third quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock valued at $415,262,000 after buying an additional 577,765 shares during the last quarter. State Street Corp raised its position in Advanced Energy Industries by 0.5% during the 1st quarter. State Street Corp now owns 1,855,952 shares of the electronics maker’s stock worth $159,760,000 after buying an additional 8,883 shares during the last quarter. Finally, Earnest Partners LLC increased its stake in shares of Advanced Energy Industries by 0.5% in the third quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock worth $161,750,000 after acquiring an additional 7,701 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

About Advanced Energy Industries

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Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, and high voltage systems, as well as radio frequency (RF) power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.

Further Reading

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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