Brokerages Set Advanced Energy Industries, Inc. (NASDAQ:AEIS) PT at $115.14

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $115.14.

AEIS has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price on 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. TheStreet raised Advanced Energy Industries from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st.

Advanced Energy Industries Trading Down 3.2 %

Shares of AEIS stock opened at $96.52 on Friday. The stock’s fifty day moving average is $100.22 and its two-hundred day moving average is $99.72. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10. The firm has a market capitalization of $3.60 billion, a P/E ratio of 28.39, a PEG ratio of 3.38 and a beta of 1.55. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.10. The company had revenue of $405.27 million for the quarter, compared to analyst estimates of $407.66 million. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. Research analysts expect that Advanced Energy Industries will post 2.88 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, February 15th. Advanced Energy Industries’s payout ratio is 11.76%.

Institutional Trading of Advanced Energy Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Rise Advisors LLC acquired a new position in Advanced Energy Industries in the 1st quarter valued at about $25,000. Point72 Middle East FZE acquired a new position in Advanced Energy Industries in the 4th quarter valued at about $29,000. Parallel Advisors LLC grew its position in Advanced Energy Industries by 78.2% in the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 154 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Advanced Energy Industries in the 3rd quarter valued at about $48,000. Finally, Tower Research Capital LLC TRC grew its position in Advanced Energy Industries by 193.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 499 shares of the electronics maker’s stock valued at $49,000 after acquiring an additional 329 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

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.