Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives $108.86 Average Price Target from Analysts

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEISGet Free Report) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $108.86.

Several research analysts recently weighed in on AEIS shares. Benchmark restated a “buy” rating and set a $117.00 price target on shares of Advanced Energy Industries in a report on Thursday, May 2nd. StockNews.com cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. Citigroup boosted their target price on shares of Advanced Energy Industries from $107.00 to $113.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Susquehanna dropped their target price on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday, May 2nd.

Read Our Latest Research Report on AEIS

Advanced Energy Industries Stock Down 0.1 %

Advanced Energy Industries stock opened at $102.07 on Tuesday. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $126.38. The stock has a market cap of $3.82 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 4.02 and a beta of 1.54. The firm’s 50-day simple moving average is $97.91 and its 200 day simple moving average is $99.66. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.40 and a current ratio of 5.61.

Advanced Energy Industries (NASDAQ:AEISGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.09). Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The firm had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $351.74 million. During the same quarter last year, the firm posted $1.10 earnings per share. The firm’s revenue for the quarter was down 22.9% compared to the same quarter last year. Research analysts predict that Advanced Energy Industries will post 2.57 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 27th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

Institutional Trading of Advanced Energy Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Advanced Energy Industries by 0.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,751 shares of the electronics maker’s stock worth $1,727,000 after acquiring an additional 122 shares during the period. Quadrant Capital Group LLC increased its holdings in Advanced Energy Industries by 7.1% during the 4th quarter. Quadrant Capital Group LLC now owns 2,087 shares of the electronics maker’s stock worth $227,000 after acquiring an additional 138 shares during the period. Advisor Partners II LLC increased its holdings in Advanced Energy Industries by 7.9% during the 3rd quarter. Advisor Partners II LLC now owns 2,012 shares of the electronics maker’s stock worth $207,000 after acquiring an additional 148 shares during the period. Inspire Investing LLC increased its holdings in Advanced Energy Industries by 5.4% during the 3rd quarter. Inspire Investing LLC now owns 2,971 shares of the electronics maker’s stock worth $306,000 after acquiring an additional 153 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Advanced Energy Industries by 78.2% in the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after buying an additional 154 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

About Advanced Energy Industries

(Get Free Report

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.

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Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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