Susquehanna Lowers Advanced Energy Industries (NASDAQ:AEIS) to Neutral

Susquehanna lowered shares of Advanced Energy Industries (NASDAQ:AEIS) from a positive rating to a neutral rating in a research report released on Tuesday morning, Price Targets.com reports. They currently have $100.00 target price on the electronics maker’s stock, down from their prior target price of $112.00.

A number of other equities research analysts also recently weighed in on AEIS. Needham & Company LLC downgraded Advanced Energy Industries from a buy rating to a hold rating in a report on Thursday, August 5th. DA Davidson dropped their target price on Advanced Energy Industries from $135.00 to $120.00 and set a buy rating for the company in a report on Thursday, August 5th. Zacks Investment Research downgraded Advanced Energy Industries from a hold rating to a sell rating and set a $98.00 target price for the company. in a report on Monday, May 17th. Cowen dropped their target price on Advanced Energy Industries from $120.00 to $105.00 and set a market perform rating for the company in a report on Wednesday, August 4th. Finally, Rosenblatt Securities dropped their target price on Advanced Energy Industries from $125.00 to $115.00 and set a buy rating for the company in a report on Thursday, August 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $110.11.

AEIS stock opened at $85.76 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.93 and a quick ratio of 2.14. The company has a fifty day moving average price of $93.72 and a two-hundred day moving average price of $101.71. Advanced Energy Industries has a one year low of $57.04 and a one year high of $125.55. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 20.42 and a beta of 1.75.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Tuesday, August 3rd. The electronics maker reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.02). Advanced Energy Industries had a return on equity of 25.03% and a net margin of 10.96%. The company had revenue of $361.31 million for the quarter, compared to the consensus estimate of $360.80 million. During the same period last year, the firm earned $1.18 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts anticipate that Advanced Energy Industries will post 4.16 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Monday, August 23rd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Friday, August 20th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 8.02%.

Hedge funds have recently bought and sold shares of the stock. Vontobel Holding Ltd. raised its stake in Advanced Energy Industries by 43.0% in the first quarter. Vontobel Holding Ltd. now owns 42,430 shares of the electronics maker’s stock valued at $4,632,000 after purchasing an additional 12,754 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Advanced Energy Industries by 7.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 145,400 shares of the electronics maker’s stock worth $16,388,000 after acquiring an additional 10,000 shares in the last quarter. Virtu Financial LLC acquired a new position in Advanced Energy Industries during the first quarter worth about $213,000. Poplar Forest Capital LLC raised its stake in Advanced Energy Industries by 66.9% during the second quarter. Poplar Forest Capital LLC now owns 4,778 shares of the electronics maker’s stock worth $539,000 after acquiring an additional 1,915 shares in the last quarter. Finally, NewEdge Wealth LLC acquired a new position in Advanced Energy Industries during the first quarter worth about $476,000. 95.85% of the stock is owned by institutional investors and hedge funds.

About Advanced Energy Industries

Advanced Energy Industries, Inc engages in the provision of precision power conversion, measurement, and control solutions. It offers products used in complex semiconductor and thin film plasma processes such as dry etch, strip, chemical and physical deposition; high and low voltage applications such as process control, analytical instrumentation and medical equipment; and in temperature-critical thermal applications such as material and chemical processing.

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Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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