Advanced Energy Industries (NASDAQ:AEIS) Price Target Raised to $134.00

Advanced Energy Industries (NASDAQ:AEIS) had its price target boosted by Robert W. Baird from $124.00 to $134.00 in a research report released on Wednesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the electronics maker’s stock.

AEIS has been the subject of a number of other research reports. Wells Fargo & Company raised their price objective on shares of Advanced Energy Industries from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a research note on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective for the company. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Six research 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.43.

Advanced Energy Industries Stock Up 0.1 %

AEIS stock opened at $117.22 on Wednesday. The firm has a market cap of $4.42 billion, a PE ratio of 102.82, a P/E/G ratio of 6.92 and a beta of 1.47. Advanced Energy Industries has a 12 month low of $89.11 and a 12 month high of $120.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The firm has a 50 day simple moving average of $112.38 and a 200 day simple moving average of $107.98.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.12 EPS. Equities research analysts forecast that Advanced Energy Industries will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Monday, November 25th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 35.09%.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp grew its holdings in Advanced Energy Industries by 1.0% during the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock valued at $1,132,000 after purchasing an additional 102 shares during the last quarter. Azzad Asset Management Inc. ADV raised its holdings in Advanced Energy Industries by 1.7% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock worth $796,000 after acquiring an additional 124 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Advanced Energy Industries by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after acquiring an additional 130 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Advanced Energy Industries by 68.4% during the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 186 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Advanced Energy Industries by 2.0% in the second quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock valued at $1,136,000 after purchasing an additional 203 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Company Profile

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.