Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Free Report) has received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $113.44.
Several research analysts recently issued reports on the stock. Seaport Res Ptn reissued a “neutral” rating on shares of Advanced Energy Industries in a report on Wednesday, December 6th. Susquehanna dropped their target price on shares of Advanced Energy Industries from $110.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. StockNews.com began coverage on shares of Advanced Energy Industries in a report on Thursday, October 5th. They issued a “hold” rating for the company. TheStreet raised shares of Advanced Energy Industries from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Finally, Wells Fargo & Company assumed coverage on shares of Advanced Energy Industries in a report on Tuesday, November 21st. They issued an “equal weight” rating and a $100.00 target price for the company.
Insiders Place Their Bets
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AEIS. Point72 Middle East FZE purchased a new stake in Advanced Energy Industries in the 4th quarter worth approximately $29,000. Exchange Traded Concepts LLC acquired a new position in shares of Advanced Energy Industries during the 3rd quarter worth $48,000. Tower Research Capital LLC TRC increased its stake in shares of Advanced Energy Industries by 193.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 499 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 329 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Advanced Energy Industries during the 1st quarter worth $49,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Advanced Energy Industries during the 3rd quarter worth $85,000. 99.67% of the stock is currently owned by institutional investors.
Advanced Energy Industries Price Performance
Shares of AEIS opened at $107.30 on Friday. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $126.38. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 5.02 and a beta of 1.61. The firm has a 50-day simple moving average of $103.53 and a 200-day simple moving average of $104.21. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.16 and a current ratio of 5.32.
Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) last posted its quarterly earnings results on Tuesday, October 31st. The electronics maker reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.12. The firm had revenue of $409.99 million during the quarter, compared to analysts’ expectations of $421.84 million. Advanced Energy Industries had a net margin of 7.73% and a return on equity of 16.41%. On average, equities research analysts anticipate that Advanced Energy Industries will post 4.1 earnings per share for the current year.
Advanced Energy Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were issued a $0.10 dividend. The ex-dividend date was Friday, November 17th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Advanced Energy Industries’s dividend payout ratio is currently 11.24%.
About Advanced Energy Industries
Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, and high voltage systems, as well as radio frequency (RF) power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.
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