Advanced Energy Industries Inc. (NASDAQ:AEIS) shares hit a new 52-week high during 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 research analysts recently commented on AEIS shares. Susquehanna downgraded Advanced Energy Industries from a “positive” rating to a “neutral” rating in a report on Tuesday, April 19th. Needham & Company LLC downgraded 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 Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a report on Wednesday, April 20th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “strong-buy” rating and set a $40.00 price target for the company in a report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Advanced Energy Industries currently has a consensus rating of “Hold” and an average target price of $37.00.

The stock’s 50 day moving average is $37.80 and its 200 day moving average is $32.76. The stock’s market cap is $1.55 billion.

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

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

Advanced Energy Industries, Inc provides precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions, used in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

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