ValuEngine Downgrades Advanced Energy Industries (AEIS) to Hold

Advanced Energy Industries (NASDAQ:AEIS) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday, November 30th.

A number of other brokerages have also recently commented on AEIS. BidaskClub cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a research report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 target price on the stock. Zacks Investment Research cut shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Needham & Company LLC reiterated a “buy” rating on shares of Advanced Energy Industries in a research report on Friday, October 13th. Finally, KeyCorp reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Advanced Energy Industries presently has a consensus rating of “Hold” and an average target price of $81.60.

Shares of Advanced Energy Industries (NASDAQ:AEIS) traded down $1.47 during mid-day trading on Thursday, hitting $70.44. 437,500 shares of the stock traded hands, compared to its average volume of 429,956. Advanced Energy Industries has a 12 month low of $52.12 and a 12 month high of $95.00. The stock has a market cap of $2,770.00, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.13 and a beta of 1.29.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.02. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. The company had revenue of $176.60 million during the quarter, compared to analyst estimates of $165.77 million. During the same quarter last year, the business posted $0.77 EPS. Advanced Energy Industries’s quarterly revenue was up 39.5% compared to the same quarter last year. equities research analysts expect that Advanced Energy Industries will post 4.26 EPS for the current year.

In other Advanced Energy Industries news, EVP Thomas O. Mcgimpsey sold 5,190 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $85.06, for a total value of $441,461.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Yuval Wasserman sold 23,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $85.00, for a total transaction of $1,955,000.00. The disclosure for this sale can be found here. Insiders sold 54,603 shares of company stock worth $4,572,568 in the last 90 days. Corporate insiders own 1.13% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. D.A. Davidson & CO. raised its position in shares of Advanced Energy Industries by 0.7% in the 2nd quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock valued at $142,000 after purchasing an additional 16 shares in the last quarter. US Bancorp DE grew its stake in shares of Advanced Energy Industries by 0.4% in the second quarter. US Bancorp DE now owns 5,136 shares of the electronics maker’s stock worth $332,000 after purchasing an additional 18 shares in the last quarter. Alps Advisors Inc. grew its stake in shares of Advanced Energy Industries by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,205 shares of the electronics maker’s stock worth $466,000 after purchasing an additional 19 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Advanced Energy Industries by 1.1% in the second quarter. Teacher Retirement System of Texas now owns 3,174 shares of the electronics maker’s stock worth $205,000 after purchasing an additional 34 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Advanced Energy Industries by 2.2% in the second quarter. Ameritas Investment Partners Inc. now owns 3,487 shares of the electronics maker’s stock worth $225,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.

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Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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