Susquehanna Cuts Advanced Energy Industries (NASDAQ:AEIS) Price Target to $90.00

Advanced Energy Industries (NASDAQ:AEIS) had its price target lowered by Susquehanna from $95.00 to $90.00 in a report released on Thursday, Benzinga reports. The firm currently has a neutral rating on the electronics maker’s stock.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company dropped their price target 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. Needham & Company LLC reissued a hold rating 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 assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $111.86.

Advanced Energy Industries Price Performance

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

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

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors 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 is Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is 14.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AEIS. Peregrine Capital Management LLC acquired a new position in shares of Advanced Energy Industries in the fourth quarter worth $7,856,000. Moody Aldrich Partners LLC raised its position in Advanced Energy Industries by 130.4% in the 4th quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock valued at $3,571,000 after purchasing an additional 18,561 shares in the last quarter. III Capital Management acquired a new position in shares of Advanced Energy Industries during the third quarter worth about $897,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of Advanced Energy Industries by 4.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock worth $45,991,000 after buying an additional 17,290 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Advanced Energy Industries by 61.0% in the third quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker’s stock valued at $24,021,000 after acquiring an additional 88,267 shares in the last quarter. 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.