Advanced Energy Industries Inc. (NASDAQ:AEIS) was down 2.1% during trading on Thursday . The stock traded as low as $38.00 and last traded at $39.08, with a volume of 153,175 shares. The stock had previously closed at $39.90.

Several equities research analysts have recently commented on AEIS shares. Susquehanna lifted their price target on shares of Advanced Energy Industries from $35.00 to $39.00 in a research report on Tuesday, March 29th. Needham & Company LLC cut 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. cut shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a report on Wednesday, April 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a report on Wednesday, May 4th. Finally, Citigroup Inc. cut shares of Advanced Energy Industries to a “market perform” rating in a report on Thursday. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $37.00.

The firm’s market cap is $1.54 billion. The company has a 50 day moving average price of $37.95 and a 200 day moving average price of $32.86.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in 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. California Public Employees Retirement System increased its stake in Advanced Energy Industries by 1.0% in the fourth quarter. California Public Employees Retirement System now owns 285,800 shares of the company’s stock worth $8,068,000 after buying an additional 2,700 shares in the last quarter. Globeflex Capital L P increased its stake 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 worth $1,003,000 after buying an additional 3,114 shares in the last quarter. New York State Common Retirement Fund increased its stake in Advanced Energy Industries by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 482,187 shares of the company’s stock worth $13,612,000 after buying an additional 6,600 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Advanced Energy Industries by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 277,878 shares of the company’s stock worth $7,845,000 after buying an additional 8,713 shares in the last quarter.

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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