Advanced Energy Industries’ (AEIS) “Buy” Rating Reaffirmed at Needham & Company LLC

Advanced Energy Industries (NASDAQ:AEIS)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $145.00 price objective on the electronics maker’s stock. Needham & Company LLC’s price target would indicate a potential upside of 30.43% from the stock’s current price.

A number of other brokerages also recently commented on AEIS. Wells Fargo & Company lifted their target price on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. 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 report on Monday, December 16th. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. TD Cowen reduced their target price on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Finally, Benchmark reiterated a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.11.

Advanced Energy Industries Price Performance

NASDAQ:AEIS opened at $111.17 on Thursday. Advanced Energy Industries has a one year low of $89.11 and a one year high of $130.50. The stock has a market cap of $4.19 billion, a PE ratio of 97.52, a P/E/G ratio of 3.60 and a beta of 1.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The stock has a 50 day moving average price of $117.11 and a 200 day moving average price of $110.41.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. Equities research analysts expect that Advanced Energy Industries will post 2.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the sale, the director now owns 5,092 shares in the company, valued at $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company’s stock.

Institutional Trading of Advanced Energy Industries

Several hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its stake in shares of Advanced Energy Industries by 8.5% during the fourth quarter. Quadrant Capital Group LLC now owns 3,116 shares of the electronics maker’s stock worth $360,000 after purchasing an additional 245 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Advanced Energy Industries by 61.6% during the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker’s stock worth $41,000 after acquiring an additional 135 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Advanced Energy Industries by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 209,785 shares of the electronics maker’s stock valued at $24,257,000 after acquiring an additional 2,951 shares during the last quarter. Pictet Asset Management Holding SA raised its position in shares of Advanced Energy Industries by 12.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,597 shares of the electronics maker’s stock worth $647,000 after acquiring an additional 636 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Advanced Energy Industries during the 4th quarter worth approximately $153,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

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.