Advanced Energy Industries Inc. (NASDAQ:AEIS)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $40.24 and last traded at $39.78, with a volume of 61,874 shares traded. The stock had previously closed at $40.00.

Several research firms recently issued reports on AEIS. Needham & Company LLC lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Monday, April 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a research report on Wednesday, May 4th. Susquehanna lowered Advanced Energy Industries from a “positive” rating to a “neutral” rating in a research report on Tuesday, April 19th. Bank of America Corp. lowered Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research report on Wednesday, April 20th. They noted that the move was a valuation call. Finally, Raymond James Financial Inc. lowered Advanced Energy Industries from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 14th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $37.00.

The firm’s market cap is $1.57 billion. The firm has a 50 day moving average price of $38.24 and a 200 day moving average price of $33.31.

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

Several large investors have recently bought and sold shares of the company. 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. KBC Group NV increased its stake in Advanced Energy Industries by 19.6% in the fourth quarter. KBC Group NV now owns 54,851 shares of the company’s stock worth $1,548,000 after buying an additional 8,986 shares in the last quarter. Marshall Wace LLP purchased a new stake in Advanced Energy Industries during the fourth quarter worth approximately $1,561,000. 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. Finally, Bank of Montreal Can increased its stake 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 worth $2,358,000 after buying an additional 59,879 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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