Advanced Energy Industries (NASDAQ:AEIS) PT Lowered to $90.00 at Susquehanna

Advanced Energy Industries (NASDAQ:AEIS) had its price objective lowered by Susquehanna from $95.00 to $90.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the electronics maker’s stock.

A number of other research analysts also recently weighed in on AEIS. Wells Fargo & Company reduced their target price on Advanced Energy Industries from $108.00 to $97.00 and set an equal weight rating on the stock in a report on Wednesday, February 7th. Needham & Company LLC reaffirmed a hold rating on shares of Advanced Energy Industries in a research note on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $111.86.

Advanced Energy Industries Stock Up 2.5 %

Shares of NASDAQ:AEIS opened at $97.99 on Thursday. Advanced Energy Industries has a 1 year low of $81.86 and a 1 year high of $126.38. 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’s 50-day moving average is $97.79 and its 200 day moving average is $99.14. The company has a market cap of $3.67 billion, a PE ratio of 36.03, a P/E/G ratio of 3.43 and a beta of 1.54.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, May 1st. The electronics maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09). Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The company had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $351.74 million. During the same period in the prior year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. Sell-side analysts anticipate that Advanced Energy Industries will post 2.88 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 27th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

Institutional Investors Weigh In On Advanced Energy Industries

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Advanced Energy Industries in the 3rd quarter worth about $339,000. Exchange Traded Concepts LLC bought a new stake in Advanced Energy Industries during the 3rd quarter valued at about $48,000. Raymond James & Associates raised its holdings in Advanced Energy Industries by 27.5% in the third quarter. Raymond James & Associates now owns 19,388 shares of the electronics maker’s stock worth $1,999,000 after buying an additional 4,177 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Advanced Energy Industries by 20.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,025 shares of the electronics maker’s stock worth $724,000 after buying an additional 1,176 shares in the last quarter. Finally, Strs Ohio grew its holdings in shares of Advanced Energy Industries by 60.6% during the third quarter. Strs Ohio now owns 5,300 shares of the electronics maker’s stock valued at $546,000 after buying an additional 2,000 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

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.