Advanced Energy Industries (NASDAQ:AEIS) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a hold rating to a sell rating in a report issued on Thursday.

AEIS has been the subject of several other research reports. Benchmark reaffirmed a buy rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research note on Thursday. Wells Fargo & Company reduced their price target on shares of Advanced Energy Industries from $108.00 to $97.00 and set an equal weight rating for the company in a research report on Wednesday, February 7th. Susquehanna lowered their price objective on Advanced Energy Industries from $95.00 to $90.00 and set a neutral rating on the stock in a research report on Thursday. Finally, Needham & Company LLC restated a hold rating on shares of Advanced Energy Industries in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $111.86.

Advanced Energy Industries Trading Up 2.5 %

Shares of AEIS stock opened at $97.99 on Thursday. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 3.43 and a beta of 1.54. The company’s fifty day simple moving average is $97.79 and its two-hundred day simple moving average is $99.14. Advanced Energy Industries has a 1 year low of $81.86 and a 1 year high of $126.38. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.10.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The company had revenue of $327.50 million for the quarter, compared to the consensus estimate of $351.74 million. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The business’s revenue for the quarter was down 22.9% compared to the same quarter last year. As a group, analysts anticipate that Advanced Energy Industries will post 2.88 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, June 7th. Shareholders of record on Monday, May 27th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. Advanced Energy Industries’s payout ratio is 14.71%.

Hedge Funds Weigh In On Advanced Energy Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Advanced Energy Industries by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,470,367 shares of the electronics maker’s stock worth $486,912,000 after buying an additional 32,822 shares in the last quarter. FMR LLC raised its position in Advanced Energy Industries by 16.8% in the 3rd quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock worth $415,262,000 after purchasing an additional 577,765 shares during the period. Earnest Partners LLC lifted its stake in Advanced Energy Industries by 0.5% in the third quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock worth $161,750,000 after purchasing an additional 7,701 shares during the last quarter. Victory Capital Management Inc. boosted its position in Advanced Energy Industries by 6.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,167,892 shares of the electronics maker’s stock valued at $127,207,000 after buying an additional 75,351 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Advanced Energy Industries by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 923,960 shares of the electronics maker’s stock valued at $100,641,000 after buying an additional 3,093 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

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.