Stifel Nicolaus Initiates Coverage on Advanced Energy Industries (NASDAQ:AEIS)

Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report released on Thursday, Marketbeat reports. The firm issued a buy rating and a $135.00 price objective on the electronics maker’s stock.

AEIS has been the subject of a number of other reports. Wells Fargo & Company increased their price objective on Advanced Energy Industries from $97.00 to $103.00 and gave the stock an equal weight rating in a report on Wednesday, July 31st. Benchmark reaffirmed a buy rating and set a $117.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Susquehanna boosted their price objective on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a neutral rating in a research report on Wednesday, July 31st. TD Cowen raised their target price on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the company a hold rating in a research report on Wednesday, July 31st. Finally, Needham & Company LLC reissued a hold rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $113.25.

Advanced Energy Industries Stock Performance

Shares of AEIS opened at $108.20 on Thursday. The firm has a market cap of $4.05 billion, a P/E ratio of 39.78, a PEG ratio of 5.79 and a beta of 1.52. Advanced Energy Industries has a twelve month low of $81.86 and a twelve month high of $119.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.40 and a current ratio of 5.47. The firm’s 50 day moving average price is $107.74 and its two-hundred day moving average price is $103.32.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating the consensus estimate of $0.71 by $0.14. The business 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 6.00% and a return on equity of 10.43%. The firm’s revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 EPS. On average, analysts forecast that Advanced Energy Industries will post 2.32 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 26th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, August 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Advanced Energy Industries’s dividend payout ratio is presently 14.71%.

Hedge Funds Weigh In On Advanced Energy Industries

A number of institutional investors have recently bought and sold shares of the business. 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 lifted its holdings in Advanced Energy Industries by 78.2% during 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 holdings in Advanced Energy Industries by 52.3% during 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 boosted its position in Advanced Energy Industries by 157.6% during the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 383 shares during the period. Finally, Principal Securities Inc. acquired a new position in shares of Advanced Energy Industries in the fourth quarter valued at $87,000. Institutional investors and hedge funds 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.