Advanced Energy Industries (AEIS) Coverage Initiated by Analysts at DA Davidson

Equities research analysts at DA Davidson initiated coverage on shares of Advanced Energy Industries (NASDAQ:AEIS) in a report released on Wednesday. The brokerage set a “buy” rating and a $100.00 price target on the electronics maker’s stock. DA Davidson’s target price would suggest a potential upside of 46.48% from the company’s current price.

Several other brokerages have also weighed in on AEIS. ValuEngine lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Friday, November 3rd. BidaskClub lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Needham & Company LLC upped their target price on Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Advanced Energy Industries in a report on Sunday, October 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $84.67.

Shares of Advanced Energy Industries (NASDAQ AEIS) traded down $0.73 during trading on Wednesday, reaching $68.27. The company had a trading volume of 587,858 shares, compared to its average volume of 445,195. The company has a market capitalization of $2,710.00, a price-to-earnings ratio of 13.33, a P/E/G ratio of 1.34 and a beta of 1.30. Advanced Energy Industries has a 1 year low of $55.51 and a 1 year high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data 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. The firm had revenue of $176.60 million during the quarter, compared to analyst estimates of $165.77 million. Advanced Energy Industries had a return on equity of 35.56% and a net margin of 33.76%. Advanced Energy Industries’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. equities research analysts predict that Advanced Energy Industries will post 4.26 EPS for the current fiscal year.

In other 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 transaction, the chief executive officer now directly owns 130,259 shares of the company’s stock, valued at $11,723,310. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas O. Mcgimpsey sold 5,190 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were 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 have sold 52,859 shares of company stock valued at $4,409,311 over the last ninety days. Corporate insiders own 1.13% of the company’s stock.

Large investors have recently bought and sold shares of the company. D.A. Davidson & CO. grew its holdings in 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 buying an additional 16 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in Advanced Energy Industries by 2.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,487 shares of the electronics maker’s stock worth $225,000 after buying an additional 75 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Advanced Energy Industries by 2.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,263 shares of the electronics maker’s stock worth $340,000 after buying an additional 138 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Advanced Energy Industries by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,325 shares of the electronics maker’s stock worth $1,962,000 after buying an additional 174 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in 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 buying an additional 187 shares in the last quarter. 94.29% of the stock is owned by institutional investors.

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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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