Analysts Set Advanced Energy Industries, Inc. (NASDAQ:AEIS) Target Price at $126.56

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $126.56.

Several equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price target on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Stifel Nicolaus increased their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company decreased their target price on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Robert W. Baird dropped their price target on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Monday, December 16th.

Insider Buying and Selling at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the transaction, the director now directly owns 3,492 shares of the company’s stock, valued at $451,760.04. This represents a 31.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the sale, the chief operating officer now owns 19,822 shares in the company, valued at approximately $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Summit Partners Public Asset Management LLC acquired a new stake in Advanced Energy Industries in the fourth quarter worth about $71,494,000. Norges Bank bought a new stake in shares of Advanced Energy Industries during the 4th quarter worth about $68,949,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of Advanced Energy Industries in the 4th quarter worth approximately $58,393,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Advanced Energy Industries by 21.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker’s stock valued at $89,565,000 after acquiring an additional 138,814 shares in the last quarter. Finally, Sora Investors LLC boosted its holdings in shares of Advanced Energy Industries by 193.6% in the fourth quarter. Sora Investors LLC now owns 132,114 shares of the electronics maker’s stock valued at $15,276,000 after acquiring an additional 87,114 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

Shares of AEIS opened at $94.80 on Friday. Advanced Energy Industries has a 52-week low of $89.12 and a 52-week high of $132.16. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 66.29, a PEG ratio of 1.39 and a beta of 1.43. The business’s 50 day moving average is $113.80 and its two-hundred day moving average is $112.51.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. Analysts forecast that Advanced Energy Industries will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. Advanced Energy Industries’s payout ratio is currently 27.97%.

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.