Advanced Energy Industries (NASDAQ:AEIS) Sets New 1-Year High – Here’s Why

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $121.07 and last traded at $121.04, with a volume of 67404 shares. The stock had previously closed at $117.22.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Robert W. Baird upped their target price on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Monday. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Susquehanna cut their target price on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Finally, Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.25.

Advanced Energy Industries Trading Down 1.7 %

The firm has a market cap of $4.55 billion, a P/E ratio of 105.83, a P/E/G ratio of 6.92 and a beta of 1.47. The business’s 50-day moving average is $113.03 and its two-hundred day moving average is $108.21. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48.

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 the consensus estimate of $0.91 by $0.07. The company had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The business’s revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 earnings per share. As a group, analysts expect that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. Advanced Energy Industries’s dividend payout ratio is currently 35.09%.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Energy Industries

A number of hedge funds and other institutional investors have recently modified their holdings of AEIS. Huntington National Bank increased its stake in Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after buying an additional 208 shares during the period. Quantbot Technologies LP bought a new position in shares of Advanced Energy Industries in the third quarter valued at approximately $41,000. Meeder Asset Management Inc. grew its holdings in Advanced Energy Industries by 68.4% during the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 186 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Advanced Energy Industries in the 2nd quarter worth approximately $87,000. Finally, Blue Trust Inc. increased its holdings in shares of Advanced Energy Industries by 2,150.0% in the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock valued at $88,000 after buying an additional 774 shares in the last quarter. 99.67% of the stock is currently owned by 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.