Advanced Energy Industries (NASDAQ:AEIS) Price Target Raised to $103.00

Advanced Energy Industries (NASDAQ:AEIS) had its price target boosted by investment analysts at Wells Fargo & Company from $97.00 to $103.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the electronics maker’s stock. Wells Fargo & Company‘s target price would suggest a potential downside of 12.12% from the company’s current price.

Several other analysts have also recently issued reports on AEIS. Benchmark reiterated a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Susquehanna increased their target price on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a research note on Wednesday. TD Cowen increased their target price on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Wednesday. StockNews.com cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $110.14.

Advanced Energy Industries Stock Performance

Shares of AEIS stock traded up $8.83 during trading on Wednesday, reaching $117.21. 205,108 shares of the company’s stock traded hands, compared to its average volume of 202,912. The company has a market capitalization of $4.39 billion, a P/E ratio of 42.91, a PEG ratio of 5.39 and a beta of 1.52. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78. The firm’s 50-day moving average is $109.03 and its 200 day moving average is $103.54. 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 announced its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The company had revenue of $364.95 million for the quarter, compared to analysts’ expectations of $350.06 million. Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. Advanced Energy Industries’s revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. Equities research analysts expect that Advanced Energy Industries will post 2.33 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AEIS. Quantbot Technologies LP purchased a new position in Advanced Energy Industries in the first quarter worth about $1,003,000. Norges Bank purchased a new position in Advanced Energy Industries in the fourth quarter worth about $43,516,000. Peregrine Capital Management LLC purchased a new position in Advanced Energy Industries in the fourth quarter worth about $7,856,000. Moody Aldrich Partners LLC raised its holdings in Advanced Energy Industries by 130.4% in the fourth 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 last quarter. Finally, Seizert Capital Partners LLC raised its holdings in 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 buying an additional 11,846 shares during the last quarter. 99.67% of the stock is 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.