Brokerages Set Advanced Energy Industries, Inc. (NASDAQ:AEIS) Price Target at $116.57

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $116.57.

Several equities research analysts recently issued reports on AEIS shares. Benchmark reissued a “buy” rating and issued a $135.00 target price on shares of Advanced Energy Industries in a research report on Friday, September 15th. Susquehanna decreased their target price on shares of Advanced Energy Industries from $110.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. Raymond James decreased their target price on shares of Advanced Energy Industries from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 1st. TheStreet cut shares of Advanced Energy Industries from a “b” rating to a “c+” rating in a research report on Wednesday, November 1st. Finally, Citigroup raised their target price on shares of Advanced Energy Industries from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, August 7th.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS opened at $96.89 on Tuesday. The company has a market cap of $3.61 billion, a PE ratio of 27.22 and a beta of 1.59. Advanced Energy Industries has a 12 month low of $81.81 and a 12 month high of $126.38. The company has a debt-to-equity ratio of 0.82, a current ratio of 5.32 and a quick ratio of 4.16. The company has a 50-day simple moving average of $95.72 and a 200-day simple moving average of $103.60.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Tuesday, October 31st. The electronics maker reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. The business had revenue of $409.99 million during the quarter, compared to the consensus estimate of $421.84 million. Advanced Energy Industries had a net margin of 7.73% and a return on equity of 16.41%. On average, equities analysts anticipate that Advanced Energy Industries will post 4.18 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. Advanced Energy Industries’s dividend payout ratio (DPR) is 11.24%.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Ronald C. Foster sold 2,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $118.48, for a total transaction of $236,960.00. Following the transaction, the director now directly owns 3,618 shares of the company’s stock, valued at $428,660.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Ronald C. Foster sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the transaction, the director now directly owns 1,618 shares of the company’s stock, valued at $153,710. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald C. Foster sold 2,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $118.48, for a total transaction of $236,960.00. Following the transaction, the director now directly owns 3,618 shares in the company, valued at $428,660.64. The disclosure for this sale can be found here. Insiders have sold a total of 4,148 shares of company stock valued at $448,154 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Advanced Energy Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in AEIS. Raymond James Financial Services Advisors Inc. increased its stake in shares of Advanced Energy Industries by 6.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,220 shares of the electronics maker’s stock worth $1,138,000 after buying an additional 828 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Advanced Energy Industries by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 395,624 shares of the electronics maker’s stock worth $34,056,000 after buying an additional 7,996 shares during the last quarter. US Bancorp DE increased its stake in shares of Advanced Energy Industries by 29.9% in the first quarter. US Bancorp DE now owns 1,829 shares of the electronics maker’s stock worth $158,000 after buying an additional 421 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Advanced Energy Industries by 24.5% in the first quarter. HighTower Advisors LLC now owns 3,841 shares of the electronics maker’s stock worth $330,000 after buying an additional 755 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of Advanced Energy Industries by 8.0% in the first quarter. Citigroup Inc. now owns 33,944 shares of the electronics maker’s stock worth $2,922,000 after buying an additional 2,519 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

About Advanced Energy Industries

Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, and high voltage systems, as well as radio frequency (RF) power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.