Robert W. Baird Lowers Advanced Energy Industries (NASDAQ:AEIS) Price Target to $136.00

Advanced Energy Industries (NASDAQ:AEIS) had its price objective lowered by research analysts at Robert W. Baird from $138.00 to $136.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the electronics maker’s stock. Robert W. Baird’s price target would suggest a potential upside of 22.34% from the company’s current price.

Several other equities research analysts have also commented on AEIS. Wells Fargo & Company upped their price target on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Benchmark reiterated a “buy” rating and set a $125.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Finally, Needham & Company LLC reissued a “buy” rating and set a $145.00 price target on shares of Advanced Energy Industries in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Energy Industries currently has an average rating of “Moderate Buy” and a consensus target price of $127.11.

Advanced Energy Industries Stock Down 0.2 %

Advanced Energy Industries stock opened at $111.17 on Thursday. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 97.52, a PEG ratio of 3.60 and a beta of 1.45. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. Advanced Energy Industries has a 12 month low of $89.11 and a 12 month high of $130.50. The stock has a fifty day simple moving average of $117.11 and a two-hundred day simple moving average of $110.41.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. Equities analysts predict that Advanced Energy Industries will post 2.52 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the sale, the director now directly owns 5,092 shares of the company’s stock, valued at $568,878.24. This trade represents a 16.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Energy Industries

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Advanced Energy Industries by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker’s stock valued at $568,168,000 after purchasing an additional 69,908 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Advanced Energy Industries by 1.7% in the third quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock worth $93,094,000 after buying an additional 15,030 shares in the last quarter. Norges Bank purchased a new stake in shares of Advanced Energy Industries in the fourth quarter worth about $68,949,000. Principal Financial Group Inc. boosted its stake in Advanced Energy Industries by 12.4% during the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock valued at $50,920,000 after buying an additional 53,566 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Advanced Energy Industries by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker’s stock valued at $53,204,000 after buying an additional 18,533 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

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.