Advanced Energy Industries (NASDAQ:AEIS) PT Raised to $113.00 at Citigroup

Advanced Energy Industries (NASDAQ:AEIS) had its price target hoisted by Citigroup from $107.00 to $113.00 in a report released on Monday, Marketbeat.com reports. The firm currently has a buy rating on the electronics maker’s stock.

A number of other brokerages also recently issued reports on AEIS. Needham & Company LLC restated a hold rating on shares of Advanced Energy Industries in a report on Thursday, May 2nd. Wells Fargo & Company cut their price target on shares of Advanced Energy Industries from $108.00 to $97.00 and set an equal weight rating for the company in a report on Wednesday, February 7th. Benchmark restated a buy rating and set a $117.00 price target on shares of Advanced Energy Industries in a report on Thursday, May 2nd. Susquehanna cut their price target on shares of Advanced Energy Industries from $95.00 to $90.00 and set a neutral rating for the company in a report on Thursday, May 2nd. Finally, StockNews.com downgraded shares of Advanced Energy Industries from a hold rating to a sell rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $108.86.

Advanced Energy Industries Stock Up 0.1 %

AEIS stock opened at $101.57 on Monday. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 3.43 and a beta of 1.54. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78. Advanced Energy Industries has a 12 month low of $81.86 and a 12 month high of $126.38. The firm has a 50-day moving average of $97.94 and a two-hundred day moving average of $99.31.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). The business had revenue of $327.50 million during the quarter, compared to analyst estimates of $351.74 million. Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The firm’s revenue was down 22.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 EPS. As a group, analysts forecast that Advanced Energy Industries will post 2.88 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 27th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Advanced Energy Industries’s payout ratio is currently 14.71%.

Hedge Funds Weigh In On Advanced Energy Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEIS. Rise Advisors LLC purchased a new position in Advanced Energy Industries in the 1st quarter valued at approximately $25,000. Parallel Advisors LLC boosted its position in Advanced Energy Industries by 78.2% in the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after buying an additional 154 shares during the period. Signaturefd LLC boosted its position in Advanced Energy Industries by 52.3% in the 4th quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock valued at $66,000 after buying an additional 209 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Advanced Energy Industries in the 3rd quarter valued at approximately $85,000. Finally, Principal Securities Inc. purchased a new position in Advanced Energy Industries in the 4th quarter valued at approximately $87,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Company Profile

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.