Advanced Energy Industries (NASDAQ:AEIS) Hits New 1-Year High – Here’s What Happened

Advanced Energy Industries, Inc. (NASDAQ:AEIS) reached a new 52-week high during trading on Wednesday . The company traded as high as $163.08 and last traded at $158.81, with a volume of 963926 shares changing hands. The stock had previously closed at $151.61.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AEIS shares. Wall Street Zen upgraded shares of Advanced Energy Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Wells Fargo & Company upped their target price on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, June 27th. Benchmark lifted their price target on Advanced Energy Industries from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Citigroup upped their price objective on Advanced Energy Industries from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, KeyCorp lifted their target price on Advanced Energy Industries from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Moderate Buy” and an average target price of $138.90.

Advanced Energy Industries Trading Up 4.7%

The stock has a market capitalization of $5.99 billion, a P/E ratio of 71.86, a PEG ratio of 1.23 and a beta of 1.52. The stock’s fifty day moving average price is $136.26 and its 200 day moving average price is $117.26. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.09 and a quick ratio of 2.97.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Tuesday, August 5th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.22. The company had revenue of $441.50 million during the quarter, compared to analysts’ expectations of $421.32 million. Advanced Energy Industries had a net margin of 5.13% and a return on equity of 12.38%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. Research analysts forecast that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 25th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, August 25th. Advanced Energy Industries’s dividend payout ratio is currently 18.10%.

Insider Buying and Selling at Advanced Energy Industries

In other news, EVP John Donaghey sold 2,000 shares of the firm’s stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $140.00, for a total transaction of $280,000.00. Following the transaction, the executive vice president owned 11,029 shares in the company, valued at approximately $1,544,060. This trade represents a 15.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Paul R. Oldham sold 1,173 shares of Advanced Energy Industries stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $131.29, for a total value of $154,003.17. Following the completion of the sale, the executive vice president owned 31,006 shares of the company’s stock, valued at $4,070,777.74. The trade was a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Advanced Energy Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its holdings in Advanced Energy Industries by 9.4% during the first quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the electronics maker’s stock worth $207,000 after buying an additional 187 shares during the period. GAMMA Investing LLC lifted its stake in shares of Advanced Energy Industries by 65.1% during the 1st quarter. GAMMA Investing LLC now owns 2,032 shares of the electronics maker’s stock worth $194,000 after purchasing an additional 801 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Advanced Energy Industries during the 1st quarter worth $914,000. Vontobel Holding Ltd. boosted its position in Advanced Energy Industries by 13.9% during the first quarter. Vontobel Holding Ltd. now owns 6,372 shares of the electronics maker’s stock valued at $607,000 after purchasing an additional 780 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in Advanced Energy Industries by 6.7% in the first quarter. QRG Capital Management Inc. now owns 5,622 shares of the electronics maker’s stock valued at $536,000 after purchasing an additional 355 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.