Advanced Energy Industries, Inc. (NASDAQ:AEIS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $116.57.

Several equities analysts have weighed in on the stock. Susquehanna decreased their target price on shares of Advanced Energy Industries from $110.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. Benchmark restated a “buy” rating and issued a $135.00 price objective on shares of Advanced Energy Industries in a report on Friday, September 15th. TheStreet lowered shares of Advanced Energy Industries from a “b” rating to a “c+” rating in a report on Wednesday, November 1st. Citigroup upped their price objective on shares of Advanced Energy Industries from $114.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Raymond James decreased their price objective on shares of Advanced Energy Industries from $130.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, November 1st.

Advanced Energy Industries Stock Up 1.3 %

Shares of NASDAQ AEIS opened at $96.89 on Tuesday. Advanced Energy Industries has a 12-month low of $81.81 and a 12-month high of $126.38. The stock has a market cap of $3.61 billion, a PE ratio of 27.22 and a beta of 1.59. The company has a current ratio of 5.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average of $95.72 and a 200 day moving average of $103.60.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Tuesday, October 31st. The electronics maker reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.12. The company had revenue of $409.99 million for the quarter, compared to analyst estimates of $421.84 million. Advanced Energy Industries had a net margin of 7.73% and a return on equity of 16.41%. As a group, sell-side analysts predict that Advanced Energy Industries will post 4.18 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Friday, November 17th. Advanced Energy Industries’s dividend payout ratio is presently 11.24%.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Ronald C. Foster sold 1,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $103.26, for a total value of $103,260.00. Following the sale, the director now directly owns 2,618 shares of the company’s stock, valued at approximately $270,334.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Ronald C. Foster sold 2,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $118.48, for a total value of $236,960.00. Following the transaction, the director now directly owns 3,618 shares of the company’s stock, valued at approximately $428,660.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald C. Foster sold 1,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $103.26, for a total transaction of $103,260.00. Following the completion of the transaction, the director now directly owns 2,618 shares in the company, valued at $270,334.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,148 shares of company stock valued at $448,154. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of Advanced Energy Industries by 0.7% in the 1st quarter. BlackRock Inc. now owns 5,649,921 shares of the electronics maker’s stock valued at $486,344,000 after buying an additional 40,829 shares during the last quarter. Vanguard Group Inc. boosted its stake in Advanced Energy Industries by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,178,154 shares of the electronics maker’s stock worth $323,432,000 after purchasing an additional 30,881 shares during the period. FMR LLC boosted its stake in Advanced Energy Industries by 16.8% during the 3rd quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock worth $415,262,000 after purchasing an additional 577,765 shares during the period. State Street Corp boosted its stake in Advanced Energy Industries by 0.5% during the 1st quarter. State Street Corp now owns 1,855,952 shares of the electronics maker’s stock worth $159,760,000 after purchasing an additional 8,883 shares during the period. Finally, Earnest Partners LLC boosted its stake in Advanced Energy Industries by 0.5% during the 3rd quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock worth $161,750,000 after purchasing an additional 7,701 shares during the period. 99.67% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, and high voltage systems, as well as radio frequency (RF) power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.