Advanced Energy Industries (NASDAQ:AEIS) Sets New 52-Week High – Should You Buy?

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) hit a new 52-week high on Wednesday . The stock traded as high as $120.49 and last traded at $120.34, with a volume of 41837 shares changing hands. The stock had previously closed at $111.39.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company reduced their price target on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Susquehanna dropped their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective on the stock. Finally, Robert W. Baird lowered their price target on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $112.75.

Advanced Energy Industries Price Performance

The stock has a 50 day simple moving average of $104.54 and a two-hundred day simple moving average of $105.46. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 102.91, a price-to-earnings-growth ratio of 6.49 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share. On average, equities research analysts predict that Advanced Energy Industries, Inc. will post 2.51 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 annualized dividend and a yield of 0.34%. Advanced Energy Industries’s payout ratio is 35.09%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Huntington National Bank boosted its position in shares of Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 208 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Advanced Energy Industries by 68.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 186 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Advanced Energy Industries by 157.6% during the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 383 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Advanced Energy Industries during the 2nd quarter worth about $87,000. Finally, Blue Trust Inc. boosted its position in shares of Advanced Energy Industries by 2,150.0% during the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock worth $88,000 after acquiring an additional 774 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

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.