Advanced Energy Industries, Inc. (AEIS) Given Average Recommendation of “Hold” by Analysts

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $83.00.

Several equities research analysts recently weighed in on AEIS shares. Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Thursday, January 11th. BidaskClub lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. ValuEngine lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Friday, October 27th. KeyCorp restated a “hold” rating on shares of Advanced Energy Industries in a report on Sunday, October 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Advanced Energy Industries in a research report on Friday, October 13th.

Shares of Advanced Energy Industries (NASDAQ AEIS) opened at $75.58 on Friday. Advanced Energy Industries has a 1-year low of $56.07 and a 1-year high of $95.00. The firm has a market capitalization of $3,000.00, a P/E ratio of 14.76, a P/E/G ratio of 1.46 and a beta of 1.30.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.02. Advanced Energy Industries had a return on equity of 35.56% and a net margin of 33.76%. The firm had revenue of $176.60 million during the quarter, compared to analyst estimates of $165.77 million. During the same period in the previous year, the company earned $0.77 EPS. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. equities research analysts forecast that Advanced Energy Industries will post 4.27 EPS for the current year.

In other Advanced Energy Industries news, Director Grant H. Beard sold 10,000 shares of Advanced Energy Industries stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $71.86, for a total value of $718,600.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thomas O. Mcgimpsey sold 5,190 shares of Advanced Energy Industries stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $85.06, for a total value of $441,461.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,190 shares of company stock worth $1,494,101. Company insiders own 1.13% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Advanced Energy Industries by 57.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock valued at $168,000 after purchasing an additional 756 shares during the period. Advisory Services Network LLC increased its position in shares of Advanced Energy Industries by 9.5% during the second quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock valued at $140,000 after purchasing an additional 187 shares during the period. D.A. Davidson & CO. increased its position in shares of Advanced Energy Industries by 0.7% during the second quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock valued at $142,000 after purchasing an additional 16 shares during the period. Riverhead Capital Management LLC increased its position in shares of Advanced Energy Industries by 55.4% during the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock valued at $151,000 after purchasing an additional 831 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in shares of Advanced Energy Industries during the third quarter valued at approximately $202,000. 94.29% of the stock is currently owned by 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.

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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