Benchmark Reaffirms “Buy” Rating for Advanced Energy Industries (NASDAQ:AEIS)

Benchmark reaffirmed their buy rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report report published on Thursday morning, Benzinga reports. Benchmark currently has a $117.00 price target on the electronics maker’s stock.

A number of other equities analysts have also recently commented on AEIS. Susquehanna lowered their price target on Advanced Energy Industries from $95.00 to $90.00 and set a neutral rating for the company in a report on Thursday. Wells Fargo & Company lowered their target price on shares of 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, Needham & Company LLC reiterated a hold rating on shares of Advanced Energy Industries in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $111.86.

Advanced Energy Industries Trading Up 2.5 %

Shares of AEIS stock opened at $97.99 on Thursday. The stock has a market cap of $3.67 billion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 3.35 and a beta of 1.54. Advanced Energy Industries has a 1 year low of $81.86 and a 1 year high of $126.38. The company has a current ratio of 5.61, a quick ratio of 4.10 and a debt-to-equity ratio of 0.78. The stock has a 50 day simple moving average of $97.79 and a 200 day simple moving average of $99.13.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). The company had revenue of $327.50 million for the quarter, compared to the consensus estimate of $351.74 million. Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The business’s revenue was down 22.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. On average, research analysts predict that Advanced Energy Industries will post 2.88 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio is currently 14.71%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Channing Capital Management LLC purchased a new stake in Advanced Energy Industries in the 4th quarter valued at $68,701,000. FMR LLC boosted its holdings in Advanced Energy Industries by 16.8% during the third 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 last quarter. Norges Bank bought a new stake in Advanced Energy Industries in the 4th quarter worth about $43,516,000. The Manufacturers Life Insurance Company increased its stake in Advanced Energy Industries by 1,005.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 346,271 shares of the electronics maker’s stock valued at $35,707,000 after buying an additional 314,941 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Advanced Energy Industries by 65.0% in the 4th quarter. New York State Common Retirement Fund now owns 372,623 shares of the electronics maker’s stock worth $40,586,000 after buying an additional 146,832 shares during the last quarter. 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.