Advanced Energy Industries (AEIS) Lifted to “Buy” at Zacks Investment Research

Advanced Energy Industries (NASDAQ:AEIS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm presently has a $78.00 price target on the electronics maker’s stock. Zacks Investment Research‘s target price suggests a potential upside of 18.18% from the company’s current price.

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 research firms have also issued reports on AEIS. ValuEngine lowered shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Needham & Company LLC increased their target price on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. KeyCorp reiterated a “hold” rating on shares of Advanced Energy Industries in a report on Sunday, October 15th. BidaskClub upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, 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 target price for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $84.60.

Advanced Energy Industries (AEIS) traded down $3.69 during midday trading on Monday, reaching $66.00. 714,549 shares of the company’s stock traded hands, compared to its average volume of 529,915. Advanced Energy Industries has a twelve month low of $60.59 and a twelve month high of $95.00. The stock has a market capitalization of $2,720.00, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Tuesday, January 30th. The electronics maker reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.09. Advanced Energy Industries had a net margin of 20.55% and a return on equity of 35.06%. The business had revenue of $179.21 million during the quarter, compared to analyst estimates of $177.07 million. During the same period in the prior year, the business posted $1.06 earnings per share. The company’s revenue was up 32.4% on a year-over-year basis. equities research analysts forecast that Advanced Energy Industries will post 4.76 earnings per share for the current year.

In other Advanced Energy Industries news, Director Grant H. Beard sold 10,000 shares of the firm’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick Ball sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.51, for a total transaction of $334,040.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,190 shares of company stock valued at $1,494,101. 1.13% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cerebellum GP LLC purchased a new stake in shares of Advanced Energy Industries during the fourth quarter valued at approximately $122,000. Advisory Services Network LLC grew its holdings 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 buying an additional 187 shares during the last quarter. D.A. Davidson & CO. grew its holdings 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 buying an additional 16 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings 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 buying an additional 756 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Advanced Energy Industries during the third quarter valued at approximately $202,000. 93.21% of the stock is owned by institutional investors and hedge funds.

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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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