Robert W. Baird Initiates Coverage on Advanced Energy Industries (NASDAQ:AEIS)

Analysts at Robert W. Baird started coverage on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research report issued to clients and investors on Friday, Marketbeat reports. The firm set an “outperform” rating and a $128.00 price target on the electronics maker’s stock. Robert W. Baird’s target price points to a potential upside of 26.00% from the stock’s previous close.

AEIS has been the topic of several other research reports. Citigroup cut shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price on the stock. in a research note on Monday, July 15th. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a research report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target on the stock. StockNews.com downgraded shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Friday. Susquehanna boosted their target price on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $114.89.

Advanced Energy Industries Stock Down 0.2 %

AEIS opened at $101.59 on Friday. The company has a market cap of $3.80 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50. Advanced Energy Industries has a twelve month low of $81.86 and a twelve month high of $119.75. The company has a 50-day moving average price of $104.58 and a 200 day moving average price of $103.27. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The business had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The business’s revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Sell-side analysts expect that Advanced Energy Industries will post 2.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Advanced Energy Industries

Several large investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in Advanced Energy Industries in the 2nd quarter valued at about $250,000. Point72 Asset Management L.P. purchased a new stake in shares of Advanced Energy Industries in the 2nd quarter valued at approximately $1,316,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Advanced Energy Industries by 4.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,997 shares of the electronics maker’s stock valued at $870,000 after acquiring an additional 369 shares during the period. Creative Planning lifted its holdings in shares of Advanced Energy Industries by 76.0% in the 2nd quarter. Creative Planning now owns 15,569 shares of the electronics maker’s stock worth $1,693,000 after acquiring an additional 6,721 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Advanced Energy Industries during the 2nd quarter worth approximately $2,078,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

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.