Stifel Nicolaus began coverage on shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in a report issued on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a hold rating and a $74.00 target price on the electronics maker’s stock.

A number of other equities research analysts have also recently commented on the company. BidaskClub cut Advanced Energy Industries from a buy rating to a hold rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Advanced Energy Industries from a hold rating to a buy rating and set a $75.00 target price on the stock in a research report on Monday, July 10th. Finally, ValuEngine upgraded Advanced Energy Industries from a hold rating to a buy rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $72.60.

Advanced Energy Industries (AEIS) opened at 70.54 on Wednesday. The stock’s 50 day moving average price is $71.66 and its 200-day moving average price is $70.17. Advanced Energy Industries has a 12 month low of $43.29 and a 12 month high of $86.25. The stock has a market cap of $2.82 billion, a PE ratio of 17.92 and a beta of 1.34.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.15. The company had revenue of $165.95 million for the quarter, compared to the consensus estimate of $155.72 million. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The firm’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period last year, the firm earned $0.73 EPS. Analysts anticipate that Advanced Energy Industries will post $4.59 EPS for the current fiscal year.

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In other news, CEO Yuval Wasserman sold 15,743 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $72.29, for a total transaction of $1,138,061.47. Following the sale, the chief executive officer now directly owns 122,006 shares in the company, valued at approximately $8,819,813.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas M. Rohrs sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $64.87, for a total value of $259,480.00. The disclosure for this sale can be found here. Insiders have sold a total of 43,024 shares of company stock worth $3,239,591 over the last 90 days. Insiders own 1.13% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of AEIS. Navellier & Associates Inc raised its position in shares of Advanced Energy Industries by 60.5% in the second quarter. Navellier & Associates Inc now owns 17,098 shares of the electronics maker’s stock worth $1,106,000 after buying an additional 6,442 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Advanced Energy Industries by 9.5% in the second quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock worth $140,000 after buying an additional 187 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of Advanced Energy Industries by 220.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 16,070 shares of the electronics maker’s stock worth $1,040,000 after buying an additional 11,059 shares in the last quarter. Koch Industries Inc. raised its position in shares of Advanced Energy Industries by 17,404.0% in the second quarter. Koch Industries Inc. now owns 633,120 shares of the electronics maker’s stock worth $623,000 after buying an additional 629,503 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Advanced Energy Industries during the second quarter worth $556,000. 93.30% 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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