Advanced Energy Industries (NASDAQ:AEIS) Raised to “Hold” at BidaskClub

Advanced Energy Industries (NASDAQ:AEIS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday, March 22nd, BidAskClub reports.

Several other research analysts have also recently issued reports on the company. ValuEngine raised Advanced Energy Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 27th. Zacks Investment Research upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $70.17.

NASDAQ:AEIS traded down $0.45 during mid-day trading on Friday, hitting $54.15. 200,549 shares of the company traded hands, compared to its average volume of 272,859. Advanced Energy Industries has a one year low of $38.74 and a one year high of $69.21. The firm has a market capitalization of $2.09 billion, a PE ratio of 12.92, a P/E/G ratio of 1.94 and a beta of 1.41.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data 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). Advanced Energy Industries had a net margin of 20.45% and a return on equity of 27.02%. The business had revenue of $154.16 million during the quarter, compared to analysts’ expectations of $155.58 million. During the same quarter in the previous year, the firm earned $1.31 earnings per share. Advanced Energy Industries’s revenue was down 14.0% on a year-over-year basis. On average, equities analysts anticipate that Advanced Energy Industries will post 2.76 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Stone Ridge Asset Management LLC grew its position in Advanced Energy Industries by 89.1% during the 4th quarter. Stone Ridge Asset Management LLC now owns 22,938 shares of the electronics maker’s stock worth $985,000 after purchasing an additional 10,805 shares during the period. Man Group plc grew its position in shares of Advanced Energy Industries by 12.8% during the 3rd quarter. Man Group plc now owns 107,925 shares of the electronics maker’s stock valued at $5,574,000 after acquiring an additional 12,241 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Advanced Energy Industries by 34.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 99,300 shares of the electronics maker’s stock valued at $5,541,000 after acquiring an additional 25,400 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Advanced Energy Industries by 2.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 33,138 shares of the electronics maker’s stock valued at $1,422,000 after acquiring an additional 668 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Advanced Energy Industries during the 3rd quarter valued at about $247,000. 98.00% of the stock is currently owned by institutional investors.

Advanced Energy Industries Company Profile

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.

Featured Article: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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.