Advanced Energy Industries (NASDAQ:AEIS) Rating Lowered to Sell at StockNews.com

Advanced Energy Industries (NASDAQ:AEIS) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company reduced their price objective on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Benchmark reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a research report on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday. Finally, Susquehanna reduced their price objective on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $111.86.

Advanced Energy Industries Trading Up 2.5 %

NASDAQ:AEIS opened at $97.99 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.10 and a quick ratio of 4.10. The firm has a 50-day moving average of $97.82 and a 200-day moving average of $99.13. The company has a market cap of $3.66 billion, a PE ratio of 36.03, a PEG ratio of 3.37 and a beta of 1.54. Advanced Energy Industries has a one year low of $81.86 and a one year high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, May 1st. The electronics maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09). The business had revenue of $327.50 million for the quarter, compared to the consensus estimate of $351.74 million. Advanced Energy Industries had a return on equity of 11.70% and a net margin of 6.58%. The company’s revenue was down 22.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 earnings per share. As a group, equities research analysts expect that Advanced Energy Industries will post 2.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AEIS. SG Americas Securities LLC bought a new position in shares of Advanced Energy Industries during the 3rd quarter valued at approximately $339,000. Exchange Traded Concepts LLC purchased a new stake in shares of Advanced Energy Industries during the 3rd quarter valued at approximately $48,000. Raymond James & Associates lifted its stake in shares of Advanced Energy Industries by 27.5% during the 3rd quarter. Raymond James & Associates now owns 19,388 shares of the electronics maker’s stock valued at $1,999,000 after buying an additional 4,177 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Advanced Energy Industries by 20.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,025 shares of the electronics maker’s stock valued at $724,000 after buying an additional 1,176 shares in the last quarter. Finally, Strs Ohio lifted its stake in shares of Advanced Energy Industries by 60.6% during the 3rd quarter. Strs Ohio now owns 5,300 shares of the electronics maker’s stock valued at $546,000 after buying an additional 2,000 shares in the last quarter. 99.67% of the stock is owned by 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.