Advanced Energy Industries (NASDAQ:AEIS) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a sell rating to a hold rating in a research note released on Wednesday morning.

Several other brokerages have also weighed in on AEIS. Citigroup lowered shares of Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 price objective for the company. in a report on Monday, July 15th. Susquehanna raised their price objective on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a neutral rating in a report on Wednesday. Wells Fargo & Company raised their price objective on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the stock an equal weight rating in a report on Wednesday. Benchmark reissued a buy rating and set a $117.00 price objective on shares of Advanced Energy Industries in a report on Wednesday. Finally, TD Cowen raised their price objective on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the stock a hold rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Advanced Energy Industries currently has a consensus rating of Hold and a consensus price target of $110.14.

Advanced Energy Industries Price Performance

AEIS opened at $101.64 on Wednesday. The company has a fifty day simple moving average of $109.02 and a 200 day simple moving average of $103.65. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 5.69 and a beta of 1.52. Advanced Energy Industries has a twelve month low of $81.86 and a twelve month high of $124.74. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.14. The company had revenue of $364.95 million during the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.51%. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. Equities research analysts expect that Advanced Energy Industries will post 2.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Rise Advisors LLC bought a new position in shares of Advanced Energy Industries in the 1st quarter worth about $25,000. Parallel Advisors LLC lifted its position in Advanced Energy Industries by 78.2% in the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 154 shares during the last quarter. Signaturefd LLC lifted its position in Advanced Energy Industries by 52.3% in the 4th quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock valued at $66,000 after purchasing an additional 209 shares during the last quarter. GAMMA Investing LLC lifted its position in Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 383 shares during the last quarter. Finally, Principal Securities Inc. bought a new stake in Advanced Energy Industries in the 4th quarter valued at about $87,000. 99.67% of the stock is currently owned by institutional investors.

About Advanced Energy Industries

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.