Advanced Energy Industries, Inc. (NASDAQ:AEIS) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $81.60.
Several brokerages recently commented on AEIS. BidaskClub cut Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine cut Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Needham & Company LLC reissued a “buy” rating on shares of Advanced Energy Industries in a research note on Friday, October 13th. KeyCorp reissued a “hold” rating on shares of Advanced Energy Industries in a research note on Sunday, October 15th. Finally, Zacks Investment Research cut Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd.
In other Advanced Energy Industries news, CEO Yuval Wasserman sold 10,669 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $90.00, for a total transaction of $960,210.00. Following the completion of the sale, the chief executive officer now owns 130,259 shares of the company’s stock, valued at $11,723,310. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas Liguori sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $73.64, for a total value of $1,178,240.00. The disclosure for this sale can be found here. Insiders have sold 61,413 shares of company stock valued at $4,975,307 in the last ninety days. Company insiders own 1.13% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC boosted its position in Advanced Energy Industries by 9.5% during the second quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock worth $140,000 after purchasing an additional 187 shares during the period. Meeder Asset Management Inc. boosted its position in Advanced Energy Industries by 12.5% during the second quarter. Meeder Asset Management Inc. now owns 2,191 shares of the electronics maker’s stock worth $141,000 after purchasing an additional 244 shares during the period. D.A. Davidson & CO. boosted its position in Advanced Energy Industries by 0.7% during the second quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock worth $142,000 after purchasing an additional 16 shares during the period. Riverhead Capital Management LLC boosted its position in Advanced Energy Industries by 55.4% during the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock worth $151,000 after purchasing an additional 831 shares during the period. Finally, Pacad Investment Ltd. bought a new stake in Advanced Energy Industries during the second quarter worth approximately $188,000. 91.90% of the stock is owned by hedge funds and other institutional investors.
Advanced Energy Industries (AEIS) opened at $83.20 on Friday. The company has a market cap of $3,299.46, a price-to-earnings ratio of 20.19, a PEG ratio of 1.34 and a beta of 1.36.
Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.02. Advanced Energy Industries had a return on equity of 35.56% and a net margin of 33.76%. The company had revenue of $176.60 million for the quarter, compared to analysts’ expectations of $165.77 million. During the same quarter in the previous year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. research analysts forecast that Advanced Energy Industries will post 4.24 EPS for the current year.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.
What are top analysts saying about Advanced Energy Industries Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Advanced Energy Industries Inc. and related companies.