Advanced Energy Industries Inc. (NASDAQ:AEIS) has been assigned an average recommendation of “Buy” from the nine ratings firms that are covering the firm. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $48.00.

A number of brokerages recently issued reports on AEIS. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research note on Thursday, August 4th. TheStreet upgraded Advanced Energy Industries from a “sell” rating to a “strong-buy” rating in a report on Monday, October 31st. Dougherty & Co raised their price objective on Advanced Energy Industries from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, Citigroup Inc. began coverage on Advanced Energy Industries in a report on Wednesday, October 12th. They set a “neutral” rating and a $50.00 price objective on the stock.

In other news, Director Thomas M. Rohrs sold 4,000 shares of Advanced Energy Industries stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $47.82, for a total value of $191,280.00. The sale was disclosed in a filing with the SEC, which is available through this link. 1.33% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AEIS. Arizona State Retirement System increased its position in shares of Advanced Energy Industries by 0.5% in the second quarter. Arizona State Retirement System now owns 20,537 shares of the company’s stock worth $780,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Advanced Energy Industries by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,780 shares of the company’s stock valued at $415,000 after buying an additional 140 shares during the period. Chesley Taft & Associates LLC increased its position in shares of Advanced Energy Industries by 0.6% in the third quarter. Chesley Taft & Associates LLC now owns 24,425 shares of the company’s stock valued at $1,156,000 after buying an additional 150 shares during the period. Commonwealth Equity Services Inc increased its position in shares of Advanced Energy Industries by 0.6% in the third quarter. Commonwealth Equity Services Inc now owns 25,835 shares of the company’s stock valued at $1,223,000 after buying an additional 158 shares during the period. Finally, Eqis Capital Management Inc. increased its position in shares of Advanced Energy Industries by 0.9% in the third quarter. Eqis Capital Management Inc. now owns 18,714 shares of the company’s stock valued at $886,000 after buying an additional 174 shares during the period. Institutional investors and hedge funds own 96.16% of the company’s stock.

Shares of Advanced Energy Industries (NASDAQ:AEIS) opened at 51.29 on Thursday. Advanced Energy Industries has a 12-month low of $24.25 and a 12-month high of $51.33. The company has a market capitalization of $2.04 billion, a P/E ratio of 17.38 and a beta of 0.96. The firm has a 50-day moving average price of $47.58 and a 200 day moving average price of $41.54.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Monday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. Advanced Energy Industries had a return on equity of 29.42% and a net margin of 27.44%. The firm earned $126.60 million during the quarter, compared to analyst estimates of $118.92 million. During the same period last year, the company earned $0.51 EPS. Advanced Energy Industries’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts predict that Advanced Energy Industries will post $2.84 earnings per share for the current year.

About Advanced Energy Industries

Advanced Energy Industries, Inc provides precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions, used in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

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