Advanced Energy Industries (AEIS) Rating Lowered to Sell at BidaskClub

Advanced Energy Industries (NASDAQ:AEIS) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

A number of other research firms also recently issued reports on AEIS. ValuEngine downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Needham & Company LLC boosted their price target on Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. KeyCorp reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Friday, November 3rd. Finally, DA Davidson assumed coverage on Advanced Energy Industries in a research report on Wednesday, January 10th. They set a “buy” rating and a $100.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $84.60.

Advanced Energy Industries (NASDAQ:AEIS) traded up $2.10 during trading on Thursday, reaching $64.50. The company had a trading volume of 685,073 shares, compared to its average volume of 500,411. Advanced Energy Industries has a 52-week low of $60.84 and a 52-week high of $95.00. The firm has a market capitalization of $2,557.88, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.51 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 Zacks’ consensus estimate of $1.22 by $0.09. Advanced Energy Industries had a return on equity of 35.06% and a net margin of 20.55%. The firm had revenue of $179.21 million during the quarter, compared to the consensus estimate of $177.07 million. During the same quarter in the previous year, the business earned $1.06 earnings per share. The firm’s quarterly revenue was up 32.4% compared to the same quarter last year. research analysts forecast that Advanced Energy Industries will post 4.76 earnings per share for the current fiscal year.

In other news, Director Grant H. Beard sold 10,000 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is available at this hyperlink. 1.13% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of Advanced Energy Industries by 4.1% in the second quarter. State Street Corp now owns 1,019,290 shares of the electronics maker’s stock worth $65,937,000 after buying an additional 40,286 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Advanced Energy Industries in the third quarter worth about $3,467,000. Cortina Asset Management LLC purchased a new stake in shares of Advanced Energy Industries in the third quarter worth about $18,683,000. ARP Americas LLC purchased a new stake in shares of Advanced Energy Industries in the third quarter worth about $300,000. Finally, First Trust Advisors LP boosted its holdings in Advanced Energy Industries by 22.2% in the third quarter. First Trust Advisors LP now owns 87,527 shares of the electronics maker’s stock valued at $7,069,000 after purchasing an additional 15,901 shares during the last quarter. 93.21% of the stock is 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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