Zacks Investment Research upgraded shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) from a hold rating to a buy rating in a research report report published on Friday, November 3rd. Zacks Investment Research currently has $93.00 price target on the electronics maker’s stock.
According to Zacks, “Advanced Energy is a global leader in the development and support of technologies critical to high-technology, high-growth manufacturing processes used in the production of semiconductors, flat panel displays, data storage products, solar cells, architectural glass, and other advanced product applications. Leveraging a diverse product portfolio and technology leadership, Advanced Energy creates solutions that maximize process impact, improve productivity and lower the cost of ownership for its customers. This portfolio includes a comprehensive line of technology solutions in power, flow, thermal management, and plasma and ion beam sources for original equipment manufacturers and end-users around the world. Advanced Energy operates in regional centers in North America, Asia and Europe and offers global sales and support through direct offices, representatives and distributors, “
A number of other research analysts have also recently weighed in on the company. Needham & Company LLC raised their price target on Advanced Energy Industries from $93.00 to $97.00 and gave the company a buy rating in a research report on Tuesday, October 31st. ValuEngine cut Advanced Energy Industries from a buy rating to a hold rating in a research report on Friday, October 27th. KeyCorp reiterated a hold rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Stifel Nicolaus started coverage on Advanced Energy Industries in a research report on Wednesday, August 23rd. They set a hold rating and a $74.00 price objective for the company. Finally, BidaskClub cut Advanced Energy Industries from a buy rating to a hold rating in a research report on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $81.60.
Shares of Advanced Energy Industries (NASDAQ AEIS) opened at $83.59 on Friday. Advanced Energy Industries has a fifty-two week low of $51.56 and a fifty-two week high of $95.00. The company has a market capitalization of $3,310.00, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.35 and a beta of 1.36.
Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, October 30th. The electronics maker reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Advanced Energy Industries had a return on equity of 35.56% and a net margin of 33.76%. The company had revenue of $176.60 million during the quarter, compared to the consensus estimate of $165.77 million. During the same quarter last year, the company earned $0.77 earnings per share. Advanced Energy Industries’s quarterly revenue was up 39.5% compared to the same quarter last year. research analysts anticipate that Advanced Energy Industries will post 4.24 earnings per share for the current fiscal year.
In related news, CEO Yuval Wasserman sold 11,744 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $75.09, for a total transaction of $881,856.96. Following the transaction, the chief executive officer now directly owns 127,396 shares of the company’s stock, valued at approximately $9,566,165.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas Liguori sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $73.64, for a total value of $1,178,240.00. The disclosure for this sale can be found here. Insiders sold a total of 70,603 shares of company stock valued at $5,750,808 in the last 90 days. 1.13% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its position in Advanced Energy Industries by 9.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock worth $140,000 after acquiring an additional 187 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Advanced Energy Industries by 12.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,191 shares of the electronics maker’s stock valued at $141,000 after purchasing an additional 244 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Advanced Energy Industries by 0.7% in the 2nd quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock valued at $142,000 after purchasing an additional 16 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Advanced Energy Industries by 55.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock valued at $151,000 after purchasing an additional 831 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Advanced Energy Industries by 57.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock valued at $168,000 after purchasing an additional 756 shares in the last quarter. 94.01% of the stock is currently owned by hedge funds and other institutional investors.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.
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