Advanced Energy Industries (NASDAQ:AEIS) Cut to Sell at StockNews.com

Advanced Energy Industries (NASDAQ:AEIS) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

AEIS has been the subject of a number of other research reports. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price target for the company. Wells Fargo & Company increased their price target on Advanced Energy Industries from $97.00 to $103.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Citigroup downgraded Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price on the stock. in a report on Monday, July 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Finally, TD Cowen increased their target price on Advanced Energy Industries from $100.00 to $120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $113.25.

Advanced Energy Industries Stock Down 1.1 %

AEIS traded down $1.10 on Wednesday, reaching $97.74. The company’s stock had a trading volume of 241,896 shares, compared to its average volume of 208,204. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 5.37 and a beta of 1.52. Advanced Energy Industries has a 1 year low of $81.86 and a 1 year high of $119.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. The business’s 50 day moving average is $107.31 and its 200 day moving average is $103.56.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The firm had revenue of $364.95 million during the quarter, compared to the consensus estimate of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. Advanced Energy Industries’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.95 earnings per share. As a group, research analysts forecast that Advanced Energy Industries will post 2.47 EPS for the current fiscal year.

Institutional Trading of Advanced Energy Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Advanced Energy Industries by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock worth $463,335,000 after purchasing an additional 73,028 shares during the period. Earnest Partners LLC raised its position in shares of Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after purchasing an additional 199,578 shares during the period. Dimensional Fund Advisors LP increased its position in Advanced Energy Industries by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock valued at $103,428,000 after acquiring an additional 15,577 shares during the period. The Manufacturers Life Insurance Company increased its position in Advanced Energy Industries by 22.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after acquiring an additional 118,328 shares during the period. Finally, First Trust Advisors LP increased its position in Advanced Energy Industries by 11.8% in the 4th quarter. First Trust Advisors LP now owns 545,079 shares of the electronics maker’s stock valued at $59,370,000 after acquiring an additional 57,610 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.