Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) hit a new 52-week low during trading on Thursday . The stock traded as low as $55.33 and last traded at $55.14, with a volume of 31785 shares. The stock had previously closed at $61.21.
AEIS has been the topic of several research analyst reports. Raymond James upgraded shares of Advanced Energy Industries from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 5th. They noted that the move was a valuation call. DA Davidson decreased their price target on shares of Advanced Energy Industries to $90.00 and set a “buy” rating on the stock in a research note on Thursday, June 21st. BidaskClub upgraded shares of Advanced Energy Industries from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. Stifel Nicolaus decreased their price target on shares of Advanced Energy Industries from $87.00 to $78.00 and set a “hold” rating on the stock in a research note on Wednesday, August 1st. Finally, Zacks Investment Research cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Monday, June 25th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $76.83.
The stock has a market cap of $2.15 billion, a PE ratio of 11.73, a PEG ratio of 1.37 and a beta of 1.04.
Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, July 30th. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.10). The business had revenue of $196.00 million for the quarter, compared to analysts’ expectations of $199.60 million. Advanced Energy Industries had a net margin of 19.68% and a return on equity of 33.40%. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.22 earnings per share. equities analysts forecast that Advanced Energy Industries, Inc. will post 4.47 earnings per share for the current fiscal year.
In other news, CFO Thomas O. Mcgimpsey sold 8,391 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $59.32, for a total transaction of $497,754.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Mount Yale Investment Advisors LLC bought a new position in Advanced Energy Industries during the 1st quarter valued at about $120,000. Schroder Investment Management Group bought a new position in Advanced Energy Industries during the 2nd quarter valued at about $110,000. Integrated Investment Consultants LLC bought a new position in Advanced Energy Industries during the 2nd quarter valued at about $136,000. HPM Partners LLC bought a new position in Advanced Energy Industries during the 2nd quarter valued at about $211,000. Finally, First Citizens Bank & Trust Co. bought a new position in Advanced Energy Industries during the 2nd quarter valued at about $213,000. Institutional investors own 93.97% of the company’s stock.
About Advanced Energy Industries (NASDAQ:AEIS)
Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.
See Also: Diversification in Investing
Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.