Advanced Energy Industries (NASDAQ:AEIS) Earns Hold Rating from Needham & Company LLC

Advanced Energy Industries (NASDAQ:AEIS)‘s stock had its “hold” rating reissued by Needham & Company LLC in a research report issued to clients and investors on Thursday, Benzinga reports.

Separately, Wells Fargo & Company cut their price objective on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $115.14.

Advanced Energy Industries Stock Performance

Shares of AEIS stock opened at $96.08 on Thursday. Advanced Energy Industries has a one year low of $81.86 and a one year high of $126.38. The stock has a market cap of $3.59 billion, a P/E ratio of 28.26, a P/E/G ratio of 3.36 and a beta of 1.54. The company has a fifty day moving average price of $97.96 and a two-hundred day moving average price of $99.17. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.10 and a quick ratio of 4.10.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Tuesday, February 6th. The electronics maker reported $1.07 EPS for the quarter, beating the consensus estimate of $0.97 by $0.10. The business had revenue of $405.27 million for the quarter, compared to the consensus estimate of $407.66 million. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. As a group, equities analysts predict that Advanced Energy Industries will post 2.88 EPS for the current year.

Hedge Funds Weigh In On Advanced Energy Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Peregrine Capital Management LLC purchased a new stake in Advanced Energy Industries during the fourth quarter worth about $7,856,000. Moody Aldrich Partners LLC raised its holdings in shares of Advanced Energy Industries by 130.4% in the 4th quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock worth $3,571,000 after purchasing an additional 18,561 shares during the period. III Capital Management purchased a new position in Advanced Energy Industries in the third quarter valued at approximately $897,000. Vaughan Nelson Investment Management L.P. grew its holdings in Advanced Energy Industries by 4.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock valued at $45,991,000 after purchasing an additional 17,290 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Advanced Energy Industries by 61.0% in the third quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker’s stock worth $24,021,000 after buying an additional 88,267 shares during the last quarter. Hedge funds and other 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.