Recent Investment Analysts’ Ratings Updates for Advanced Energy Industries (AEIS)

A number of research firms have changed their ratings and price targets for Advanced Energy Industries (NASDAQ: AEIS):

• 11/21/2023 – Advanced Energy Industries is now covered by analysts at Wells Fargo & Company. They set an “equal weight” rating and a $100.00 price target on the stock.
• 11/1/2023 – Advanced Energy Industries was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
• 11/1/2023 – Advanced Energy Industries had its price target lowered by analysts at Raymond James from $130.00 to $110.00. They now have an “outperform” rating on the stock.
• 11/1/2023 – Advanced Energy Industries had its price target lowered by analysts at Susquehanna from $110.00 to $95.00. They now have a “neutral” rating on the stock.
• 10/5/2023 – Advanced Energy Industries is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Advanced Energy Industries Stock Performance

NASDAQ AEIS traded down $0.98 on Tuesday, hitting $95.91. The stock had a trading volume of 34,753 shares, compared to its average volume of 213,602. The company’s 50-day moving average is $95.72 and its two-hundred day moving average is $103.60. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 26.94 and a beta of 1.59. The company has a quick ratio of 4.16, a current ratio of 5.32 and a debt-to-equity ratio of 0.82. Advanced Energy Industries, Inc. has a one year low of $81.81 and a one year high of $126.38.

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

Advanced Energy Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Friday, November 17th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 11.24%.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Ronald C. Foster sold 1,000 shares of Advanced Energy Industries stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $103.26, for a total value of $103,260.00. Following the transaction, the director now owns 2,618 shares of the company’s stock, valued at approximately $270,334.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ronald C. Foster sold 2,000 shares of the 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 completion of the sale, the director now owns 3,618 shares in the company, valued at approximately $428,660.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald C. Foster sold 1,000 shares of Advanced Energy Industries stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $103.26, for a total value of $103,260.00. Following the completion of the transaction, the director now owns 2,618 shares in the company, valued at $270,334.68. The disclosure for this sale can be found here. In the last three months, insiders sold 4,148 shares of company stock valued at $448,154. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its position in Advanced Energy Industries by 30.0% during the 1st quarter. FMR LLC now owns 2,704,228 shares of the electronics maker’s stock worth $265,014,000 after acquiring an additional 623,433 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Advanced Energy Industries by 356.6% during the first quarter. Envestnet Asset Management Inc. now owns 594,875 shares of the electronics maker’s stock worth $12,741,000 after purchasing an additional 464,586 shares during the period. Norges Bank purchased a new position in Advanced Energy Industries during the fourth quarter valued at approximately $32,190,000. The Manufacturers Life Insurance Company increased its stake in Advanced Energy Industries by 1,005.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 346,271 shares of the electronics maker’s stock valued at $35,707,000 after buying an additional 314,941 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Advanced Energy Industries by 122.7% in the 4th quarter. Millennium Management LLC now owns 500,028 shares of the electronics maker’s stock valued at $42,892,000 after acquiring an additional 275,452 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.