Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have been given a consensus recommendation of “Buy” by the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $72.25.

A number of research analysts have weighed in on the stock. BidaskClub cut shares of Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. ValuEngine raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Advanced Energy Industries from a “hold” rating to a “strong-buy” rating and set a $86.00 price objective for the company in a report on Monday, May 8th.

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Advanced Energy Industries (AEIS) opened at 70.10 on Tuesday. Advanced Energy Industries has a one year low of $43.29 and a one year high of $86.25. The company has a market cap of $2.80 billion, a P/E ratio of 17.81 and a beta of 1.34. The company has a 50-day moving average of $71.16 and a 200 day moving average of $70.01.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.15. Advanced Energy Industries had a net margin of 27.42% and a return on equity of 36.19%. The company had revenue of $165.95 million during the quarter, compared to analysts’ expectations of $155.72 million. During the same quarter in the previous year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. Analysts anticipate that Advanced Energy Industries will post $4.59 earnings per share for the current year.

In other news, EVP Thomas O. Mcgimpsey sold 29,772 shares of Advanced Energy Industries stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $77.04, for a total value of $2,293,634.88. Following the sale, the executive vice president now owns 53,456 shares in the company, valued at $4,118,250.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward C. Grady sold 6,000 shares of Advanced Energy Industries stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $80.02, for a total transaction of $480,120.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,796 shares of company stock worth $5,533,226. Company insiders own 1.13% of the company’s stock.

Several hedge funds have recently made changes to their positions in AEIS. DekaBank Deutsche Girozentrale bought a new stake in shares of Advanced Energy Industries during the first quarter valued at about $130,000. Meeder Asset Management Inc. raised its position in Advanced Energy Industries by 797.2% in the first quarter. Meeder Asset Management Inc. now owns 1,947 shares of the electronics maker’s stock worth $133,000 after buying an additional 1,730 shares during the last quarter. Advisory Services Network LLC acquired a new position in Advanced Energy Industries during the first quarter worth $135,000. D.A. Davidson & CO. raised its position in Advanced Energy Industries by 0.7% in the second quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock worth $142,000 after buying an additional 16 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in Advanced Energy Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock worth $151,000 after buying an additional 831 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

About Advanced Energy Industries

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.

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