Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives $108.86 Consensus Price Target from Brokerages

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $108.86.

Several brokerages recently commented on AEIS. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday, May 2nd. Citigroup increased their target price on shares of Advanced Energy Industries from $107.00 to $113.00 and gave the company a “buy” rating in a research report on Monday. StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Susquehanna lowered their price objective on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research note on Thursday, May 2nd.

Institutional Investors Weigh In On Advanced Energy Industries

A number of institutional investors and hedge funds have recently made changes to their positions in AEIS. Vanguard Group Inc. increased its holdings in Advanced Energy Industries by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,470,367 shares of the electronics maker’s stock valued at $486,912,000 after purchasing an additional 32,822 shares during the last quarter. FMR LLC boosted its position 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 buying an additional 577,765 shares during the period. Earnest Partners LLC grew its stake 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 valued at $161,750,000 after buying an additional 7,701 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Advanced Energy Industries by 6.9% in the 4th 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 during the period. Finally, Dimensional Fund Advisors LP lifted its stake 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. 99.67% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Stock Performance

AEIS opened at $101.90 on Tuesday. The firm’s fifty day simple moving average is $97.95 and its two-hundred day simple moving average is $99.33. Advanced Energy Industries has a 52-week low of $81.86 and a 52-week high of $126.38. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 3.43 and a beta of 1.54. The company has a quick ratio of 4.40, a current ratio of 5.61 and a debt-to-equity ratio of 0.78.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $351.74 million. During the same quarter last year, the company earned $1.10 EPS. The firm’s revenue for the quarter was down 22.9% on a year-over-year basis. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date is Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

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.