Advanced Energy Industries’ (AEIS) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report report published on Wednesday,Benzinga reports.

Other analysts have also recently issued research reports about the company. Robert W. Baird reduced their price objective on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. TD Cowen reduced their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Susquehanna reduced their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Benchmark restated a “buy” rating and set a $125.00 target price on shares of Advanced Energy Industries in a report on Wednesday. Finally, Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Eight analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $113.75.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock opened at $115.19 on Wednesday. The stock has a market cap of $4.34 billion, a PE ratio of 101.04, a price-to-earnings-growth ratio of 6.60 and a beta of 1.48. The business has a fifty day simple moving average of $107.87 and a 200-day simple moving average of $106.80. 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 has a 12 month low of $89.11 and a 12 month high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 earnings per share. On average, sell-side analysts anticipate that Advanced Energy Industries will post 2.5 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries’s payout ratio is 35.09%.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now directly owns 5,092 shares of the company’s stock, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AEIS. Earnest Partners LLC boosted its holdings in shares of 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 boosted its holdings in shares of 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. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Advanced Energy Industries in the 3rd quarter worth approximately $12,306,000. Bank of New York Mellon Corp raised its position 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 purchasing an additional 102,659 shares during the last quarter. Finally, Vanguard Group Inc. raised its position 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 purchasing an additional 73,028 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

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.