Advanced Energy Industries (NASDAQ:AEIS) Hits New 12-Month Low – Time to Sell?

Advanced Energy Industries, Inc. (NASDAQ:AEIS) shares hit a new 52-week low during trading on Thursday. The company traded as low as $182.73 and last traded at $179.55, with a volume of 235,843 shares trading hands. The stock had previously closed at $211.56.

Analysts Set New Price Targets

Several research firms have weighed in on AEIS. Cantor Fitzgerald reiterated an “overweight” rating on shares of Advanced Energy Industries in a research note on Tuesday. Seaport Research Partners upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 price target on the stock in a report on Tuesday, August 4th. Robert W. Baird dropped their price target on shares of Advanced Energy Industries from $410.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday. TD Cowen cut their price objective on Advanced Energy Industries from $370.00 to $275.00 and set a “hold” rating for the company in a report on Tuesday. Finally, Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $360.00 to $310.00 and set an “overweight” rating for the company in a research report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and an average price target of $391.64.

Advanced Energy Industries Stock Performance

The company has a quick ratio of 2.94, a current ratio of 3.62 and a debt-to-equity ratio of 0.71. The stock has a market cap of $7.59 billion, a P/E ratio of 27.00 and a beta of 1.38. The firm’s 50-day moving average is $263.85 and its two-hundred day moving average is $306.91.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Monday, November 2nd. The electronics maker reported $3.65 EPS for the quarter, topping the consensus estimate of $3.04 by $0.61. The company had revenue of $696.40 million during the quarter, compared to the consensus estimate of $644.85 million. Advanced Energy Industries had a net margin of 12.72% and a return on equity of 24.95%. The company’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 earnings per share. As a group, research analysts expect that Advanced Energy Industries, Inc. will post 9.55 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Monday, November 23rd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, November 23rd. Advanced Energy Industries’s payout ratio is presently 7.46%.

Insiders Place Their Bets

In other Advanced Energy Industries news, EVP Elizabeth Vonne sold 908 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $332.68, for a total transaction of $302,073.44. Following the completion of the sale, the executive vice president directly owned 10,712 shares in the company, valued at $3,563,668.16. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eduardo Acebedo sold 24,771 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $315.48, for a total value of $7,814,755.08. Following the completion of the sale, the chief operating officer directly owned 23,109 shares in the company, valued at approximately $7,290,427.32. This represents a 51.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 27,218 shares of company stock worth $8,562,008 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Energy Industries

A number of hedge funds have recently bought and sold shares of the stock. Woodley Farra Manion Portfolio Management Inc. bought a new stake in shares of Advanced Energy Industries in the 3rd quarter worth approximately $400,000. Lido Advisors LLC raised its stake in Advanced Energy Industries by 156.8% during the third quarter. Lido Advisors LLC now owns 2,594 shares of the electronics maker’s stock worth $731,000 after acquiring an additional 1,584 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Advanced Energy Industries by 14.8% during the third quarter. New York Life Investment Management LLC now owns 5,761 shares of the electronics maker’s stock valued at $1,624,000 after acquiring an additional 743 shares during the period. Gen Wealth Partners Inc boosted its stake in shares of Advanced Energy Industries by 19.2% in the 3rd quarter. Gen Wealth Partners Inc now owns 341 shares of the electronics maker’s stock valued at $96,000 after purchasing an additional 55 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in shares of Advanced Energy Industries in the 3rd quarter valued at $266,000. 99.67% of the stock is owned by institutional investors.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc develops and manufactures precision power-conversion, measurement and control technologies. Its products are designed to regulate, transform and deliver electrical power with high levels of accuracy and reliability in demanding industrial applications.

The company’s portfolio includes direct-current and alternating-current power supplies, radio-frequency power systems, high-voltage power supplies, thermal-management equipment, power control modules, and measurement and control instruments.