Advanced Energy Industries Inc. (NASDAQ:AEIS)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $45.41, but opened at $45.47. Advanced Energy Industries shares last traded at $46.30, with a volume of 264,780 shares traded.

A number of equities analysts have recently commented on AEIS shares. Dougherty & Co raised their price objective on Advanced Energy Industries from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Zacks Investment Research downgraded Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 5th. Raymond James Financial Inc. downgraded Advanced Energy Industries from an “outperform” rating to a “market perform” rating in a report on Thursday, July 14th. Finally, Citigroup Inc. downgraded Advanced Energy Industries to a “market perform” rating in a report on Thursday, July 14th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.20.

The company’s 50 day moving average is $43.42 and its 200 day moving average is $37.84. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 17.599 and a beta of 1.02.

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Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. Advanced Energy Industries had a return on equity of 28.45% and a net margin of 24.01%. The business had revenue of $118.80 million for the quarter, compared to the consensus estimate of $111.52 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. Advanced Energy Industries’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts predict that Advanced Energy Industries Inc. will post $2.73 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fiera Capital Corp acquired a new position in shares of Advanced Energy Industries during the second quarter worth $25,431,000. Vanguard Group Inc. increased its position in shares of Advanced Energy Industries by 13.0% in the second quarter. Vanguard Group Inc. now owns 3,539,457 shares of the company’s stock worth $134,358,000 after buying an additional 406,306 shares in the last quarter. Norges Bank acquired a new position in shares of Advanced Energy Industries during the fourth quarter worth $10,259,000. Credit Agricole S A increased its position in shares of Advanced Energy Industries by 746.2% in the first quarter. Credit Agricole S A now owns 330,000 shares of the company’s stock worth $11,481,000 after buying an additional 291,000 shares in the last quarter. Finally, Columbus Circle Investors increased its position in shares of Advanced Energy Industries by 60.1% in the second quarter. Columbus Circle Investors now owns 653,455 shares of the company’s stock worth $24,805,000 after buying an additional 245,241 shares in the last quarter. Institutional investors and hedge funds own 96.84% of the company’s stock.

About Advanced Energy Industries

Advanced Energy Industries, Inc provides precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions, used in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

5 Day Chart for NASDAQ:AEIS

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