Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) have earned an average rating of “Hold” from the ten brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $70.40.
Several research analysts recently weighed in on the company. Zacks Investment Research raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. BidaskClub raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. TheStreet raised Advanced Energy Industries from a “c+” rating to a “b” rating in a research report on Wednesday, April 3rd. Finally, ValuEngine raised Advanced Energy Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 19th.
Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Advanced Energy Industries by 15.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,909 shares of the electronics maker’s stock valued at $125,000 after purchasing an additional 393 shares during the period. Brasada Capital Management LP purchased a new position in Advanced Energy Industries in the fourth quarter valued at about $172,000. First Citizens Bank & Trust Co. purchased a new position in Advanced Energy Industries in the fourth quarter valued at about $204,000. New Vernon Capital Holdings II LLC purchased a new position in Advanced Energy Industries in the fourth quarter valued at about $221,000. Finally, Millennium Management LLC raised its position in Advanced Energy Industries by 30.3% in the fourth quarter. Millennium Management LLC now owns 5,670 shares of the electronics maker’s stock valued at $243,000 after purchasing an additional 1,317 shares during the period. 98.00% of the stock is currently owned by institutional investors.
Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Monday, February 4th. The electronics maker reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.08). The firm had revenue of $154.16 million during the quarter, compared to analysts’ expectations of $155.58 million. Advanced Energy Industries had a return on equity of 27.02% and a net margin of 20.45%. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period last year, the business posted $1.31 earnings per share. On average, equities research analysts forecast that Advanced Energy Industries will post 2.76 EPS for the current year.
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.
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