Advanced Energy Industries (NASDAQ:AEIS) Reaches New 1-Year High – Here’s Why

Advanced Energy Industries, Inc. (NASDAQ:AEIS)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $130.50 and last traded at $127.67, with a volume of 42768 shares changing hands. The stock had previously closed at $127.55.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AEIS shares. Wells Fargo & Company upped their target price on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. TD Cowen cut their target price on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Monday, December 16th. Finally, Robert W. Baird increased their target price on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.89.

Advanced Energy Industries Stock Down 0.7 %

The company has a market capitalization of $4.77 billion, a P/E ratio of 111.29, a PEG ratio of 3.85 and a beta of 1.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The company has a 50 day moving average of $116.82 and a 200-day moving average of $110.03.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The firm had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. During the same period in the previous year, the firm earned $1.12 earnings per share. The business’s revenue was down 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a $0.10 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. Advanced Energy Industries’s dividend payout ratio (DPR) is 35.09%.

Insider Activity

In other news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Earnest Partners LLC grew its stake in shares of Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after acquiring an additional 199,578 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Advanced Energy Industries by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock worth $103,428,000 after purchasing an additional 15,577 shares in the last quarter. Geode Capital Management LLC grew its position in Advanced Energy Industries by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock valued at $93,094,000 after purchasing an additional 15,030 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Advanced Energy Industries by 22.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after purchasing an additional 118,328 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after buying an additional 53,566 shares during 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.