Advanced Energy Industries (NASDAQ:AEIS) Receives Buy Rating from Needham & Company LLC

Advanced Energy Industries (NASDAQ:AEIS)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports. They presently have a $145.00 target price on the electronics maker’s stock. Needham & Company LLC’s target price points to a potential upside of 30.43% from the company’s current price.

A number of other equities research analysts have also recently commented on AEIS. TD Cowen reduced their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Monday, December 16th. Robert W. Baird cut their price target on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.11.

Advanced Energy Industries Trading Down 0.2 %

AEIS opened at $111.17 on Thursday. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. Advanced Energy Industries has a 52 week low of $89.11 and a 52 week high of $130.50. The business’s 50 day moving average is $117.11 and its two-hundred day moving average is $110.41. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 97.52, a price-to-earnings-growth ratio of 3.60 and a beta of 1.45.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. On average, research analysts predict that Advanced Energy Industries will post 2.52 EPS for the current year.

Insider Transactions at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the sale, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Advanced Energy Industries

A number of hedge funds and other institutional investors have recently modified their holdings of AEIS. Nisa Investment Advisors LLC grew its holdings in shares of Advanced Energy Industries by 1.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock worth $579,000 after acquiring an additional 85 shares during the period. Integrated Investment Consultants LLC boosted its position in Advanced Energy Industries by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker’s stock worth $531,000 after purchasing an additional 100 shares in the last quarter. Stifel Financial Corp grew its holdings in Advanced Energy Industries by 1.0% in the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock valued at $1,132,000 after purchasing an additional 102 shares during the last quarter. Heritage Family Offices LLP increased its position in shares of Advanced Energy Industries by 6.1% in the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker’s stock valued at $233,000 after buying an additional 116 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Advanced Energy Industries by 5.5% during 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 during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

About Advanced Energy Industries

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.