Advanced Energy Industries (NASDAQ:AEIS) Given New $310.00 Price Target at Stifel Nicolaus

Advanced Energy Industries (NASDAQ:AEIS) had its target price boosted by investment analysts at Stifel Nicolaus from $270.00 to $310.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 13.45% from the company’s previous close.

Several other brokerages have also weighed in on AEIS. Susquehanna upgraded Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. TD Cowen restated a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Advanced Energy Industries in a research report on Monday, December 29th. Bank of America upped their price objective on shares of Advanced Energy Industries from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Needham & Company LLC upped their price target on Advanced Energy Industries from $225.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Advanced Energy Industries has a consensus rating of “Moderate Buy” and a consensus price target of $259.50.

Advanced Energy Industries Stock Up 6.1%

NASDAQ AEIS opened at $273.26 on Monday. The company has a quick ratio of 3.01, a current ratio of 4.10 and a debt-to-equity ratio of 0.43. Advanced Energy Industries has a 52 week low of $75.01 and a 52 week high of $277.14. The business’s fifty day simple moving average is $232.92 and its 200-day simple moving average is $194.96. The firm has a market cap of $10.31 billion, a PE ratio of 71.72, a P/E/G ratio of 1.31 and a beta of 1.41.

Insider Transactions at Advanced Energy Industries

In related news, EVP Paul R. Oldham sold 8,174 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $203.11, for a total value of $1,660,221.14. Following the sale, the executive vice president owned 24,792 shares of the company’s stock, valued at $5,035,503.12. This trade represents a 24.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tina Donikowski sold 2,257 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $210.33, for a total transaction of $474,714.81. Following the transaction, the director owned 8,248 shares of the company’s stock, valued at $1,734,801.84. This trade represents a 21.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Advanced Energy Industries

Several hedge funds have recently added to or reduced their stakes in AEIS. Azzad Asset Management Inc. ADV boosted its holdings in shares of Advanced Energy Industries by 0.4% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 10,720 shares of the electronics maker’s stock valued at $1,824,000 after buying an additional 45 shares in the last quarter. Allworth Financial LP boosted its position in shares of Advanced Energy Industries by 9.2% in the 3rd quarter. Allworth Financial LP now owns 582 shares of the electronics maker’s stock valued at $99,000 after purchasing an additional 49 shares during the period. Cullen Frost Bankers Inc. increased its position in Advanced Energy Industries by 40.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 194 shares of the electronics maker’s stock worth $41,000 after buying an additional 56 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Advanced Energy Industries by 19.9% in the third quarter. EverSource Wealth Advisors LLC now owns 374 shares of the electronics maker’s stock valued at $64,000 after buying an additional 62 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Advanced Energy Industries by 3.5% during the third quarter. D.A. Davidson & CO. now owns 1,860 shares of the electronics maker’s stock worth $316,000 after acquiring an additional 63 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

About Advanced Energy Industries

Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.

Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.