Advanced Energy Industries’ (AEIS) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research note issued to investors on Thursday, Benzinga reports.

Separately, Wells Fargo & Company cut their price target on Advanced Energy Industries from $108.00 to $97.00 and set an equal weight rating on the stock in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $111.86.

Advanced Energy Industries Trading Up 2.5 %

Shares of NASDAQ:AEIS traded up $2.36 during trading on Thursday, reaching $97.99. The stock had a trading volume of 259,377 shares, compared to its average volume of 217,206. Advanced Energy Industries has a 52 week low of $81.86 and a 52 week high of $126.38. The firm’s fifty day moving average is $97.82 and its 200 day moving average is $99.13. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 36.03, a P/E/G ratio of 3.37 and a beta of 1.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.70%. The firm had revenue of $327.50 million for the quarter, compared to the consensus estimate of $351.74 million. During the same period last year, the company posted $1.10 EPS. The business’s revenue was down 22.9% compared to the same quarter last year. As a group, equities analysts forecast that Advanced Energy Industries will post 2.88 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 27th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Thursday, May 23rd. Advanced Energy Industries’s payout ratio is 14.71%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its position in Advanced Energy Industries by 0.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,751 shares of the electronics maker’s stock valued at $1,727,000 after acquiring an additional 122 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Advanced Energy Industries by 7.1% in the fourth quarter. Quadrant Capital Group LLC now owns 2,087 shares of the electronics maker’s stock worth $227,000 after purchasing an additional 138 shares during the last quarter. Advisor Partners II LLC lifted its holdings in shares of Advanced Energy Industries by 7.9% in the third quarter. Advisor Partners II LLC now owns 2,012 shares of the electronics maker’s stock valued at $207,000 after purchasing an additional 148 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Advanced Energy Industries by 5.4% during the third quarter. Inspire Investing LLC now owns 2,971 shares of the electronics maker’s stock valued at $306,000 after buying an additional 153 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in Advanced Energy Industries by 78.2% during the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after buying an additional 154 shares in the last quarter. 99.67% of the stock is 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.