Advanced Energy Industries (NASDAQ:AEIS) Given New $90.00 Price Target at Susquehanna

Advanced Energy Industries (NASDAQ:AEIS) had its target price decreased by Susquehanna from $95.00 to $90.00 in a report released on Thursday morning, Benzinga reports. Susquehanna currently has a neutral rating on the electronics maker’s stock.

Several other brokerages also recently weighed in on AEIS. Wells Fargo & Company cut their price target on Advanced Energy Industries from $108.00 to $97.00 and set an equal weight rating on the stock in a research report on Wednesday, February 7th. Needham & Company LLC reaffirmed a hold rating on shares of Advanced Energy Industries in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $111.86.

Advanced Energy Industries Stock Performance

NASDAQ AEIS traded up $2.36 during trading hours on Thursday, reaching $97.99. The stock had a trading volume of 259,377 shares, compared to its average volume of 217,206. Advanced Energy Industries has a 52-week low of $81.86 and a 52-week high of $126.38. The stock has a fifty day moving average of $97.82 and a 200 day moving average of $99.13. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10. The stock has a market cap of $3.66 billion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 3.37 and a beta of 1.54.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09). The business had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $351.74 million. Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.70%. The firm’s revenue was down 22.9% on a year-over-year basis. During the same period last year, the company earned $1.10 earnings per share. Sell-side analysts predict that Advanced Energy Industries will post 2.88 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date is Thursday, May 23rd. Advanced Energy Industries’s payout ratio is currently 14.71%.

Institutional Investors Weigh In On Advanced Energy Industries

A number of institutional investors have recently added to or reduced their stakes in AEIS. Vanguard Group Inc. increased its stake in shares of Advanced Energy Industries by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,470,367 shares of the electronics maker’s stock worth $486,912,000 after purchasing an additional 32,822 shares in the last quarter. FMR LLC boosted its holdings in Advanced Energy Industries by 16.8% in the 3rd quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock worth $415,262,000 after buying an additional 577,765 shares during the last quarter. Earnest Partners LLC increased its stake in Advanced Energy Industries by 0.5% during the 3rd quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock worth $161,750,000 after buying an additional 7,701 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Advanced Energy Industries by 6.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,167,892 shares of the electronics maker’s stock valued at $127,207,000 after acquiring an additional 75,351 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Advanced Energy Industries by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 923,960 shares of the electronics maker’s stock valued at $100,641,000 after acquiring an additional 3,093 shares during the last quarter. Institutional investors and hedge funds 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.