Advanced Energy Industries (NASDAQ:AEIS) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research note released on Thursday morning, Benzinga reports.

Separately, Wells Fargo & Company reduced their target price on Advanced Energy Industries from $108.00 to $97.00 and set an equal weight rating on the stock in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Advanced Energy Industries presently has a consensus 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. The business has a 50 day moving average price of $97.79 and a 200 day moving average price of $99.14. The company has a market capitalization of $3.67 billion, a P/E ratio of 36.03, a P/E/G ratio of 3.43 and a beta of 1.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.10. Advanced Energy Industries has a 1 year low of $81.86 and a 1 year high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly 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). Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The company had revenue of $327.50 million during the quarter, compared to analyst estimates of $351.74 million. During the same period last year, the firm earned $1.10 earnings per share. The business’s revenue was down 22.9% compared to the same quarter last year. Sell-side analysts anticipate 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. Stockholders 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 dividend yield of 0.41%. The ex-dividend date is Thursday, May 23rd. Advanced Energy Industries’s payout ratio is currently 14.71%.

Institutional Investors Weigh In On Advanced Energy Industries

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Advanced Energy Industries by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,470,367 shares of the electronics maker’s stock valued at $486,912,000 after acquiring an additional 32,822 shares in the last quarter. FMR LLC lifted its stake in shares of 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 in the last quarter. Earnest Partners LLC boosted its position in shares of Advanced Energy Industries by 0.5% in the third quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock worth $161,750,000 after buying an additional 7,701 shares during the period. Victory Capital Management Inc. grew its stake in shares of Advanced Energy Industries by 6.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,167,892 shares of the electronics maker’s stock valued at $127,207,000 after buying an additional 75,351 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Advanced Energy Industries by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 923,960 shares of the electronics maker’s stock worth $100,641,000 after acquiring an additional 3,093 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

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.