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

Needham & Company LLC reaffirmed their hold rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research note published on Tuesday, Benzinga reports.

A number of other research analysts have also recently commented on the company. Citigroup boosted their price target on Advanced Energy Industries from $107.00 to $113.00 and gave the stock a buy rating in a report on Monday, May 6th. StockNews.com cut Advanced Energy Industries from a hold rating to a sell rating in a report on Thursday, May 2nd. Benchmark reissued a buy rating and issued a $117.00 price target on shares of Advanced Energy Industries in a report on Thursday, May 2nd. Susquehanna decreased their price objective on Advanced Energy Industries from $95.00 to $90.00 and set a neutral rating on the stock in a report on Thursday, May 2nd. Finally, Wells Fargo & Company cut 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 report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $108.86.

Advanced Energy Industries Trading Up 1.3 %

Advanced Energy Industries stock opened at $109.46 on Tuesday. The business has a 50-day simple moving average of $99.14 and a two-hundred day simple moving average of $100.70. The company has a market cap of $4.10 billion, a P/E ratio of 40.24, a P/E/G ratio of 4.84 and a beta of 1.54. Advanced Energy Industries has a 52-week low of $81.86 and a 52-week high of $126.38. 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 posted its quarterly earnings data 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 net margin of 6.58% and a return on equity of 11.65%. The company had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $351.74 million. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was down 22.9% on a year-over-year basis. Analysts predict that Advanced Energy Industries will post 2.57 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.37%. 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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Peregrine Capital Management LLC bought a new position in Advanced Energy Industries in the 4th quarter valued at $7,856,000. Seizert Capital Partners LLC grew its holdings in shares of Advanced Energy Industries by 71.2% in the fourth quarter. Seizert Capital Partners LLC now owns 28,479 shares of the electronics maker’s stock worth $3,102,000 after purchasing an additional 11,846 shares during the last quarter. Moody Aldrich Partners LLC increased its stake 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 worth $3,571,000 after buying an additional 18,561 shares during the period. III Capital Management bought a new stake in Advanced Energy Industries during the 3rd quarter valued at about $897,000. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Advanced Energy Industries by 4.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock valued at $45,991,000 after buying an additional 17,290 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

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.