Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been given a consensus rating of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $81.60.

Several equities analysts recently commented on the company. BidaskClub upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research downgraded shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating on shares of Advanced Energy Industries in a research note on Friday, October 13th. KeyCorp reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research note on Sunday, October 15th. Finally, ValuEngine downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th.

In related news, CEO Yuval Wasserman sold 23,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $85.00, for a total value of $1,955,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas O. Mcgimpsey sold 5,190 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $85.06, for a total value of $441,461.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,859 shares of company stock valued at $4,409,311. 1.13% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale lifted its position in Advanced Energy Industries by 131.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,400 shares of the electronics maker’s stock valued at $287,000 after acquiring an additional 2,500 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Advanced Energy Industries by 1.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,174 shares of the electronics maker’s stock worth $205,000 after acquiring an additional 34 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Advanced Energy Industries by 420.1% during the 2nd quarter. SG Americas Securities LLC now owns 11,682 shares of the electronics maker’s stock worth $756,000 after acquiring an additional 9,436 shares during the period. Alps Advisors Inc. grew its position in Advanced Energy Industries by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,205 shares of the electronics maker’s stock valued at $466,000 after acquiring an additional 19 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Advanced Energy Industries by 9.1% in the second quarter. Legal & General Group Plc now owns 76,258 shares of the electronics maker’s stock valued at $4,935,000 after acquiring an additional 6,341 shares in the last quarter. 94.29% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries (NASDAQ:AEIS) opened at $70.28 on Monday. Advanced Energy Industries has a 12-month low of $53.79 and a 12-month high of $95.00. The firm has a market capitalization of $2,795.84, a PE ratio of 13.34, a PEG ratio of 1.38 and a beta of 1.29.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Monday, October 30th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.02. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. The firm had revenue of $176.60 million during the quarter, compared to analysts’ expectations of $165.77 million. During the same period last year, the business earned $0.77 earnings per share. Advanced Energy Industries’s revenue was up 39.5% compared to the same quarter last year. equities analysts anticipate that Advanced Energy Industries will post 4.26 EPS for the current year.

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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.

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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