Advanced Energy Industries, Inc. (AEIS) Receives Average Rating of “Buy” from Brokerages

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have earned an average recommendation of “Buy” from the seven analysts that are presently covering the company. Four analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $62.25.

A number of equities research analysts recently weighed in on AEIS shares. Citigroup Inc upped their price objective on Advanced Energy Industries from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, March 20th. Zacks Investment Research cut Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Needham & Company LLC upped their price objective on Advanced Energy Industries from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. Finally, Dougherty & Co upped their price objective on Advanced Energy Industries from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st.

Shares of Advanced Energy Industries (NASDAQ:AEIS) traded up 2.72% on Tuesday, hitting $68.93. 316,878 shares of the stock were exchanged. Advanced Energy Industries has a 52-week low of $31.98 and a 52-week high of $70.64. The company has a 50 day moving average of $65.98 and a 200 day moving average of $57.34. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 21.66 and a beta of 1.07.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Monday, January 30th. The electronics maker reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.25. The firm earned $135.30 million during the quarter, compared to analysts’ expectations of $131.14 million. Advanced Energy Industries had a return on equity of 34.94% and a net margin of 26.35%. The firm’s quarterly revenue was up 55.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. Equities research analysts forecast that Advanced Energy Industries will post $3.59 earnings per share for the current year.

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In other Advanced Energy Industries news, Director Thomas M. Rohrs sold 4,000 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $68.56, for a total value of $274,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.33% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its stake in Advanced Energy Industries by 36.0% in the third quarter. Fisher Asset Management LLC now owns 123,109 shares of the electronics maker’s stock worth $5,826,000 after buying an additional 32,590 shares during the period. Eagle Boston Investment Management Inc. boosted its position in shares of Advanced Energy Industries by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 230,283 shares of the electronics maker’s stock valued at $10,896,000 after buying an additional 1,822 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Advanced Energy Industries by 14.1% in the third quarter. Nisa Investment Advisors LLC now owns 16,200 shares of the electronics maker’s stock valued at $767,000 after buying an additional 2,000 shares during the last quarter. Chesley Taft & Associates LLC boosted its position in shares of Advanced Energy Industries by 0.6% in the third quarter. Chesley Taft & Associates LLC now owns 24,425 shares of the electronics maker’s stock valued at $1,156,000 after buying an additional 150 shares during the last quarter. Finally, Moody Aldrich Partners LLC boosted its position in shares of Advanced Energy Industries by 10.5% in the third quarter. Moody Aldrich Partners LLC now owns 36,847 shares of the electronics maker’s stock valued at $1,744,000 after buying an additional 3,500 shares during the last quarter. Institutional investors own 94.15% of the company’s stock.

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.

5 Day Chart for NASDAQ:AEIS

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