StockNews.com Lowers Advanced Energy Industries (NASDAQ:AEIS) to Hold

Advanced Energy Industries (NASDAQ:AEIS – Get Rating) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

AEIS has been the subject of a number of other reports. Loop Capital initiated coverage on Advanced Energy Industries in a research report on Wednesday. They issued a “hold” rating and a $78.00 price target for the company. Needham & Company LLC dropped their price target on Advanced Energy Industries from $120.00 to $100.00 in a research report on Thursday, May 5th. Finally, TheStreet lowered Advanced Energy Industries from a “b” rating to a “c+” rating in a research report on Tuesday, May 24th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Moderate Buy” and a consensus price target of $103.09.

NASDAQ:AEIS traded up $0.34 during trading hours on Thursday, hitting $72.21. 184,961 shares of the stock were exchanged, compared to its average volume of 205,825. Advanced Energy Industries has a 52-week low of $68.65 and a 52-week high of $114.73. The firm’s fifty day moving average price is $77.18 and its 200 day moving average price is $83.17. The company has a current ratio of 3.23, a quick ratio of 2.24 and a debt-to-equity ratio of 0.41. The company has a market cap of $2.71 billion, a P/E ratio of 20.69 and a beta of 1.61.

Advanced Energy Industries (NASDAQ:AEIS – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The electronics maker reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.31. The business had revenue of $397.46 million during the quarter, compared to analyst estimates of $360.57 million. Advanced Energy Industries had a return on equity of 19.47% and a net margin of 8.85%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.18 earnings per share. Equities analysts expect that Advanced Energy Industries will post 4.91 EPS for the current fiscal year.

In other Advanced Energy Industries news, Director Lanesha Minnix sold 725 shares of the company’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $75.81, for a total transaction of $54,962.25. Following the transaction, the director now directly owns 4,896 shares in the company, valued at $371,165.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AEIS. Confluence Wealth Services Inc. acquired a new stake in shares of Advanced Energy Industries in the fourth quarter valued at $26,000. Signaturefd LLC raised its stake in Advanced Energy Industries by 88.7% in the first quarter. Signaturefd LLC now owns 366 shares of the electronics maker’s stock valued at $32,000 after buying an additional 172 shares in the last quarter. Covestor Ltd acquired a new stake in Advanced Energy Industries in the fourth quarter valued at $38,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Advanced Energy Industries in the fourth quarter valued at $39,000. Finally, Prospera Financial Services Inc acquired a new stake in Advanced Energy Industries in the first quarter valued at $42,000. Institutional investors and hedge funds own 97.42% of the company’s stock.

Advanced Energy Industries Company Profile (Get Rating)

Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.

See Also