Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $114.33.

AEIS has been the subject of a number of recent analyst reports. Citigroup cut shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a research note on Monday, July 15th. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Robert W. Baird assumed coverage on shares of Advanced Energy Industries in a research note on Friday, September 20th. They set an “outperform” rating and a $128.00 price objective for the company. Benchmark restated a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company decreased their price objective on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research note on Thursday.

Advanced Energy Industries Stock Up 1.2 %

AEIS stock opened at $102.94 on Friday. The firm has a 50 day moving average of $102.87 and a 200 day moving average of $103.41. The stock has a market capitalization of $3.85 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 5.12 and a beta of 1.49. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. Advanced Energy Industries has a 52 week low of $81.86 and a 52 week high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. The company had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. Advanced Energy Industries’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same period last year, the business earned $0.95 EPS. Sell-side analysts forecast that Advanced Energy Industries will post 2.47 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Monday, August 26th. Advanced Energy Industries’s dividend payout ratio (DPR) is 14.71%.

Hedge Funds Weigh In On Advanced Energy Industries

Several institutional investors have recently made changes to their positions in AEIS. Earnest Partners LLC increased its holdings in Advanced Energy Industries by 13.5% in the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after acquiring an additional 199,578 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Advanced Energy Industries by 22.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after acquiring an additional 118,328 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Advanced Energy Industries by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after acquiring an additional 102,659 shares in the last quarter. Vanguard Group Inc. increased its holdings in Advanced Energy Industries by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock worth $463,335,000 after acquiring an additional 73,028 shares in the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in Advanced Energy Industries in the 2nd quarter worth $6,873,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

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.