Advanced Energy Industries (NASDAQ:AEIS) Rating Increased to Hold at StockNews.com

Advanced Energy Industries (NASDAQ:AEIS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Several other research firms have also weighed in on AEIS. TD Cowen lifted their price objective on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday. Citigroup downgraded shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a research report on Monday, July 15th. Wells Fargo & Company lifted their price target on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the company an “equal weight” rating in a research report on Wednesday. Susquehanna lifted their price target on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.14.

Advanced Energy Industries Trading Up 7.4 %

Shares of NASDAQ:AEIS traded up $7.99 during mid-day trading on Wednesday, hitting $116.37. The company had a trading volume of 627,527 shares, compared to its average volume of 205,874. The firm has a fifty day moving average price of $109.18 and a 200 day moving average price of $103.63. The company has a market capitalization of $4.36 billion, a PE ratio of 42.78, a price-to-earnings-growth ratio of 5.39 and a beta of 1.52. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.40. Advanced Energy Industries has a one year low of $81.86 and a one year high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.14. The company had revenue of $364.95 million during the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. Advanced Energy Industries’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. As a group, research analysts forecast that Advanced Energy Industries will post 2.33 EPS for the current year.

Hedge Funds Weigh In On Advanced Energy Industries

A number of hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in shares of Advanced Energy Industries in the 1st quarter worth about $1,003,000. Norges Bank purchased a new position in shares of Advanced Energy Industries in the 4th quarter worth about $43,516,000. Peregrine Capital Management LLC purchased a new position in shares of Advanced Energy Industries in the 4th quarter worth about $7,856,000. Moody Aldrich Partners LLC boosted its holdings in shares of Advanced Energy Industries by 130.4% in the 4th quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock worth $3,571,000 after buying an additional 18,561 shares during the last quarter. Finally, Seizert Capital Partners LLC boosted its holdings in shares of Advanced Energy Industries by 71.2% in the 4th quarter. Seizert Capital Partners LLC now owns 28,479 shares of the electronics maker’s stock worth $3,102,000 after buying an additional 11,846 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

About Advanced Energy Industries

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.