Advanced Energy Industries (NASDAQ:AEIS – Get Rating) had its price target increased by research analysts at Needham & Company LLC from $100.00 to $105.00 in a report issued on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the electronics maker’s stock. Needham & Company LLC’s target price points to a potential upside of 11.41% from the stock’s previous close.
Several other analysts also recently weighed in on the stock. Raymond James dropped their target price on shares of Advanced Energy Industries from $112.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, July 12th. Loop Capital assumed coverage on shares of Advanced Energy Industries in a research report on Wednesday, June 22nd. They issued a “hold” rating and a $78.00 price target for the company. StockNews.com raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Monday, July 18th. Finally, TheStreet cut shares of Advanced Energy Industries from a “b” rating to a “c+” rating in a research report on Tuesday, May 24th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.00.
Advanced Energy Industries Stock Up 0.1 %
Shares of NASDAQ AEIS opened at $94.25 on Thursday. The company has a 50 day simple moving average of $78.81 and a 200-day simple moving average of $81.11. The company has a market capitalization of $3.52 billion, a P/E ratio of 25.07 and a beta of 1.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 2.24. Advanced Energy Industries has a 1 year low of $67.55 and a 1 year high of $98.00.
Insider Buying and Selling
In related news, Director Lanesha Minnix sold 725 shares of Advanced Energy Industries stock in a transaction on Monday, May 9th. The shares were sold at an average price of $75.81, for a total transaction of $54,962.25. Following the sale, the director now directly owns 4,896 shares in the company, valued at approximately $371,165.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.
Institutional Investors Weigh In On Advanced Energy Industries
Several hedge funds and other institutional investors have recently bought and sold shares of AEIS. Allspring Global Investments Holdings LLC acquired a new stake in Advanced Energy Industries during the 4th quarter worth $1,626,000. Yousif Capital Management LLC acquired a new position in Advanced Energy Industries in the fourth quarter valued at $3,165,000. Dupont Capital Management Corp acquired a new position in Advanced Energy Industries in the fourth quarter valued at $1,042,000. Qube Research & Technologies Ltd acquired a new position in Advanced Energy Industries in the fourth quarter valued at $539,000. Finally, Assenagon Asset Management S.A. acquired a new position in Advanced Energy Industries in the fourth quarter valued at $3,882,000. 97.42% of the stock is currently owned by institutional investors and hedge funds.
About Advanced Energy Industries
Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.
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