Advanced Energy Industries, Inc. (NASDAQ:AEIS) Given Average Recommendation of “Hold” by Brokerages

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $108.86.

Several research analysts have commented on the stock. Susquehanna dropped 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 report on Thursday, May 2nd. Wells Fargo & Company dropped 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 report on Wednesday, February 7th. Citigroup increased their price target on shares of Advanced Energy Industries from $107.00 to $113.00 and gave the company a “buy” rating in a report on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a report on Thursday, May 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a report on Thursday, May 2nd.

Advanced Energy Industries Trading Up 2.2 %

Shares of AEIS stock opened at $100.12 on Tuesday. Advanced Energy Industries has a 52-week low of $81.86 and a 52-week high of $126.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.40 and a current ratio of 5.61. The firm has a market capitalization of $3.75 billion, a PE ratio of 36.81, a PEG ratio of 3.43 and a beta of 1.54. The stock has a fifty day simple moving average of $97.79 and a two-hundred day simple moving average of $99.17.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The company had revenue of $327.50 million for the quarter, compared to the consensus estimate of $351.74 million. During the same period last year, the company earned $1.10 EPS. The firm’s revenue for the quarter was down 22.9% on a year-over-year basis. On average, analysts predict that Advanced Energy Industries will post 2.88 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 27th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

Hedge Funds Weigh In On Advanced Energy Industries

A number of institutional investors have recently modified their holdings of AEIS. Channing Capital Management LLC purchased a new position in Advanced Energy Industries during the fourth quarter valued at approximately $68,701,000. FMR LLC increased its holdings in Advanced Energy Industries by 16.8% in the third quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock valued at $415,262,000 after buying an additional 577,765 shares in the last quarter. Norges Bank purchased a new stake in shares of Advanced Energy Industries during the fourth quarter worth about $43,516,000. The Manufacturers Life Insurance Company increased its stake in shares of Advanced Energy Industries by 1,005.2% during the third quarter. The Manufacturers Life Insurance Company now owns 346,271 shares of the electronics maker’s stock worth $35,707,000 after purchasing an additional 314,941 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Advanced Energy Industries by 65.0% during the fourth quarter. New York State Common Retirement Fund now owns 372,623 shares of the electronics maker’s stock worth $40,586,000 after purchasing an additional 146,832 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other 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.