Shares of Advanced Energy Industries Inc. (NASDAQ:AEIS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $39.04 and last traded at $38.75, with a volume of 109,843 shares trading hands. The stock had previously closed at $38.44.

A number of analysts have recently issued reports on AEIS shares. Susquehanna raised their price target on shares of Advanced Energy Industries from $35.00 to $39.00 in a report on Tuesday, March 29th. Needham & Company LLC downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Monday, April 18th. They noted that the move was a valuation call. Bank of America Corp. downgraded shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a report on Wednesday, April 20th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $37.00.

The company has a 50 day moving average price of $37.61 and a 200-day moving average price of $32.58. The stock’s market cap is $1.53 billion.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, May 2nd. The company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. The firm earned $103 million during the quarter, compared to the consensus estimate of $95.89 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities analysts forecast that Advanced Energy Industries Inc. will post $2.45 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the company. Globeflex Capital L P increased its position in shares of Advanced Energy Industries by 9.6% in the fourth quarter. Globeflex Capital L P now owns 35,547 shares of the company’s stock worth $1,003,000 after buying an additional 3,114 shares in the last quarter. Chicago Equity Partners LLC increased its position in shares of Advanced Energy Industries by 24.2% in the fourth quarter. Chicago Equity Partners LLC now owns 45,621 shares of the company’s stock worth $1,288,000 after buying an additional 8,890 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Advanced Energy Industries during the fourth quarter worth approximately $1,561,000. Rhumbline Advisers increased its position in shares of Advanced Energy Industries by 3.8% in the fourth quarter. Rhumbline Advisers now owns 61,903 shares of the company’s stock worth $1,748,000 after buying an additional 2,260 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Advanced Energy Industries by 253.5% in the fourth quarter. Bank of Montreal Can now owns 83,502 shares of the company’s stock worth $2,358,000 after buying an additional 59,879 shares in the last quarter.

Advanced Energy Industries Inc is a provider of highly-engineered, mission-critical, 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 usable forms in various applications ranging from manufacturing and industrial processes to instrumentation and test and measurement.

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