Advanced Energy Industries (AEIS) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a sell rating to a hold rating in a research report report published on Tuesday.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Advanced Energy Industries from a hold rating to a buy rating and set a $76.00 price objective for the company in a research report on Thursday, January 11th. ValuEngine lowered shares of Advanced Energy Industries from a buy rating to a hold rating in a research report on Friday, October 27th. KeyCorp restated a hold rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Needham & Company LLC restated a buy rating on shares of Advanced Energy Industries in a research report on Friday, October 13th. Finally, 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 objective for the company. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Advanced Energy Industries currently has a consensus rating of Hold and a consensus price target of $81.83.

Advanced Energy Industries (NASDAQ AEIS) opened at $77.53 on Tuesday. The stock has a market cap of $2,997.30, a PE ratio of 14.71, a P/E/G ratio of 1.54 and a beta of 1.30. Advanced Energy Industries has a 12-month low of $56.07 and a 12-month high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.02. The firm had revenue of $176.60 million during the quarter, compared to analyst estimates of $165.77 million. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. Advanced Energy Industries’s revenue was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. sell-side analysts expect that Advanced Energy Industries will post 4.27 earnings per share for the current year.

In other news, Director Frederick Ball sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.51, for a total transaction of $334,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas O. Mcgimpsey sold 5,190 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $85.06, for a total transaction of $441,461.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,190 shares of company stock valued at $1,494,101. Insiders own 1.13% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC lifted its stake in Advanced Energy Industries by 9.5% during the second 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. lifted its stake in Advanced Energy Industries by 0.7% during the second 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 lifted its stake in Advanced Energy Industries by 55.4% during the second 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. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Advanced Energy Industries by 57.2% during the third 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. Finally, Macquarie Group Ltd. purchased a new stake in Advanced Energy Industries during the third quarter valued at about $202,000. 94.29% of the stock is owned by institutional investors.

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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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