Advanced Energy Industries (AEIS) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

A number of other equities analysts have also weighed in on AEIS. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research report on Wednesday, August 23rd. They issued a hold rating and a $74.00 price objective for the company. Zacks Investment Research lowered shares of Advanced Energy Industries from a strong-buy rating to a hold rating in a research report on Tuesday, October 3rd. Needham & Company LLC reissued a buy rating on shares of Advanced Energy Industries in a research report on Friday, October 13th. KeyCorp reissued a hold rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Finally, ValuEngine lowered shares of Advanced Energy Industries from a buy rating to a hold rating in a research report on Thursday, November 30th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Advanced Energy Industries has a consensus rating of Hold and an average target price of $81.60.

Advanced Energy Industries (AEIS) opened at $70.28 on Wednesday. The stock has a market cap of $2,795.84, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. Advanced Energy Industries has a 52-week low of $53.79 and a 52-week high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, October 30th. The electronics maker reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. The business had revenue of $176.60 million during the quarter, compared to analyst estimates of $165.77 million. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. The company’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share. research analysts forecast that Advanced Energy Industries will post 4.26 earnings per share for the current fiscal year.

In related news, Director Grant H. Beard sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $71.86, for a total value of $718,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederick Ball sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.51, for a total transaction of $334,040.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,859 shares of company stock valued at $4,409,311. 1.13% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Koch Industries Inc. grew its stake in Advanced Energy Industries by 17,404.0% during the second quarter. Koch Industries Inc. now owns 633,120 shares of the electronics maker’s stock worth $623,000 after buying an additional 629,503 shares during the period. Victory Capital Management Inc. grew its stake in Advanced Energy Industries by 204.6% during the third quarter. Victory Capital Management Inc. now owns 775,433 shares of the electronics maker’s stock worth $62,623,000 after buying an additional 520,884 shares during the period. AJO LP grew its stake in Advanced Energy Industries by 883.6% during the second quarter. AJO LP now owns 284,774 shares of the electronics maker’s stock worth $18,422,000 after buying an additional 255,821 shares during the period. Cortina Asset Management LLC purchased a new stake in Advanced Energy Industries during the third quarter worth approximately $18,683,000. Finally, BlackRock Inc. grew its stake in Advanced Energy Industries by 3.1% during the second quarter. BlackRock Inc. now owns 5,127,265 shares of the electronics maker’s stock worth $331,682,000 after buying an additional 155,880 shares during the period. Hedge funds and other institutional investors own 94.29% of the company’s stock.

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About Advanced Energy Industries

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.

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