Advanced Energy Industries, Inc. (AEIS) Given Average Recommendation of “Buy” by Brokerages

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been assigned a consensus rating of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $72.00.

Several equities analysts have recently weighed in on AEIS shares. BidaskClub cut Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, July 10th. Finally, Stifel Nicolaus initiated coverage on Advanced Energy Industries in a research report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 price target for the company.

Advanced Energy Industries (NASDAQ AEIS) opened at 84.11 on Wednesday. Advanced Energy Industries has a one year low of $45.47 and a one year high of $86.25. The firm’s 50 day moving average price is $76.00 and its 200-day moving average price is $73.13. The company has a market capitalization of $3.36 billion, a PE ratio of 21.37 and a beta of 1.38.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.15. The company had revenue of $165.95 million during the quarter, compared to analysts’ expectations of $155.72 million. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. Equities analysts forecast that Advanced Energy Industries will post $4.59 earnings per share for the current fiscal year.

In other news, CFO Thomas Liguori sold 16,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $73.64, for a total value of $1,178,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yuval Wasserman sold 11,744 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $75.09, for a total value of $881,856.96. Following the completion of the transaction, the chief executive officer now owns 127,396 shares of the company’s stock, valued at $9,566,165.64. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Advanced Energy Industries by 3.1% in the 2nd quarter. BlackRock Inc. now owns 5,127,265 shares of the electronics maker’s stock worth $331,682,000 after purchasing an additional 155,880 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Advanced Energy Industries by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 3,757,244 shares of the electronics maker’s stock valued at $257,596,000 after acquiring an additional 141,520 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Advanced Energy Industries by 1.5% in the 1st quarter. Bank of America Corp DE now owns 1,568,110 shares of the electronics maker’s stock valued at $107,510,000 after acquiring an additional 22,601 shares during the last quarter. State Street Corp lifted its stake in shares of Advanced Energy Industries by 4.1% in the 2nd quarter. State Street Corp now owns 1,019,290 shares of the electronics maker’s stock valued at $65,937,000 after acquiring an additional 40,286 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Advanced Energy Industries by 2.7% in the 2nd quarter. Northern Trust Corp now owns 897,325 shares of the electronics maker’s stock valued at $58,049,000 after acquiring an additional 24,006 shares during the last quarter. Hedge funds and other institutional investors own 92.20% of the company’s stock.

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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.

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