Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have received a consensus rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $70.40.

AEIS has been the subject of several research analyst reports. BidaskClub lowered Advanced Energy Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Stifel Nicolaus set a $74.00 price target on Advanced Energy Industries and gave the stock a “hold” rating in a research note on Tuesday, October 23rd. Zacks Investment Research lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. ValuEngine upgraded Advanced Energy Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 27th. Finally, TheStreet lowered Advanced Energy Industries from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th.

Hedge funds have recently bought and sold shares of the company. Schroder Investment Management Group acquired a new stake in shares of Advanced Energy Industries in the second quarter valued at about $110,000. HPM Partners LLC acquired a new stake in shares of Advanced Energy Industries in the second quarter valued at about $211,000. NumerixS Investment Technologies Inc grew its stake in shares of Advanced Energy Industries by 39.3% in the second quarter. NumerixS Investment Technologies Inc now owns 3,900 shares of the electronics maker’s stock valued at $226,000 after buying an additional 1,100 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Advanced Energy Industries in the third quarter valued at about $221,000. Finally, Trexquant Investment LP acquired a new stake in shares of Advanced Energy Industries in the third quarter valued at about $229,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

NASDAQ:AEIS traded up $0.40 on Friday, hitting $46.03. 247,900 shares of the stock were exchanged, compared to its average volume of 236,538. The firm has a market capitalization of $1.72 billion, a PE ratio of 10.88, a P/E/G ratio of 1.07 and a beta of 1.13. Advanced Energy Industries has a fifty-two week low of $38.74 and a fifty-two week high of $77.99.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Monday, October 29th. The electronics maker reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The company had revenue of $173.10 million during the quarter, compared to analyst estimates of $170.50 million. Advanced Energy Industries had a return on equity of 32.09% and a net margin of 13.18%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 earnings per share. As a group, research analysts predict that Advanced Energy Industries will post 4.19 EPS for the current year.

About Advanced Energy Industries

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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