Advanced Energy Industries Inc. (NASDAQ:AEIS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.97 and last traded at $40.67, with a volume of 56,857 shares. The stock had previously closed at $40.51.

Several equities research analysts have recently issued reports on AEIS shares. Susquehanna downgraded shares of Advanced Energy Industries from a “positive” rating to a “neutral” rating in a research note on Tuesday, April 19th. Raymond James Financial Inc. downgraded shares of Advanced Energy Industries from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 14th. Needham & Company LLC downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Monday, April 18th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Finally, Bank of America Corp. cut Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research report on Wednesday, April 20th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $38.80.

The stock’s 50-day moving average price is $38.49 and its 200 day moving average price is $33.72. The company’s market capitalization is $1.63 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 analysts’ consensus estimates of $0.48 by $0.08. The company had revenue of $103 million for the quarter, compared to the consensus estimate of $95.89 million. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Equities analysts anticipate that Advanced Energy Industries Inc. will post $2.45 EPS for the current year.

Other large investors recently made changes to their positions in the company. Globeflex Capital L P boosted its stake 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. KBC Group NV raised its position 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 during the last quarter. Marshall Wace LLP acquired a new position in Advanced Energy Industries during the fourth quarter worth $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 worth $1,748,000 after buying an additional 2,260 shares during the last quarter. 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 worth $2,358,000 after buying an additional 59,879 shares during 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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