Advanced Energy Industries (AEIS) Cut to Sell at BidaskClub

BidaskClub cut shares of Advanced Energy Industries (NASDAQ:AEIS) from a hold rating to a sell rating in a research report released on Thursday.

A number of other research firms have also weighed in on AEIS. ValuEngine lowered shares of Advanced Energy Industries from a buy rating to a hold rating in a research report on Thursday, November 30th. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a report on Wednesday, August 23rd. They issued a hold rating and a $74.00 target price for the company. Zacks Investment Research raised Advanced Energy Industries from a hold rating to a buy rating and set a $93.00 target price for the company in a report on Friday, November 3rd. Needham & Company LLC raised their target price on Advanced Energy Industries from $93.00 to $97.00 and gave the company a buy rating in a report on Tuesday, October 31st. Finally, KeyCorp reissued a hold rating on shares of Advanced Energy Industries in a report on Sunday, October 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $81.60.

Advanced Energy Industries (NASDAQ AEIS) traded up $1.98 during trading hours on Thursday, reaching $71.40. 587,423 shares of the company were exchanged, compared to its average volume of 410,565. Advanced Energy Industries has a 1 year low of $53.19 and a 1 year high of $95.00. The stock has a market cap of $2,831.51, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, October 30th. The electronics maker reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. The firm had revenue of $176.60 million for the quarter, compared to analyst estimates of $165.77 million. During the same period last year, the firm posted $0.77 EPS. Advanced Energy Industries’s quarterly revenue was up 39.5% on a year-over-year basis. equities analysts forecast that Advanced Energy Industries will post 4.26 EPS for the current year.

In other news, Director Grant H. Beard sold 10,000 shares of Advanced Energy Industries stock in a transaction on Friday, December 8th. The stock was sold at an average price of $71.86, for a total transaction of $718,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yuval Wasserman sold 10,669 shares of Advanced Energy Industries stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $90.00, for a total value of $960,210.00. Following the transaction, the chief executive officer now directly owns 130,259 shares of the company’s stock, valued at approximately $11,723,310. The disclosure for this sale can be found here. In the last three months, insiders sold 64,603 shares of company stock valued at $5,291,168. 1.13% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in AEIS. Koch Industries Inc. raised its stake in shares of Advanced Energy Industries by 17,404.0% during the 2nd quarter. Koch Industries Inc. now owns 633,120 shares of the electronics maker’s stock worth $623,000 after buying an additional 629,503 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Advanced Energy Industries by 204.6% during the 3rd quarter. Victory Capital Management Inc. now owns 775,433 shares of the electronics maker’s stock worth $62,623,000 after buying an additional 520,884 shares during the last quarter. AJO LP raised its stake in shares of Advanced Energy Industries by 883.6% during the 2nd quarter. AJO LP now owns 284,774 shares of the electronics maker’s stock worth $18,422,000 after buying an additional 255,821 shares during the last quarter. Cortina Asset Management LLC acquired a new position in shares of Advanced Energy Industries during the 3rd quarter worth $18,683,000. Finally, BlackRock Inc. raised its stake in shares of Advanced Energy Industries by 3.1% during the 2nd quarter. BlackRock Inc. now owns 5,127,265 shares of the electronics maker’s stock worth $331,682,000 after buying an additional 155,880 shares during the last quarter. 94.35% of the stock is owned by institutional investors and hedge funds.

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About Advanced Energy Industries

Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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