Advanced Energy Industries (NASDAQ:AEIS) Price Target Raised to $140.00 at Citigroup

Advanced Energy Industries (NASDAQ:AEIS) had its target price raised by equities researchers at Citigroup from $138.00 to $140.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the electronics maker’s stock. Citigroup’s price objective suggests a potential upside of 30.21% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $130.00 price objective (down previously from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st. StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Monday, April 28th. Needham & Company LLC dropped their price objective on Advanced Energy Industries from $145.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Robert W. Baird lifted their target price on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company dropped their price target on shares of 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. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.67.

Advanced Energy Industries Trading Down 2.3 %

Shares of AEIS stock opened at $107.52 on Monday. The company has a market capitalization of $4.05 billion, a PE ratio of 75.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. The business’s fifty day moving average is $98.23 and its 200 day moving average is $110.12. Advanced Energy Industries has a 52-week low of $75.01 and a 52-week high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.26. The firm had revenue of $404.60 million for the quarter, compared to analysts’ expectations of $392.36 million. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. The business’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the company posted $0.58 EPS. On average, equities research analysts anticipate that Advanced Energy Industries will post 3.66 EPS for the current fiscal year.

Insider Activity

In related news, Director Lanesha Minnix sold 1,600 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the sale, the director now owns 3,492 shares of the company’s stock, valued at $451,760.04. The trade was a 31.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction 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 trade represents a 49.34 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Advanced Energy Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Synovus Financial Corp raised its holdings in Advanced Energy Industries by 19.9% in the third quarter. Synovus Financial Corp now owns 6,669 shares of the electronics maker’s stock worth $702,000 after buying an additional 1,107 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Advanced Energy Industries by 12.4% during the third 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 in the last quarter. Versant Capital Management Inc raised its holdings in Advanced Energy Industries by 535.3% in the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 182 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Advanced Energy Industries by 30.1% in the 4th quarter. GAMMA Investing LLC now owns 1,231 shares of the electronics maker’s stock worth $142,000 after purchasing an additional 285 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Advanced Energy Industries by 22.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,065 shares of the electronics maker’s stock valued at $323,000 after purchasing an additional 569 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

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.