BidaskClub upgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a sell rating to a hold rating in a report released on Tuesday morning.

A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Advanced Energy Industries from a buy rating to a hold rating in a research report on Monday, January 15th. DA Davidson began coverage on shares of Advanced Energy Industries in a research report on Wednesday, January 10th. They issued a buy rating and a $100.00 price target for the company. ValuEngine lowered shares of Advanced Energy Industries from a buy rating to a hold rating in a research report on Thursday, November 30th. Needham & Company LLC increased their price target on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the stock a buy rating in a research report on Tuesday, October 31st. Finally, KeyCorp reissued a hold rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $81.83.

Shares of Advanced Energy Industries (AEIS) opened at $77.53 on Tuesday. Advanced Energy Industries has a 52 week low of $56.07 and a 52 week high of $95.00. The company has a market cap of $2,997.30, a PE ratio of 14.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly 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. The business had revenue of $176.60 million during the quarter, compared to analyst estimates of $165.77 million. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. The firm’s revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. sell-side analysts predict that Advanced Energy Industries will post 4.27 EPS for the current fiscal year.

In related news, Director Grant H. Beard sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $71.86, for a total transaction of $718,600.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas O. Mcgimpsey sold 5,190 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $85.06, for a total transaction of $441,461.40. The disclosure for this sale can be found here. Insiders sold 19,190 shares of company stock valued at $1,494,101 over the last three months. 1.13% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised its position in Advanced Energy Industries by 4.1% during the second quarter. State Street Corp now owns 1,019,290 shares of the electronics maker’s stock valued at $65,937,000 after acquiring an additional 40,286 shares in the last quarter. WINTON GROUP Ltd bought a new position in Advanced Energy Industries during the third quarter valued at approximately $3,467,000. Cortina Asset Management LLC bought a new position in Advanced Energy Industries during the third quarter valued at approximately $18,683,000. Laurion Capital Management LP bought a new position in Advanced Energy Industries during the second quarter valued at approximately $2,803,000. Finally, ARP Americas LLC bought a new position in Advanced Energy Industries during the third quarter valued at approximately $300,000. 94.29% of the stock is currently owned by hedge funds and other institutional investors.

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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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