Advanced Energy Industries (NASDAQ:AEIS) Price Target Raised to $135.00 at Stifel Nicolaus

Advanced Energy Industries (NASDAQ:AEIS) had its price target lifted by Stifel Nicolaus from $130.00 to $135.00 in a report published on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the electronics maker’s stock.

AEIS has been the topic of several other reports. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Robert W. Baird decreased their target price on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating on the stock in a research report on Thursday. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Benchmark reiterated a “buy” rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Finally, Bank of America raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.56.

Advanced Energy Industries Price Performance

Shares of NASDAQ:AEIS opened at $123.49 on Thursday. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 108.33, a PEG ratio of 3.60 and a beta of 1.45. The business has a 50 day moving average price of $117.29 and a 200 day moving average price of $110.50. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. Advanced Energy Industries has a twelve month low of $89.11 and a twelve month high of $130.50.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. Research analysts predict that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Monday, February 24th. Advanced Energy Industries’s dividend payout ratio is 35.09%.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the sale, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Advanced Energy Industries

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Advanced Energy Industries during the fourth quarter worth about $68,949,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Advanced Energy Industries in the 3rd quarter worth approximately $12,306,000. Raymond James Financial Inc. bought a new stake in Advanced Energy Industries during the 4th quarter worth approximately $9,864,000. Vanguard Group Inc. increased its holdings in Advanced Energy Industries by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker’s stock valued at $568,168,000 after purchasing an additional 69,908 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new position in Advanced Energy Industries in the 4th quarter valued at $8,002,000. 99.67% of the stock is owned by institutional investors.

About Advanced Energy Industries

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.