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

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have received an average rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $108.86.

AEIS has been the topic of several research analyst reports. Susquehanna lowered their price target on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Benchmark reiterated a “buy” rating and set a $117.00 price target on shares of Advanced Energy Industries in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Tuesday. Citigroup lifted their price target on Advanced Energy Industries from $107.00 to $113.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC purchased a new position in shares of Advanced Energy Industries during the first quarter valued at $25,000. Parallel Advisors LLC grew its holdings in shares of Advanced Energy Industries by 78.2% during the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after buying an additional 154 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Advanced Energy Industries by 52.3% during the fourth quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock valued at $66,000 after buying an additional 209 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Advanced Energy Industries during the third quarter valued at $85,000. Finally, Principal Securities Inc. purchased a new position in shares of Advanced Energy Industries during the fourth quarter valued at $87,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Stock Up 1.0 %

Shares of Advanced Energy Industries stock opened at $108.76 on Wednesday. The business’s fifty day moving average price is $104.37 and its two-hundred day moving average price is $103.01. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.40. The company has a market capitalization of $4.07 billion, a P/E ratio of 39.99, a PEG ratio of 5.27 and a beta of 1.53. Advanced Energy Industries has a 1-year low of $81.86 and a 1-year high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last announced its 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 net margin of 6.58% and a return on equity of 11.65%. The business had revenue of $327.50 million for the quarter, compared to the consensus estimate of $351.74 million. During the same period in the previous year, the firm earned $1.10 EPS. The firm’s revenue was down 22.9% on a year-over-year basis. As a group, research analysts forecast that Advanced Energy Industries will post 2.33 EPS for the current year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 27th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, May 23rd. Advanced Energy Industries’s payout ratio is 14.71%.

About Advanced Energy Industries

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.