Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Rating) have received a consensus rating of "Moderate Buy" from the eleven ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $103.00.
Several research firms have recently weighed in on AEIS. StockNews.com raised Advanced Energy Industries from a "hold" rating to a "buy" rating in a report on Monday, July 18th. Raymond James upped their price objective on Advanced Energy Industries from $100.00 to $105.00 and gave the company an "outperform" rating in a research note on Thursday, August 4th. Stifel Nicolaus raised Advanced Energy Industries from a "hold" rating to a "buy" rating and upped their price objective for the company from $94.00 to $110.00 in a research note on Friday, August 5th. Needham & Company LLC upped their price objective on Advanced Energy Industries from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Thursday, August 4th. Finally, TheStreet raised Advanced Energy Industries from a "c+" rating to a "b-" rating in a research note on Friday, August 5th.
Get Advanced Energy Industries alerts:Insider Buying and Selling at Advanced Energy Industries
In other Advanced Energy Industries news, Director Tina Donikowski sold 1,813 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $94.27, for a total transaction of $170,911.51. Following the sale, the director now owns 7,955 shares in the company, valued at approximately $749,917.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by insiders.
Institutional Investors Weigh In On Advanced Energy Industries
Hedge funds have recently made changes to their positions in the business. Cim LLC purchased a new position in shares of Advanced Energy Industries in the 1st quarter worth $311,000. Nisa Investment Advisors LLC purchased a new position in shares of Advanced Energy Industries in the 1st quarter worth $448,000. Geode Capital Management LLC raised its position in shares of Advanced Energy Industries by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 652,023 shares of the electronics maker's stock worth $59,373,000 after buying an additional 2,968 shares during the period. Teton Advisors Inc. raised its position in shares of Advanced Energy Industries by 14.4% in the 4th quarter. Teton Advisors Inc. now owns 14,300 shares of the electronics maker's stock worth $1,302,000 after buying an additional 1,800 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in Advanced Energy Industries in the fourth quarter valued at about $105,000. Institutional investors and hedge funds own 98.94% of the company's stock.Advanced Energy Industries Trading Up 1.0 %
NASDAQ:AEIS opened at $85.77 on Thursday. The stock has a 50-day simple moving average of $87.67 and a 200-day simple moving average of $82.30. The stock has a market cap of $3.20 billion, a P/E ratio of 22.81 and a beta of 1.59. Advanced Energy Industries has a 1 year low of $67.55 and a 1 year high of $98.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.78 and a current ratio of 2.80.
Advanced Energy Industries (NASDAQ:AEIS – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The electronics maker reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.37. Advanced Energy Industries had a return on equity of 19.75% and a net margin of 9.00%. During the same quarter in the previous year, the company posted $1.18 earnings per share. As a group, analysts anticipate that Advanced Energy Industries will post 5.18 earnings per share for the current fiscal year.
Advanced Energy Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Monday, August 22nd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Friday, August 19th. Advanced Energy Industries's dividend payout ratio (DPR) is presently 10.64%.
Advanced Energy Industries Company Profile
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Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.
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