Advanced Energy Industries CFO Sells $950,397 in Stock (AEIS)
Advanced Energy Industries (NASDAQ:AEIS) CFO Danny C. Herron sold 35,810 shares of Advanced Energy Industries stock on the open market in a transaction dated Thursday, January 16th. The stock was sold at an average price of $26.54, for a total transaction of $950,397.40. Following the sale, the chief financial officer now directly owns 25,849 shares of the company’s stock, valued at approximately $686,032. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Advanced Energy Industries (NASDAQ:AEIS) traded up 6.30% during mid-day trading on Thursday, hitting $27.16. 1,038,239 shares of the company’s stock traded hands. Advanced Energy Industries has a 1-year low of $14.00 and a 1-year high of $27.74. The stock’s 50-day moving average is $22.93 and its 200-day moving average is $20.84. The company has a market cap of $1.086 billion and a price-to-earnings ratio of 464.55.
Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Tuesday, November 5th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.20. The company had revenue of $142.90 million for the quarter, compared to the consensus estimate of $146.61 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 21.6% on a year-over-year basis. Analysts expect that Advanced Energy Industries will post $0.43 EPS for the current fiscal year.
AEIS has been the subject of a number of recent research reports. Analysts at Needham & Company raised their price target on shares of Advanced Energy Industries from $27.00 to $30.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Advanced Energy Industries from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 9th. They now have a $26.60 price target on the stock. Finally, analysts at Susquehanna downgraded shares of Advanced Energy Industries from a “positive” rating to a “neutral” rating in a research note to investors on Monday, November 11th. They now have a $27.00 price target on the stock, down previously from $28.00. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.80.
Advanced Energy Industries, Inc (NASDAQ:AEIS) designs, manufactures, sells, and supports power conversion products that transform power into various usable forms.
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