KeyCorp Reiterates “Hold” Rating for Advanced Energy Industries, Inc. (AEIS)

KeyCorp restated their hold rating on shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in a report issued on Sunday morning.

Several other equities analysts have also recently weighed in on the company. Needham & Company LLC reaffirmed a buy rating on shares of Advanced Energy Industries in a report on Friday, October 13th. Zacks Investment Research cut Advanced Energy Industries from a strong-buy rating to a hold rating in a report on Tuesday, October 3rd. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a report on Wednesday, August 23rd. They issued 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 report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $72.60.

Shares of Advanced Energy Industries (NASDAQ AEIS) opened at 90.34 on Friday. The stock has a market cap of $3.61 billion, a PE ratio of 22.95 and a beta of 1.38. The firm has a 50-day moving average of $78.86 and a 200 day moving average of $73.98. Advanced Energy Industries has a 52 week low of $45.47 and a 52 week high of $90.54.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.15. The firm had revenue of $165.95 million during the quarter, compared to analysts’ expectations of $155.72 million. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The company’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 EPS. On average, equities analysts forecast that Advanced Energy Industries will post $4.60 EPS for the current fiscal year.

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In other news, CEO Yuval Wasserman sold 23,000 shares of Advanced Energy Industries stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $85.00, for a total value of $1,955,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Thomas Liguori sold 16,000 shares of Advanced Energy Industries stock in a transaction on Monday, September 11th. The shares were 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. In the last quarter, insiders sold 50,744 shares of company stock worth $4,015,097. Corporate insiders own 1.13% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Navellier & Associates Inc increased its stake in shares of Advanced Energy Industries by 60.5% in the 2nd quarter. Navellier & Associates Inc now owns 17,098 shares of the electronics maker’s stock valued at $1,106,000 after purchasing an additional 6,442 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Advanced Energy Industries by 9.5% in the 2nd quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock valued at $140,000 after purchasing an additional 187 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of Advanced Energy Industries by 220.7% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 16,070 shares of the electronics maker’s stock valued at $1,040,000 after purchasing an additional 11,059 shares during the last quarter. Koch Industries Inc. increased its stake in shares of Advanced Energy Industries by 17,404.0% in the 2nd quarter. Koch Industries Inc. now owns 633,120 shares of the electronics maker’s stock valued at $623,000 after purchasing an additional 629,503 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Advanced Energy Industries in the 2nd quarter valued at $556,000. Institutional investors own 92.20% of the company’s stock.

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.

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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