Advanced Energy Industries (AEIS) Downgraded to “Sell” at BidaskClub

BidaskClub cut shares of Advanced Energy Industries (NASDAQ:AEIS) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Other equities research analysts have also issued reports about the stock. Needham & Company LLC boosted their target price on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the company a buy rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of Advanced Energy Industries from a hold rating to a buy rating and set a $93.00 target price for the company in a research note on Friday, November 3rd. ValuEngine lowered shares of Advanced Energy Industries from a buy rating to a hold rating in a research note on Thursday, November 30th. Finally, KeyCorp reiterated a hold rating on shares of Advanced Energy Industries in a research note on Sunday, October 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Advanced Energy Industries currently has a consensus rating of Hold and a consensus price target of $81.60.

Shares of Advanced Energy Industries (NASDAQ AEIS) traded down $1.33 on Friday, reaching $67.48. 410,302 shares of the company’s stock were exchanged, compared to its average volume of 378,963. The stock has a market cap of $2,728.82, a price-to-earnings ratio of 12.80, a PEG ratio of 1.35 and a beta of 1.29. Advanced Energy Industries has a 1-year low of $53.79 and a 1-year high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results 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 quarterly revenue was up 39.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. equities research analysts anticipate that Advanced Energy Industries will post 4.26 earnings per share for the current year.

In other news, CEO Yuval Wasserman sold 23,000 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $85.00, for a total value of $1,955,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas O. Mcgimpsey sold 5,190 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $85.06, for a total value of $441,461.40. The disclosure for this sale can be found here. Insiders sold a total of 52,859 shares of company stock valued at $4,409,311 over the last 90 days. 1.13% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of AEIS. Advisory Services Network LLC increased its stake in shares of Advanced Energy Industries by 9.5% in the 2nd 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 in the last quarter. D.A. Davidson & CO. increased its stake in shares of Advanced Energy Industries by 0.7% in the 2nd 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 in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Advanced Energy Industries by 55.4% in the 2nd 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Advanced Energy Industries by 57.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock worth $168,000 after purchasing an additional 756 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in shares of Advanced Energy Industries in the 2nd quarter worth $188,000. 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.

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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