Advanced Energy Industries (NASDAQ:AEIS) PT Lowered to $90.00 at Susquehanna

Advanced Energy Industries (NASDAQ:AEIS) had its price target decreased by equities research analysts at Susquehanna from $95.00 to $90.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the electronics maker’s stock. Susquehanna’s price target would suggest a potential downside of 6.33% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday. Wells Fargo & Company cut their target price on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $114.43.

Advanced Energy Industries Trading Up 0.3 %

AEIS opened at $96.08 on Thursday. The company’s 50 day moving average is $97.96 and its 200-day moving average is $99.17. Advanced Energy Industries has a 1-year low of $81.86 and a 1-year high of $126.38. The company has a current ratio of 5.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.78. The company has a market cap of $3.59 billion, a P/E ratio of 28.26, a PEG ratio of 3.36 and a beta of 1.54.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Tuesday, February 6th. The electronics maker reported $1.07 EPS for the quarter, topping the consensus estimate of $0.97 by $0.10. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. The business had revenue of $405.27 million for the quarter, compared to the consensus estimate of $407.66 million. Equities research analysts predict that Advanced Energy Industries will post 2.88 earnings per share for the current fiscal year.

Institutional Trading of Advanced Energy Industries

Hedge funds have recently modified their holdings of the stock. Peregrine Capital Management LLC bought a new stake in shares of Advanced Energy Industries in the 4th quarter valued at $7,856,000. Moody Aldrich Partners LLC increased its stake in shares of Advanced Energy Industries by 130.4% in the 4th quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock valued at $3,571,000 after acquiring an additional 18,561 shares in the last quarter. III Capital Management bought a new stake in shares of Advanced Energy Industries in the 3rd quarter valued at $897,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of Advanced Energy Industries by 4.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock valued at $45,991,000 after acquiring an additional 17,290 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Advanced Energy Industries by 61.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker’s stock valued at $24,021,000 after acquiring an additional 88,267 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

About Advanced Energy Industries

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.