Advanced Energy Industries (NASDAQ:AEIS) Cut to Hold at Zacks Research

Advanced Energy Industries (NASDAQ:AEIS) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other analysts have also recently issued reports on AEIS. Susquehanna upped their target price on Advanced Energy Industries from $430.00 to $535.00 and gave the company a “positive” rating in a report on Tuesday. Citigroup upped their price objective on shares of Advanced Energy Industries from $385.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Needham & Company LLC lifted their target price on shares of Advanced Energy Industries from $330.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Wells Fargo & Company upgraded shares of Advanced Energy Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $345.00 to $465.00 in a report on Wednesday. Finally, Wall Street Zen raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Advanced Energy Industries has a consensus rating of “Moderate Buy” and a consensus price target of $400.45.

Advanced Energy Industries Trading Down 4.4%

Shares of NASDAQ AEIS opened at $356.35 on Tuesday. The stock has a market cap of $13.55 billion, a PE ratio of 75.02, a P/E/G ratio of 1.60 and a beta of 1.25. Advanced Energy Industries has a 12-month low of $128.40 and a 12-month high of $397.44. The company has a 50-day moving average of $344.69 and a 200 day moving average of $308.13.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Monday, May 4th. The electronics maker reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.12. Advanced Energy Industries had a return on equity of 17.99% and a net margin of 10.00%.The business had revenue of $511.00 million for the quarter, compared to analysts’ expectations of $505.81 million. During the same period in the previous year, the firm posted $1.23 EPS. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. Advanced Energy Industries has set its Q2 2026 guidance at 1.930-2.430 EPS. On average, sell-side analysts forecast that Advanced Energy Industries will post 7.72 EPS for the current fiscal year.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, EVP Elizabeth Karpinski Vonne sold 966 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $369.40, for a total transaction of $356,840.40. Following the sale, the executive vice president directly owned 11,616 shares in the company, valued at $4,290,950.40. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advanced Energy Industries

Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in Advanced Energy Industries during the 4th quarter worth $123,403,000. Analog Century Management LP purchased a new position in shares of Advanced Energy Industries in the 3rd quarter valued at about $79,507,000. Fuller & Thaler Asset Management Inc. grew its position in shares of Advanced Energy Industries by 1,734.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 427,674 shares of the electronics maker’s stock worth $89,542,000 after buying an additional 404,356 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Advanced Energy Industries during the third quarter worth approximately $50,173,000. Finally, GW&K Investment Management LLC raised its holdings in Advanced Energy Industries by 51.5% in the third quarter. GW&K Investment Management LLC now owns 699,780 shares of the electronics maker’s stock valued at $119,062,000 after acquiring an additional 237,895 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

About Advanced Energy Industries

Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.

Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.