A number of other brokerages have also recently commented on AEIS. DA Davidson cut shares of Advanced Energy Industries from a buy rating to a neutral rating and reduced their target price for the company from $60.00 to $55.00 in a report on Monday, July 8th. Zacks Investment Research lowered Advanced Energy Industries from a hold rating to a strong sell rating in a report on Monday, May 13th. Susquehanna Bancshares upgraded Advanced Energy Industries from a neutral rating to a positive rating and boosted their price target for the company from $45.00 to $82.00 in a research report on Wednesday, May 15th. Finally, Cowen reaffirmed an outperform rating and set a $60.00 price objective (up from $58.00) on shares of Advanced Energy Industries in a research note on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $64.20.
Shares of AEIS opened at $56.35 on Friday. The company’s 50 day simple moving average is $52.30 and its 200-day simple moving average is $52.59. The firm has a market cap of $2.13 billion, a PE ratio of 13.45 and a beta of 1.52. Advanced Energy Industries has a 12-month low of $38.74 and a 12-month high of $60.76. The company has a current ratio of 5.83, a quick ratio of 4.87 and a debt-to-equity ratio of 0.07.
Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, August 5th. The electronics maker reported $0.45 EPS for the quarter, beating the consensus estimate of $0.30 by $0.15. Advanced Energy Industries had a net margin of 16.80% and a return on equity of 16.57%. The firm had revenue of $134.81 million during the quarter, compared to the consensus estimate of $135.78 million. During the same quarter in the prior year, the firm earned $1.25 EPS. Advanced Energy Industries’s revenue for the quarter was down 31.2% on a year-over-year basis. As a group, equities research analysts forecast that Advanced Energy Industries will post 1.54 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. FMR LLC raised its position in Advanced Energy Industries by 14.4% during the 1st quarter. FMR LLC now owns 2,162,889 shares of the electronics maker’s stock worth $107,453,000 after buying an additional 272,183 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Advanced Energy Industries by 1,133.6% during the second quarter. Victory Capital Management Inc. now owns 1,575,825 shares of the electronics maker’s stock worth $88,672,000 after purchasing an additional 1,448,080 shares in the last quarter. Earnest Partners LLC raised its holdings in Advanced Energy Industries by 2.1% during the second quarter. Earnest Partners LLC now owns 1,004,460 shares of the electronics maker’s stock worth $56,521,000 after purchasing an additional 20,772 shares in the last quarter. Northern Trust Corp lifted its position in Advanced Energy Industries by 0.3% in the second quarter. Northern Trust Corp now owns 873,836 shares of the electronics maker’s stock valued at $49,171,000 after purchasing an additional 2,243 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Advanced Energy Industries by 9.5% in the first quarter. Janus Henderson Group PLC now owns 866,199 shares of the electronics maker’s stock valued at $43,033,000 after purchasing an additional 75,329 shares during the period. Hedge funds and other institutional investors own 97.54% of the company’s stock.
About Advanced Energy Industries
Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.
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