Advanced Energy Industries Inc. (NASDAQ:AEIS) shares traded up 1.3% during mid-day trading on Wednesday . The stock traded as high as $42.22 and last traded at $42.12, with a volume of 84,898 shares traded. The stock had previously closed at $41.56.

Several research analysts recently issued reports on the stock. Raymond James Financial Inc. lowered shares of Advanced Energy Industries from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 14th. Citigroup Inc. lowered shares of Advanced Energy Industries to a “market perform” rating in a research report on Thursday, July 14th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Dougherty & Co upped their price target on shares of Advanced Energy Industries from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Finally, Bank of America Corp. lowered shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research report on Wednesday, April 20th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $40.20.

The company’s 50-day moving average is $39.79 and its 200 day moving average is $35.18. The stock has a market capitalization of $1.66 billion and a PE ratio of 16.07.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm had revenue of $118.80 million for the quarter, compared to the consensus estimate of $111.52 million. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, analysts predict that Advanced Energy Industries Inc. will post $2.71 EPS for the current year.

Other hedge funds recently made changes to their positions in the company. KBC Group NV increased its stake in shares of 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 bought a new stake in shares of Advanced Energy Industries during the fourth quarter worth about $1,561,000. Bank of Montreal Can increased its stake 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. Finally, Rhumbline Advisers increased its stake 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.

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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