Wells Fargo & Company Has Lowered Expectations for Advanced Energy Industries (NASDAQ:AEIS) Stock Price

Advanced Energy Industries (NASDAQ:AEIS) had its target price lowered by equities researchers at Wells Fargo & Company from $115.00 to $110.00 in a report released on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the electronics maker’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 5.43% from the stock’s current price.

A number of other analysts also recently commented on AEIS. Bank of America raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Monday, December 16th. TD Cowen reduced their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus lifted their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $145.00 price target on shares of Advanced Energy Industries in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Energy Industries has a consensus rating of “Moderate Buy” and a consensus target price of $126.56.

Advanced Energy Industries Stock Up 4.6 %

AEIS traded up $5.15 during trading on Thursday, hitting $116.32. 74,787 shares of the company’s stock were exchanged, compared to its average volume of 247,902. Advanced Energy Industries has a fifty-two week low of $89.11 and a fifty-two week high of $130.50. The stock has a market cap of $4.38 billion, a P/E ratio of 102.36, a PEG ratio of 3.60 and a beta of 1.45. The business’s 50 day moving average is $117.11 and its two-hundred day moving average is $110.41. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. As a group, equities analysts expect that Advanced Energy Industries will post 2.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Trading of Advanced Energy Industries

Large investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in shares of Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 182 shares in the last quarter. Huntington National Bank lifted its stake in shares of Advanced Energy Industries by 200.0% in the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 208 shares during the period. Quantbot Technologies LP purchased a new stake in Advanced Energy Industries in the third quarter worth $41,000. Russell Investments Group Ltd. raised its holdings in Advanced Energy Industries by 61.6% in the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker’s stock worth $41,000 after purchasing an additional 135 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Advanced Energy Industries by 68.4% during the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after buying an additional 186 shares during the period. 99.67% of the stock is owned by 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.