Advanced Energy Industries, Inc. (NASDAQ:AEIS) has received a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $72.60.

A number of research analysts have recently weighed in on the company. BidaskClub lowered Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. ValuEngine raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus initiated coverage on Advanced Energy Industries in a report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 target price on the stock. Finally, Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, July 10th.

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In other Advanced Energy Industries news, CEO Yuval Wasserman sold 15,743 shares of the stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $72.29, for a total transaction of $1,138,061.47. Following the transaction, the chief executive officer now owns 122,006 shares in the company, valued at $8,819,813.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas Liguori sold 16,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $73.64, for a total value of $1,178,240.00. The disclosure for this sale can be found here. Insiders have sold 35,743 shares of company stock worth $2,575,781 in the last quarter. 1.13% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Advanced Energy Industries by 3.1% during the second quarter. BlackRock Inc. now owns 5,127,265 shares of the electronics maker’s stock worth $331,682,000 after purchasing an additional 155,880 shares in the last quarter. Vanguard Group Inc. boosted its position in Advanced Energy Industries by 3.9% during the first quarter. Vanguard Group Inc. now owns 3,757,244 shares of the electronics maker’s stock worth $257,596,000 after purchasing an additional 141,520 shares in the last quarter. Bank of America Corp DE boosted its position in Advanced Energy Industries by 1.5% during the first quarter. Bank of America Corp DE now owns 1,568,110 shares of the electronics maker’s stock worth $107,510,000 after purchasing an additional 22,601 shares in the last quarter. State Street Corp boosted its position in Advanced Energy Industries by 4.1% during the second quarter. State Street Corp now owns 1,019,290 shares of the electronics maker’s stock worth $65,937,000 after purchasing an additional 40,286 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Advanced Energy Industries by 2.7% during the second quarter. Northern Trust Corp now owns 897,325 shares of the electronics maker’s stock worth $58,049,000 after purchasing an additional 24,006 shares in the last quarter. Institutional investors own 92.25% of the company’s stock.

Shares of Advanced Energy Industries (NASDAQ:AEIS) opened at 75.78 on Friday. The company has a market capitalization of $3.03 billion, a P/E ratio of 19.25 and a beta of 1.35. The firm’s 50 day moving average price is $72.06 and its 200-day moving average price is $71.32. Advanced Energy Industries has a 1-year low of $45.08 and a 1-year high of $86.25.

Advanced Energy Industries (NASDAQ:AEIS) last announced 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. The business had revenue of $165.95 million for the quarter, compared to analyst estimates of $155.72 million. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The company’s revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 earnings per share. Analysts expect that Advanced Energy Industries will post $4.59 EPS for the current year.

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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