Advanced Energy Industries (NASDAQ:AEIS) Earns “Hold” Rating from Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report sent to investors on Tuesday, Benzinga reports.

A number of other research firms also recently commented on AEIS. Susquehanna dropped their price objective on Advanced Energy Industries from $95.00 to $90.00 and set a neutral rating on the stock in a research note on Thursday, May 2nd. Citigroup upped their price target on shares of Advanced Energy Industries from $107.00 to $113.00 and gave the company a buy rating in a report on Monday, May 6th. Benchmark reaffirmed a buy rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Finally, StockNews.com lowered shares of Advanced Energy Industries from a hold rating to a sell rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $108.86.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS opened at $108.76 on Tuesday. The stock has a market cap of $4.07 billion, a P/E ratio of 39.99, a P/E/G ratio of 5.27 and a beta of 1.53. The firm’s 50-day simple moving average is $104.37 and its 200 day simple moving average is $103.01. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $126.38. The company has a quick ratio of 4.40, a current ratio of 5.61 and a debt-to-equity ratio of 0.78.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The company had revenue of $327.50 million for the quarter, compared to the consensus estimate of $351.74 million. During the same quarter last year, the firm posted $1.10 earnings per share. The firm’s quarterly revenue was down 22.9% compared to the same quarter last year. Equities analysts expect that Advanced Energy Industries will post 2.33 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 27th were paid a $0.10 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 14.71%.

Institutional Investors Weigh In On Advanced Energy Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in AEIS. Rise Advisors LLC bought a new position in Advanced Energy Industries during the first quarter valued at approximately $25,000. Parallel Advisors LLC lifted its stake in shares of Advanced Energy Industries by 78.2% in the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 154 shares during the last quarter. Signaturefd LLC boosted its holdings in Advanced Energy Industries by 52.3% in the fourth quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock worth $66,000 after purchasing an additional 209 shares in the last quarter. Principal Securities Inc. acquired a new position in Advanced Energy Industries during the fourth quarter worth $87,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Advanced Energy Industries during the third quarter valued at about $85,000. 99.67% of the stock is 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.