Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have received a consensus recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $70.40.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. BidaskClub raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. ValuEngine downgraded shares of Advanced Energy Industries from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 9th. Finally, TheStreet raised shares of Advanced Energy Industries from a “c+” rating to a “b” rating in a research report on Wednesday, April 3rd.
Hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Advanced Energy Industries by 15.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,909 shares of the electronics maker’s stock valued at $125,000 after acquiring an additional 393 shares during the period. Brasada Capital Management LP bought a new stake in Advanced Energy Industries during the fourth quarter valued at about $172,000. First Citizens Bank & Trust Co. bought a new stake in Advanced Energy Industries during the fourth quarter valued at about $204,000. New Vernon Capital Holdings II LLC bought a new stake in Advanced Energy Industries during the fourth quarter valued at about $221,000. Finally, Millennium Management LLC boosted its holdings in Advanced Energy Industries by 30.3% during the fourth quarter. Millennium Management LLC now owns 5,670 shares of the electronics maker’s stock valued at $243,000 after acquiring an additional 1,317 shares during the period. Institutional investors own 98.00% of the company’s stock.
Advanced Energy Industries stock opened at $55.75 on Friday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 1.96 and a beta of 1.41. Advanced Energy Industries has a one year low of $38.74 and a one year high of $69.21.
Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Monday, February 4th. The electronics maker reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.08). The business had revenue of $154.16 million for the quarter, compared to analyst estimates of $155.58 million. Advanced Energy Industries had a return on equity of 27.02% and a net margin of 20.45%. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.31 earnings per share. Equities analysts anticipate that Advanced Energy Industries will post 2.76 EPS for the current fiscal year.
About Advanced Energy Industries
Advanced Energy Industries, Inc engages in the provision of precision power conversion, measurement, and control solutions. Its products are 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.
Read More: What are retained earnings?
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.