Advanced Energy Industries, Inc. (NASDAQ:AEIS) had its price objective boosted by analysts at Needham & Company LLC from $93.00 to $97.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the electronics maker’s stock. Needham & Company LLC’s price objective suggests a potential upside of 3.59% from the company’s previous close.

A number of other equities research analysts have also commented on AEIS. ValuEngine lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Friday. KeyCorp reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Zacks Investment Research lowered Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Stifel Nicolaus began coverage on Advanced Energy Industries in a research report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 price target for the company. Finally, BidaskClub lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Advanced Energy Industries presently has a consensus rating of “Buy” and a consensus target price of $78.00.

Advanced Energy Industries (AEIS) traded down 7.9318% during mid-day trading on Tuesday, hitting $86.2127. 1,449,980 shares of the stock were exchanged. The stock has a 50 day moving average price of $82.76 and a 200 day moving average price of $75.48. The company has a market capitalization of $3.44 billion, a PE ratio of 21.9036 and a beta of 1.38. Advanced Energy Industries has a 1-year low of $46.39 and a 1-year high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The company had revenue of $176.60 million for the quarter, compared to analysts’ expectations of $165.77 million. During the same period last year, the business earned $0.77 EPS. Advanced Energy Industries’s quarterly revenue was up 39.5% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Energy Industries will post $4.60 earnings per share for the current fiscal year.

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In related news, CFO Thomas Liguori sold 16,000 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $73.64, for a total value of $1,178,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yuval Wasserman sold 11,744 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $75.09, for a total value of $881,856.96. Following the completion of the sale, the chief executive officer now directly owns 127,396 shares of the company’s stock, valued at $9,566,165.64. The disclosure for this sale can be found here. Insiders sold a total of 61,413 shares of company stock valued at $4,975,307 over the last three months. 1.13% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in AEIS. BlackRock Inc. increased its position in shares of Advanced Energy Industries by 117,677.4% during the 1st quarter. BlackRock Inc. now owns 4,971,385 shares of the electronics maker’s stock valued at $340,838,000 after purchasing an additional 4,967,164 shares during the last quarter. Koch Industries Inc. increased its position in shares of Advanced Energy Industries by 17,404.0% during the 2nd quarter. Koch Industries Inc. now owns 633,120 shares of the electronics maker’s stock valued at $623,000 after purchasing an additional 629,503 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Advanced Energy Industries by 204.6% during the 3rd quarter. Victory Capital Management Inc. now owns 775,433 shares of the electronics maker’s stock valued at $62,623,000 after purchasing an additional 520,884 shares during the last quarter. AJO LP increased its position in shares of Advanced Energy Industries by 883.6% during the 2nd quarter. AJO LP now owns 284,774 shares of the electronics maker’s stock valued at $18,422,000 after purchasing an additional 255,821 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Advanced Energy Industries by 787.7% during the 2nd quarter. Bank of Montreal Can now owns 164,164 shares of the electronics maker’s stock valued at $10,620,000 after purchasing an additional 145,670 shares during the last quarter. 91.90% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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