Advanced Energy Industries (NASDAQ:AEIS) Hits New 12-Month High at $77.89

Advanced Energy Industries, Inc. (NASDAQ:AEIS)’s share price reached a new 52-week high on Thursday . The company traded as high as $77.89 and last traded at $77.07, with a volume of 33908 shares trading hands. The stock had previously closed at $76.50.

A number of research analysts have recently weighed in on the stock. Cowen increased their target price on shares of Advanced Energy Industries from $57.00 to $60.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Susquehanna Bancshares reissued a “buy” rating and set a $80.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, December 18th. DA Davidson increased their target price on shares of Advanced Energy Industries from $68.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. TheStreet downgraded shares of Advanced Energy Industries from a “b-” rating to a “c+” rating in a research report on Tuesday, November 12th. Finally, Needham & Company LLC increased their target price on shares of Advanced Energy Industries from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Advanced Energy Industries presently has a consensus rating of “Hold” and a consensus price target of $74.20.

The company has a market capitalization of $2.98 billion, a PE ratio of 40.03 and a beta of 1.61. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.80 and a current ratio of 2.47. The stock’s 50 day moving average is $72.68 and its 200 day moving average is $61.84.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Tuesday, November 12th. The electronics maker reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.22. The company had revenue of $175.10 million for the quarter, compared to analysts’ expectations of $153.03 million. Advanced Energy Industries had a net margin of 12.25% and a return on equity of 13.00%. Advanced Energy Industries’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS. On average, equities research analysts forecast that Advanced Energy Industries, Inc. will post 2.12 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its stake in Advanced Energy Industries by 16.8% in the 4th quarter. Victory Capital Management Inc. now owns 2,243,625 shares of the electronics maker’s stock worth $159,746,000 after purchasing an additional 322,212 shares in the last quarter. Earnest Partners LLC lifted its stake in Advanced Energy Industries by 7.2% in the 4th quarter. Earnest Partners LLC now owns 1,104,996 shares of the electronics maker’s stock worth $78,676,000 after purchasing an additional 74,030 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Advanced Energy Industries by 6.3% in the 4th quarter. Principal Financial Group Inc. now owns 614,929 shares of the electronics maker’s stock worth $43,783,000 after purchasing an additional 36,265 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in Advanced Energy Industries by 49.6% in the 4th quarter. Pictet Asset Management Ltd. now owns 534,896 shares of the electronics maker’s stock worth $38,085,000 after purchasing an additional 177,227 shares in the last quarter. Finally, Investment Counselors of Maryland LLC lifted its stake in Advanced Energy Industries by 1.7% in the 4th quarter. Investment Counselors of Maryland LLC now owns 496,695 shares of the electronics maker’s stock worth $35,365,000 after purchasing an additional 8,207 shares in the last quarter. Institutional investors own 99.82% of the company’s stock.

Advanced Energy Industries Company Profile (NASDAQ:AEIS)

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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