Advanced Energy Industries (NASDAQ:AEIS) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Advanced Energy Industries (NASDAQ:AEIS) from a hold rating to a sell rating in a report issued on Thursday morning.

A number of other equities analysts have also weighed in on the stock. Susquehanna cut their price objective on shares of Advanced Energy Industries from $95.00 to $90.00 and set a neutral rating for the company in a research report on Thursday. Needham & Company LLC restated a hold rating on shares of Advanced Energy Industries in a report on Thursday. Wells Fargo & Company dropped 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. Finally, Benchmark reissued a buy rating and issued a $117.00 price target on shares of Advanced Energy Industries in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Advanced Energy Industries has an average rating of Hold and an average price target of $111.86.

Advanced Energy Industries Trading Up 2.5 %

Shares of Advanced Energy Industries stock 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 business has a 50 day moving average price of $97.79 and a 200 day moving average price of $99.13. The company has a market capitalization of $3.67 billion, a P/E ratio of 36.03, a P/E/G ratio of 3.35 and a beta of 1.54.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.09). The company had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $351.74 million. Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The firm’s revenue was down 22.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 earnings per share. Sell-side analysts anticipate that Advanced Energy Industries will post 2.88 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, June 7th. Stockholders of record on Monday, May 27th will be issued a $0.10 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Advanced Energy Industries’s dividend payout ratio (DPR) is 14.71%.

Institutional Trading of Advanced Energy Industries

Institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Advanced Energy Industries by 0.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,751 shares of the electronics maker’s stock worth $1,727,000 after buying an additional 122 shares during the period. Quadrant Capital Group LLC increased its holdings in Advanced Energy Industries by 7.1% in the 4th quarter. Quadrant Capital Group LLC now owns 2,087 shares of the electronics maker’s stock valued at $227,000 after purchasing an additional 138 shares in the last quarter. Advisor Partners II LLC raised its position in Advanced Energy Industries by 7.9% in the third quarter. Advisor Partners II LLC now owns 2,012 shares of the electronics maker’s stock valued at $207,000 after purchasing an additional 148 shares during the period. Inspire Investing LLC lifted its stake in shares of Advanced Energy Industries by 5.4% during the third quarter. Inspire Investing LLC now owns 2,971 shares of the electronics maker’s stock worth $306,000 after purchasing an additional 153 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Advanced Energy Industries by 78.2% in the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

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.