Research Analysts’ Recent Ratings Changes for Advanced Energy Industries (AEIS)

Several analysts have recently updated their ratings and price targets for Advanced Energy Industries (NASDAQ: AEIS):

• 11/4/2024 – Advanced Energy Industries was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/1/2024 – Advanced Energy Industries had its price target lowered by analysts at Robert W. Baird from $128.00 to $124.00. They now have an “outperform” rating on the stock.
• 10/31/2024 – Advanced Energy Industries had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 10/31/2024 – Advanced Energy Industries had its price target lowered by analysts at TD Cowen from $120.00 to $118.00. They now have a “hold” rating on the stock.
• 10/11/2024 – Advanced Energy Industries had its price target lowered by analysts at Susquehanna from $103.00 to $92.00. They now have a “neutral” rating on the stock.
• 10/3/2024 – Advanced Energy Industries had its price target lowered by analysts at Wells Fargo & Company from $103.00 to $98.00. They now have an “equal weight” rating on the stock.
• 9/20/2024 – Advanced Energy Industries was upgraded by analysts at Baird R W to a “strong-buy” rating.
• 9/20/2024 – Advanced Energy Industries was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/20/2024 – Advanced Energy Industries is now covered by analysts at Robert W. Baird. They set an “outperform” rating and a $128.00 price target on the stock.
• 9/12/2024 – Advanced Energy Industries was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Advanced Energy Industries Stock Performance

AEIS traded up $7.60 on Wednesday, reaching $118.99. 362,616 shares of the stock were exchanged, compared to its average volume of 212,091. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The company’s 50-day moving average price is $104.11 and its 200 day moving average price is $105.29. The firm has a market capitalization of $4.48 billion, a PE ratio of 104.38, a PEG ratio of 6.46 and a beta of 1.48. Advanced Energy Industries, Inc. has a fifty-two week low of $85.26 and a fifty-two week high of $120.79.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. During the same period in the previous year, the business posted $1.12 EPS. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Energy Industries, Inc. will post 2.51 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.34%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s payout ratio is currently 35.09%.

Hedge Funds Weigh In On Advanced Energy Industries

A number of large investors have recently added to or reduced their stakes in the stock. Earnest Partners LLC boosted its holdings in shares of Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after purchasing an additional 199,578 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Advanced Energy Industries by 22.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after buying an additional 118,328 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Advanced Energy Industries by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after acquiring an additional 102,659 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Advanced Energy Industries by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock worth $463,335,000 after acquiring an additional 73,028 shares during the period. Finally, Great Lakes Advisors LLC acquired a new position in shares of Advanced Energy Industries during the 2nd quarter valued at about $6,873,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.