Advanced Energy Industries (NASDAQ:AEIS) Price Target Increased to $103.00 by Analysts at Susquehanna

Advanced Energy Industries (NASDAQ:AEIS) had its target price hoisted by Susquehanna from $90.00 to $103.00 in a research note issued to investors on Wednesday, Benzinga reports. Susquehanna currently has a neutral rating on the electronics maker’s stock.

AEIS has been the topic of a number of other research reports. Benchmark reiterated a buy rating and set a $117.00 price target on shares of Advanced Energy Industries in a research report on Thursday, May 2nd. TD Cowen increased their price target on Advanced Energy Industries from $100.00 to $120.00 and gave the stock a hold rating in a research report on Wednesday. StockNews.com downgraded Advanced Energy Industries from a hold rating to a sell rating in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a hold rating on shares of Advanced Energy Industries in a research report on Wednesday. Finally, Citigroup downgraded Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 price target on the stock. in a research report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $110.14.

Advanced Energy Industries Stock Down 5.6 %

Advanced Energy Industries stock opened at $101.64 on Wednesday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 5.79 and a beta of 1.52. Advanced Energy Industries has a 52 week low of $81.86 and a 52 week high of $124.74. The business’s 50-day moving average price is $109.02 and its 200 day moving average price is $103.66. The company has a quick ratio of 4.40, a current ratio of 5.47 and a debt-to-equity ratio of 0.76.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, topping the consensus estimate of $0.71 by $0.14. The firm had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. Advanced Energy Industries’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. As a group, sell-side analysts anticipate that Advanced Energy Industries will post 2.32 earnings per share for the current year.

Hedge Funds Weigh In On Advanced Energy Industries

Several hedge funds and other institutional investors have recently made changes to their positions in AEIS. Rise Advisors LLC acquired a new stake in shares of Advanced Energy Industries in the first quarter valued at approximately $25,000. Parallel Advisors LLC increased its holdings in shares of Advanced Energy Industries by 78.2% in the fourth 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 increased its holdings in shares of Advanced Energy Industries by 52.3% in the fourth 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 increased its holdings in shares of Advanced Energy Industries by 157.6% in the second 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. acquired a new stake in shares of Advanced Energy Industries in the fourth quarter valued at approximately $87,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

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.