Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The firm presently has a $138.00 target price on the electronics maker’s stock, up from their prior target price of $110.00. Citigroup’s price objective would suggest a potential upside of 16.39% from the company’s current price.
A number of other equities analysts also recently commented on AEIS. TD Cowen lowered their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Bank of America raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Monday, December 16th. Wells Fargo & Company upped their price target on Advanced Energy Industries from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Finally, Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.38.
View Our Latest Report on AEIS
Advanced Energy Industries Trading Up 2.8 %
Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The business 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 business’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. Sell-side analysts anticipate that Advanced Energy Industries will post 2.52 earnings per share for the current fiscal year.
Insider Transactions at Advanced Energy Industries
In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries 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 sale, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.
Institutional Trading of Advanced Energy Industries
Several hedge funds have recently modified their holdings of the business. Earnest Partners LLC lifted its position in shares of Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after acquiring an additional 199,578 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Advanced Energy Industries by 22.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after buying an additional 118,328 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Advanced Energy Industries during the 3rd quarter worth $12,306,000. Great Lakes Advisors LLC purchased a new stake in shares of Advanced Energy Industries in the 2nd quarter worth about $6,873,000. Finally, Principal Financial Group Inc. grew its stake in Advanced Energy Industries by 12.4% in the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock valued at $50,920,000 after acquiring an additional 53,566 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.
Featured Articles
- Five stocks we like better than Advanced Energy Industries
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Hidden Gems: 3 Value Stocks to Watch for Strong 2025 Returns
- Why Invest in 5G? How to Invest in 5G Stocks
- 3 Must-Have Dividend Kings for 2025
- What Do S&P 500 Stocks Tell Investors About the Market?
- QTUM ETF: The Diversified Way to Ride Quantum Computing Trends
Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.