Advanced Energy Industries (NASDAQ:AEIS) Stock Price Expected to Rise, Benchmark Analyst Says

Advanced Energy Industries (NASDAQ:AEIS) had its price objective raised by Benchmark from $130.00 to $150.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the electronics maker’s stock.

Other research analysts have also issued reports about the company. Needham & Company LLC lifted their price objective on Advanced Energy Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen lifted their target price on Advanced Energy Industries from $118.00 to $140.00 and gave the stock a “hold” rating in a report on Wednesday. KeyCorp boosted their price target on Advanced Energy Industries from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Advanced Energy Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 27th. Finally, Wells Fargo & Company lifted their price objective on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, June 27th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Energy Industries presently has an average rating of “Moderate Buy” and a consensus target price of $138.90.

Advanced Energy Industries Stock Up 0.2%

Advanced Energy Industries stock opened at $139.81 on Wednesday. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 63.26, a PEG ratio of 1.28 and a beta of 1.52. Advanced Energy Industries has a 52-week low of $75.01 and a 52-week high of $145.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.28 and a current ratio of 4.43. The firm has a 50 day moving average price of $133.40 and a two-hundred day moving average price of $116.57.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Tuesday, August 5th. The electronics maker reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.22. Advanced Energy Industries had a net margin of 5.13% and a return on equity of 12.53%. The company had revenue of $441.50 million during the quarter, compared to analysts’ expectations of $421.32 million. Advanced Energy Industries’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 earnings per share. Equities analysts predict that Advanced Energy Industries will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 25th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, August 25th. This represents a $0.40 annualized dividend and a yield of 0.3%. Advanced Energy Industries’s dividend payout ratio is presently 20.62%.

Insider Buying and Selling at Advanced Energy Industries

In related news, EVP John Donaghey sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total value of $280,000.00. Following the transaction, the executive vice president owned 11,029 shares of the company’s stock, valued at approximately $1,544,060. This trade represents a 15.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul R. Oldham sold 1,173 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $131.29, for a total value of $154,003.17. Following the sale, the executive vice president directly owned 31,006 shares of the company’s stock, valued at $4,070,777.74. This represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AEIS. Sequoia Financial Advisors LLC raised its position in Advanced Energy Industries by 9.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the electronics maker’s stock valued at $207,000 after buying an additional 187 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Advanced Energy Industries by 65.1% in the 1st quarter. GAMMA Investing LLC now owns 2,032 shares of the electronics maker’s stock worth $194,000 after acquiring an additional 801 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Advanced Energy Industries in the first quarter valued at about $914,000. Vontobel Holding Ltd. lifted its position in shares of Advanced Energy Industries by 13.9% during the first quarter. Vontobel Holding Ltd. now owns 6,372 shares of the electronics maker’s stock valued at $607,000 after purchasing an additional 780 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in Advanced Energy Industries by 6.7% during the first quarter. QRG Capital Management Inc. now owns 5,622 shares of the electronics maker’s stock worth $536,000 after purchasing an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

About Advanced Energy Industries

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.