Advanced Energy Industries (NASDAQ:AEIS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “Advanced Energy is a global leader in the development and support of technologies critical to high-technology, high-growth manufacturing processes used in the production of semiconductors, flat panel displays, data storage products, solar cells, architectural glass, and other advanced product applications. Leveraging a diverse product portfolio and technology leadership, Advanced Energy creates solutions that maximize process impact, improve productivity and lower the cost of ownership for its customers. This portfolio includes a comprehensive line of technology solutions in power, flow, thermal management, and plasma and ion beam sources for original equipment manufacturers and end-users around the world. Advanced Energy operates in regional centers in North America, Asia and Europe and offers global sales and support through direct offices, representatives and distributors, “

Several other equities analysts have also issued reports on the stock. DA Davidson began coverage on shares of Advanced Energy Industries in a report on Wednesday, January 10th. They set a “buy” rating and a $100.00 price objective on the stock. BidaskClub lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Friday, December 29th. ValuEngine lowered shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Needham & Company LLC lifted their price objective on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, KeyCorp reissued a “hold” rating on shares of Advanced Energy Industries in a report on Sunday, October 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Advanced Energy Industries has an average rating of “Hold” and a consensus target price of $81.83.

Shares of Advanced Energy Industries (NASDAQ AEIS) traded up $0.62 during mid-day trading on Monday, reaching $71.23. 459,100 shares of the company traded hands, compared to its average volume of 564,911. The stock has a market capitalization of $2,820.00, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 1.48 and a beta of 1.30. Advanced Energy Industries has a 12 month low of $55.76 and a 12 month high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Monday, October 30th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.02. The company had revenue of $176.60 million for the quarter, compared to analyst estimates of $165.77 million. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. Advanced Energy Industries’s revenue was up 39.5% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. equities research analysts forecast that Advanced Energy Industries will post 4.26 EPS for the current fiscal year.

In other news, Director Grant H. Beard sold 10,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $71.86, for a total transaction of $718,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yuval Wasserman sold 10,669 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $90.00, for a total transaction of $960,210.00. Following the sale, the chief executive officer now directly owns 130,259 shares in the company, valued at $11,723,310. The disclosure for this sale can be found here. Insiders sold 29,859 shares of company stock worth $2,454,311 over the last ninety days. Corporate insiders own 1.13% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Advanced Energy Industries by 3.1% during the second quarter. BlackRock Inc. now owns 5,127,265 shares of the electronics maker’s stock valued at $331,682,000 after buying an additional 155,880 shares during the last quarter. State Street Corp grew its holdings in shares of 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 valued at $65,937,000 after buying an additional 40,286 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Advanced Energy Industries by 2.7% during the second quarter. Northern Trust Corp now owns 897,325 shares of the electronics maker’s stock valued at $58,049,000 after buying an additional 24,006 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Advanced Energy Industries by 204.6% during the third quarter. Victory Capital Management Inc. now owns 775,433 shares of the electronics maker’s stock valued at $62,623,000 after buying an additional 520,884 shares during the last quarter. Finally, Koch Industries Inc. grew its holdings in shares of Advanced Energy Industries by 17,404.0% during the second quarter. Koch Industries Inc. now owns 633,120 shares of the electronics maker’s stock valued at $623,000 after buying an additional 629,503 shares during the last quarter. 94.29% of the stock is currently owned by hedge funds and other institutional investors.

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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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