Analysts Set Advanced Energy Industries, Inc. (NASDAQ:AEIS) Price Target at $115.14

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have received a consensus rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $115.14.

Several equities analysts have recently commented on AEIS shares. TheStreet raised shares of Advanced Energy Industries from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Wells Fargo & Company cut their price objective on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th.

Advanced Energy Industries Trading Down 1.8 %

Shares of Advanced Energy Industries stock opened at $90.81 on Friday. The company’s fifty day simple moving average is $99.42 and its 200-day simple moving average is $99.50. Advanced Energy Industries has a 1-year low of $81.86 and a 1-year high of $126.38. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.10 and a quick ratio of 4.10. The stock has a market capitalization of $3.39 billion, a PE ratio of 26.71, a P/E/G ratio of 3.33 and a beta of 1.55.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.10. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. The firm had revenue of $405.27 million during the quarter, compared to analysts’ expectations of $407.66 million. As a group, equities analysts anticipate that Advanced Energy Industries will post 2.88 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Thursday, February 15th. Advanced Energy Industries’s payout ratio is 11.76%.

Hedge Funds Weigh In On Advanced Energy Industries

Large investors have recently bought and sold shares of the business. Peregrine Capital Management LLC acquired a new position in Advanced Energy Industries during the 4th quarter valued at about $7,856,000. Moody Aldrich Partners LLC grew its position in Advanced Energy Industries by 130.4% during the fourth quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock valued at $3,571,000 after buying an additional 18,561 shares during the period. III Capital Management acquired a new position in Advanced Energy Industries in the 3rd quarter worth about $897,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of Advanced Energy Industries by 4.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock worth $45,991,000 after buying an additional 17,290 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Advanced Energy Industries by 61.0% during the third quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker’s stock worth $24,021,000 after acquiring an additional 88,267 shares during the period. Institutional investors own 99.67% of the company’s stock.

About Advanced Energy Industries

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.