Advanced Energy Industries (NASDAQ:AEIS) Rating Increased to Buy at Citigroup

Citigroup upgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a neutral rating to a buy rating in a research note published on Monday, Marketbeat Ratings reports. They currently have $138.00 price objective on the electronics maker’s stock, up from their previous price objective of $110.00.

AEIS has been the topic of a number of other research reports. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. TD Cowen reduced their price target on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Bank of America raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Monday, December 16th. Finally, Benchmark reissued a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.78.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS opened at $118.67 on Monday. The company has a 50 day simple moving average of $115.63 and a two-hundred day simple moving average of $109.20. Advanced Energy Industries has a fifty-two week low of $89.11 and a fifty-two week high of $128.70. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 104.10, a P/E/G ratio of 6.92 and a beta of 1.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The company had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. During the same quarter last year, the company earned $1.12 EPS. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. Analysts expect that Advanced Energy Industries will post 2.52 EPS 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 paid a $0.10 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 35.09%.

Insider Activity at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its position in shares of Advanced Energy Industries by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock valued at $1,132,000 after acquiring an additional 102 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Advanced Energy Industries by 5.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after buying an additional 130 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock valued at $25,000 after buying an additional 182 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 186 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Advanced Energy Industries by 2.0% during the second quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock worth $1,136,000 after acquiring an additional 203 shares during 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.