Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have received a consensus recommendation of “Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $72.25.
A number of equities analysts recently commented on AEIS shares. Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, July 10th. BidaskClub cut Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, ValuEngine upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
Advanced Energy Industries (AEIS) traded up 2.48% on Friday, reaching $71.17. The company’s stock had a trading volume of 343,015 shares. Advanced Energy Industries has a 52-week low of $41.15 and a 52-week high of $86.25. The firm has a 50-day moving average price of $70.40 and a 200 day moving average price of $69.34. The firm has a market capitalization of $2.84 billion, a P/E ratio of 18.08 and a beta of 1.34.
Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.15. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The business had revenue of $165.95 million during the quarter, compared to analysts’ expectations of $155.72 million. During the same quarter last year, the company posted $0.73 earnings per share. Advanced Energy Industries’s quarterly revenue was up 39.7% on a year-over-year basis. Equities analysts anticipate that Advanced Energy Industries will post $4.59 earnings per share for the current fiscal year.
In other news, CEO Yuval Wasserman sold 12,281 shares of Advanced Energy Industries stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $80.00, for a total value of $982,480.00. Following the completion of the sale, the chief executive officer now directly owns 130,349 shares in the company, valued at $10,427,920. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Thomas O. Mcgimpsey sold 29,772 shares of Advanced Energy Industries stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $77.04, for a total transaction of $2,293,634.88. Following the completion of the sale, the executive vice president now owns 53,456 shares of the company’s stock, valued at $4,118,250.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,796 shares of company stock valued at $6,836,106. 1.13% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in AEIS. FMR LLC increased its position in shares of Advanced Energy Industries by 97.8% in the fourth quarter. FMR LLC now owns 17,700 shares of the electronics maker’s stock valued at $969,000 after buying an additional 8,750 shares in the last quarter. Norges Bank purchased a new position in shares of Advanced Energy Industries during the fourth quarter valued at approximately $24,474,000. Teachers Advisors LLC increased its position in shares of Advanced Energy Industries by 0.6% in the fourth quarter. Teachers Advisors LLC now owns 282,169 shares of the electronics maker’s stock valued at $15,449,000 after buying an additional 1,725 shares in the last quarter. Creative Planning increased its position in shares of Advanced Energy Industries by 83.3% in the first quarter. Creative Planning now owns 2,421 shares of the electronics maker’s stock valued at $166,000 after buying an additional 1,100 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Advanced Energy Industries by 120.3% in the first quarter. Bank of Montreal Can now owns 18,494 shares of the electronics maker’s stock valued at $1,268,000 after buying an additional 10,100 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.
Advanced Energy Industries Company Profile
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.
Receive News & Ratings for Advanced Energy Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries Inc. and related companies with our FREE daily email newsletter.