Advanced Energy Industries (NASDAQ:AEIS) Stock Rating Lowered by Susquehanna Bancshares

Susquehanna Bancshares cut shares of Advanced Energy Industries (NASDAQ:AEIS) from a positive rating to a neutral rating in a report issued on Tuesday, Stock Target Advisor reports. They currently have $100.00 target price on the electronics maker’s stock, down from their previous target price of $112.00.

AEIS has been the subject of a number of other reports. Needham & Company LLC downgraded Advanced Energy Industries from a buy rating to a hold rating in a research note on Thursday, August 5th. Susquehanna downgraded Advanced Energy Industries from a positive rating to a neutral rating and cut their price target for the company from $112.00 to $100.00 in a research note on Tuesday. Zacks Investment Research downgraded Advanced Energy Industries from a hold rating to a sell rating and set a $98.00 price objective for the company. in a research note on Monday, May 17th. DA Davidson cut their price objective on Advanced Energy Industries from $135.00 to $120.00 and set a buy rating for the company in a research note on Thursday, August 5th. Finally, Cowen cut their price objective on Advanced Energy Industries from $120.00 to $105.00 and set a market perform rating for the company in a research note on Wednesday, August 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $110.11.

AEIS opened at $87.05 on Tuesday. Advanced Energy Industries has a 1 year low of $57.04 and a 1 year high of $125.55. The stock has a 50-day moving average price of $92.48 and a 200-day moving average price of $101.34. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.93 and a quick ratio of 2.14. The firm has a market cap of $3.34 billion, a PE ratio of 20.73 and a beta of 1.75.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Tuesday, August 3rd. The electronics maker reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.02). Advanced Energy Industries had a return on equity of 25.03% and a net margin of 10.96%. The business had revenue of $361.31 million during the quarter, compared to analysts’ expectations of $360.80 million. During the same period last year, the firm posted $1.18 EPS. Advanced Energy Industries’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Advanced Energy Industries will post 4.16 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Monday, August 23rd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 20th. This represents a $0.40 annualized dividend and a yield of 0.46%. Advanced Energy Industries’s payout ratio is presently 8.02%.

A number of large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its holdings in Advanced Energy Industries by 12.9% during the 1st quarter. IFP Advisors Inc now owns 953 shares of the electronics maker’s stock valued at $104,000 after buying an additional 109 shares during the period. CWM Advisors LLC grew its position in Advanced Energy Industries by 3.1% in the 2nd quarter. CWM Advisors LLC now owns 3,828 shares of the electronics maker’s stock valued at $431,000 after acquiring an additional 116 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Advanced Energy Industries by 0.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 33,069 shares of the electronics maker’s stock valued at $3,726,000 after acquiring an additional 135 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Advanced Energy Industries by 19.9% in the 2nd quarter. Exchange Traded Concepts LLC now owns 880 shares of the electronics maker’s stock valued at $99,000 after acquiring an additional 146 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Advanced Energy Industries by 1.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 13,195 shares of the electronics maker’s stock valued at $1,440,000 after acquiring an additional 147 shares during the last quarter. Institutional investors own 95.85% of the company’s stock.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc engages in the provision of precision power conversion, measurement, and control solutions. It offers products used in complex semiconductor and thin film plasma processes such as dry etch, strip, chemical and physical deposition; high and low voltage applications such as process control, analytical instrumentation and medical equipment; and in temperature-critical thermal applications such as material and chemical processing.

Further Reading: Liquidity

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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