Advanced Energy Industries (AEIS) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a buy rating to a hold rating in a research report report published on Monday.

According to Zacks, “Advanced Energy is a global leader in the development and support of technologies critical to high-technology, high-growth manufacturing processes used in the production of semiconductors, flat panel displays, data storage products, solar cells, architectural glass, and other advanced product applications. Leveraging a diverse product portfolio and technology leadership, Advanced Energy creates solutions that maximize process impact, improve productivity and lower the cost of ownership for its customers. This portfolio includes a comprehensive line of technology solutions in power, flow, thermal management, and plasma and ion beam sources for original equipment manufacturers and end-users around the world. Advanced Energy operates in regional centers in North America, Asia and Europe and offers global sales and support through direct offices, representatives and distributors, “

AEIS has been the subject of several other research reports. Needham & Company LLC upped their price target on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the stock a buy rating in a research report on Tuesday, October 31st. DA Davidson assumed coverage on shares of Advanced Energy Industries in a research report on Wednesday, January 10th. They set a buy rating and a $100.00 price target for the company. BidaskClub lowered shares of Advanced Energy Industries from a hold rating to a sell rating in a research report on Friday, December 29th. ValuEngine lowered shares of Advanced Energy Industries from a buy rating to a hold rating in a research report on Thursday, November 30th. Finally, KeyCorp restated a hold rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Advanced Energy Industries currently has an average rating of Hold and an average target price of $81.83.

Shares of Advanced Energy Industries (AEIS) traded up $0.62 during trading hours on Monday, hitting $71.23. 459,100 shares of the company’s stock were exchanged, compared to its average volume of 564,911. The firm has a market capitalization of $2,850.00, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.48 and a beta of 1.30. Advanced Energy Industries has a 52 week low of $55.76 and a 52 week high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.02. The company had revenue of $176.60 million for the quarter, compared to analysts’ expectations of $165.77 million. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. The firm’s revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 earnings per share. sell-side analysts predict that Advanced Energy Industries will post 4.26 EPS for the current year.

In related news, Director Frederick Ball sold 4,000 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.51, for a total value of $334,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Grant H. Beard sold 10,000 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $71.86, for a total transaction of $718,600.00. The disclosure for this sale can be found here. Insiders sold a total of 29,859 shares of company stock valued at $2,454,311 in the last quarter. 1.13% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. grew its position in Advanced Energy Industries by 57.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock valued at $168,000 after buying an additional 756 shares in the last quarter. Advisory Services Network LLC grew its position in Advanced Energy Industries by 9.5% in the 2nd quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock valued at $140,000 after buying an additional 187 shares in the last quarter. D.A. Davidson & CO. grew its position in 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 buying an additional 16 shares in the last quarter. Riverhead Capital Management LLC grew its position in Advanced Energy Industries by 55.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock valued at $151,000 after buying an additional 831 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new position in Advanced Energy Industries in the 3rd quarter valued at about $202,000. Hedge funds and other institutional investors own 94.29% 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.

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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