According to Bloomberg Ratings, the ten analysts who follow Advanced Energy Industries, Inc. (NASDAQ: AEIS) have collectively assigned the company a rating of “Moderate Buy” as their average recommendation for the stock. This rating was determined by considering the analysts’ ratings for the company. Seven financial analysts advise clients to buy the stock, while only one advises clients to keep the stock in their portfolios. Most brokerage firms that covered the stock during the prior year have set a price target of $95.86 per share for the stock’s price over the next year.
A few different brokerage firms have recently compiled reports on AEIS, and you can view these reports on the firms’ respective websites. StockNews.com downgraded its recommendation for Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a report published on Wednesday, December 28. During the trading session on January 3, DA Davidson reaffirmed its recommendation that investors “buy” shares of Advanced Energy Industries. In a research report released on Friday, November 4, Citigroup lowered its price target for Advanced Energy Industries from $100.00 to $95.00. The report was about the company’s stock. In addition, they rated the stock of Advanced Energy Industries as “buy,” up from their previous rating of “neutral.” Benchmark lowered its price objective on shares of Advanced Energy Industries from $110.00 to $90.00 in a research report made public by the brokerage firm on November 2, 2018. The report was made public by Benchmark. Needham & Company LLC raised their price objective on shares of Advanced Energy Industries from $80.00 to $88.00 and upgraded the stock from a “hold” rating to a “buy” rating in a report released on November 2.
NASDAQ: opening On Wednesday, the price of a single share of AEIS was recorded at USD 92.41. The company has seen a moving average of $85.41 over the past 200 days, while the moving average for the last 50 days is $89.32. The company has a price-to-earnings ratio of 17.84, and its beta value is 1.57. The market capitalization of the company is $3.45 billion. Currently, the debt-to-equity ratio is calculated as 0.36, the current ratio is calculated as 2.73, and the quick ratio is calculated as 1.78. When we look at the stock price of Advanced Energy Industries from a year ago, we can see that it fluctuated between a low of $67.55 and a high of $98.07.
The most recent earnings report for Advanced Energy Industries, which is traded on the NASDAQ under the ticker symbol AEIS, was released on November 1 of this year. The electronic product manufacturer reported earnings per share (EPS) of $2.00 for the quarter, which was $0.77 higher than the average prediction of $1.23. However, the actual revenue that the company brought in for the quarter was $516.27 million, which was a significant increase from the $444.45 million that analysts anticipated it would bring in for the period. Advanced Energy Industries had a return on equity of 23.69% and a net margin of 11.16% for the company overall. During the current fiscal year, Advanced Energy Industries is expected to generate earnings of $6.04 per share, as stated by industry analysts’ projections.
In addition, the company recently announced its quarterly dividend distribution, which took place on December 2 and was announced at the same time. On Monday, November 21, dividend payments of $0.10 per share were distributed to shareholders who were “recorded” as having an ownership stake in the company. When calculated on an annualized basis, this results in a dividend payment of $0.40 per share and a dividend yield of 0.43%. This past Friday, November 18, was the deadline for customers to submit their payment to receive the dividend. The percentage of dividends distributed by Advanced Energy Industries amounts to 7.72 percent.
Within the past few months, several hedge funds and other institutional investors have rebalanced the percentage of businesses held within their respective investment portfolios. Pinebridge Investments L.P. increased the amount of Advanced Energy Industries stock owned by 243.0% during the year’s second quarter. As a result of the purchase of 243 additional shares during the most recent quarter, Pinebridge Investments L.P. now holds 343 of the electronics manufacturer’s shares, each worth a sum of $25,000, giving the portfolio a combined value of $25,000. Wipfli Financial Advisors LLC increased its ownership stake in Advanced Energy Industries by approximately $25,000 during the third quarter by making additional investments totaling approximately $25,000. During the third quarter of this year, CWM LLC successfully increased the proportion of Advanced Energy Industries in which it holds ownership by 259.3%. CWM LLC increased its holdings in the stock of the electronics company during the most recent quarter by purchasing an additional 236 shares. This brought the total number of shares acquired to 327, with a value of $25,000. In the second quarter, Ellevest Inc. increased the amount of Advanced Energy Industries stock that it held by a percentage that was 467.6% higher than in the first quarter. Ellevest Inc. now has a total of 403 shares of the stock of the electronics company, which are worth a combined total of $29,000 after purchasing an additional 332 shares during the most recent fiscal quarter. Lastly, but most certainly not least, Amundi filled a new position in the Advanced Energy Industries division during the second quarter of the fiscal year. This position had a salary of approximately $31,000 per year. Institutional investors and hedge funds hold the company’s shares at 98.72%.
Advanced Energy Industries, Inc. is a world-renowned provider of power conversion, measurement, and control systems, all conceived of, developed, manufactured, and maintained globally. It offers solutions for direct current (D.C.), pulsed D.C., low-frequency alternating current (LFAC), high voltage, and radio frequency (R.F.) power, as well as radio frequency (R.F.) matching networks, R.F. instrumentation devices, and remote plasma sources for applications involving reactive gases. A further benefit is that it offers power solutions for reactive gases.