Advanced Energy Industries (NASDAQ:AEIS) Earns “Hold” Rating from Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Advanced Energy Industries (NASDAQ:AEIS) in a report published on Wednesday, Benzinga reports.

Several other equities research analysts also recently weighed in on AEIS. Citigroup downgraded shares of Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 target price for the company. in a research report on Monday, July 15th. StockNews.com lowered shares of Advanced Energy Industries from a hold rating to a sell rating in a report on Thursday, May 2nd. Benchmark reaffirmed a buy rating and issued a $117.00 price target on shares of Advanced Energy Industries in a report on Thursday, May 2nd. Susquehanna reduced their target price on shares of Advanced Energy Industries from $95.00 to $90.00 and set a neutral rating for the company in a research note on Thursday, May 2nd. Finally, TD Cowen boosted their target price on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the company a hold rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $110.14.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $101.64 on Wednesday. The firm’s fifty day moving average price is $109.02 and its 200 day moving average price is $103.65. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 5.69 and a beta of 1.52. Advanced Energy Industries has a 12-month low of $81.86 and a 12-month high of $124.74. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.40.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.14. The company had revenue of $364.95 million during the quarter, compared to the consensus estimate of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.51%. The company’s revenue was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 EPS. On average, research analysts forecast that Advanced Energy Industries will post 2.33 EPS for the current fiscal year.

Institutional Trading of Advanced Energy Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in AEIS. Channing Capital Management LLC bought a new stake in shares of Advanced Energy Industries in the 4th quarter worth approximately $68,701,000. Norges Bank acquired a new stake in shares of Advanced Energy Industries during the fourth quarter valued at approximately $43,516,000. New York State Common Retirement Fund raised its holdings in shares of Advanced Energy Industries by 65.0% during the fourth quarter. New York State Common Retirement Fund now owns 372,623 shares of the electronics maker’s stock valued at $40,586,000 after acquiring an additional 146,832 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Advanced Energy Industries by 63.7% during the fourth quarter. Wells Fargo & Company MN now owns 369,438 shares of the electronics maker’s stock valued at $40,239,000 after acquiring an additional 143,692 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Advanced Energy Industries by 359.5% during the fourth quarter. BNP Paribas Financial Markets now owns 162,020 shares of the electronics maker’s stock valued at $17,647,000 after acquiring an additional 126,762 shares during the period. 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.