Advanced Energy Industries (NASDAQ:AEIS) Cut to Sell at StockNews.com

StockNews.com lowered shares of Advanced Energy Industries (NASDAQ:AEIS) from a hold rating to a sell rating in a report issued on Thursday.

Several other brokerages have also recently commented on AEIS. Needham & Company LLC reiterated a hold rating on shares of Advanced Energy Industries in a research report on Thursday. Benchmark reaffirmed a buy rating and set a $117.00 target price on shares of Advanced Energy Industries in a report on Thursday. Susquehanna decreased their price target on shares of Advanced Energy Industries from $95.00 to $90.00 and set a neutral rating on the stock in a research note on Thursday. Finally, 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 research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $111.86.

Advanced Energy Industries Stock Up 2.5 %

Advanced Energy Industries stock opened at $97.99 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.10. The stock has a market capitalization of $3.67 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 3.35 and a beta of 1.54. The business has a 50 day simple moving average of $97.79 and a 200-day simple moving average of $99.13. Advanced Energy Industries has a 12 month low of $81.86 and a 12 month high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share (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 during the quarter, compared to analyst estimates of $351.74 million. During the same quarter last year, the business earned $1.10 EPS. The firm’s revenue for the quarter was down 22.9% compared to the same quarter last year. On average, analysts anticipate that Advanced Energy Industries will post 2.88 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Thursday, May 23rd. Advanced Energy Industries’s payout ratio is presently 14.71%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new position in shares of Advanced Energy Industries in the 1st quarter valued at $799,000. Central Pacific Bank Trust Division purchased a new stake in Advanced Energy Industries in the 1st quarter valued at about $114,000. FORA Capital LLC lifted its position in Advanced Energy Industries by 26.6% in the first quarter. FORA Capital LLC now owns 4,973 shares of the electronics maker’s stock valued at $507,000 after buying an additional 1,045 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in Advanced Energy Industries during the first quarter worth about $1,197,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Advanced Energy Industries by 37.5% during the first quarter. Janney Montgomery Scott LLC now owns 3,497 shares of the electronics maker’s stock valued at $357,000 after acquiring an additional 954 shares during the last quarter. 99.67% of the stock is currently 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.