Advanced Energy Industries Inc. (NASDAQ:AEIS)’s share price reached a new 52-week high on Friday . The stock traded as high as $43.83 and last traded at $43.67, with a volume of 219,812 shares trading hands. The stock had previously closed at $42.28.

Several equities analysts have weighed in on AEIS shares. Dougherty & Co raised their price target on Advanced Energy Industries from $38.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Raymond James Financial Inc. cut Advanced Energy Industries from an “outperform” rating to a “market perform” rating in a report on Thursday, July 14th. Zacks Investment Research cut Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Citigroup Inc. cut Advanced Energy Industries to a “market perform” rating in a report on Thursday, July 14th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $40.20.

The stock has a 50 day moving average price of $40.13 and a 200 day moving average price of $35.28. The firm has a market capitalization of $1.74 billion and a PE ratio of 16.82.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, August 1st. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. During the same period in the previous year, the company posted $0.43 EPS. The business earned $118.80 million during the quarter, compared to analyst estimates of $111.52 million. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Advanced Energy Industries Inc. will post $2.71 earnings per share for the current fiscal year.

Other institutional investors have added to or reduced their stakes in the company. KBC Group NV boosted 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 boosted 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 boosted 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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