Advanced Energy Industries (NASDAQ:AEIS) Rating Reiterated by Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research note published on Tuesday morning, Benzinga reports.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company reduced their price target on shares of 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. Benchmark restated a buy rating and issued a $117.00 price target on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Susquehanna dropped their price objective 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. StockNews.com lowered shares of Advanced Energy Industries from a hold rating to a sell rating in a report on Thursday, May 2nd. Finally, Citigroup raised their price objective on shares of Advanced Energy Industries from $107.00 to $113.00 and gave the company a buy rating in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $108.86.

Advanced Energy Industries Trading Up 1.3 %

Shares of Advanced Energy Industries stock opened at $109.46 on Tuesday. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 4.84 and a beta of 1.54. The company has a quick ratio of 4.40, a current ratio of 5.61 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’s 50-day moving average price is $99.14 and its two-hundred day moving average price is $100.70.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The company had revenue of $327.50 million during the quarter, compared to analyst estimates of $351.74 million. During the same quarter in the previous year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. On average, analysts forecast that Advanced Energy Industries will post 2.57 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.40 annualized dividend and a yield of 0.37%. Advanced Energy Industries’s payout ratio is 14.71%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Advanced Energy Industries during the 1st quarter worth approximately $25,000. Parallel Advisors LLC increased its stake in shares of 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 acquiring an additional 154 shares in the last quarter. Signaturefd LLC increased its stake in shares of 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 acquiring an additional 209 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Advanced Energy Industries in the 3rd quarter valued at $85,000. Finally, Principal Securities Inc. bought a new stake in shares of Advanced Energy Industries in the 4th quarter valued at $87,000. 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.