Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) had its price objective hoisted by Benchmark from $112.00 to $135.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the electronics maker’s stock. Benchmark’s price target would suggest a potential upside of 19.57% from the stock’s current price.
Several other equities analysts have also issued reports on AEIS. KeyCorp lifted their price target on Advanced Energy Industries from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. StockNews.com started coverage on Advanced Energy Industries in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Needham & Company LLC lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Advanced Energy Industries currently has an average rating of “Moderate Buy” and a consensus target price of $118.71.
Advanced Energy Industries Stock Performance
Shares of AEIS stock opened at $112.90 on Friday. Advanced Energy Industries has a 12 month low of $68.00 and a 12 month high of $126.38. The stock has a market cap of $4.24 billion, a PE ratio of 24.18 and a beta of 1.56. The company has a current ratio of 3.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $110.78 and its 200-day moving average price is $98.98.
Insider Activity
In other news, Director Ronald C. Foster sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the sale, the director now owns 11,618 shares of the company’s stock, valued at approximately $1,103,710. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Ronald C. Foster sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the sale, the director now owns 11,618 shares of the company’s stock, valued at approximately $1,103,710. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul R. Oldham sold 3,837 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $100.00, for a total value of $383,700.00. Following the transaction, the chief financial officer now owns 35,514 shares of the company’s stock, valued at $3,551,400. The disclosure for this sale can be found here. Insiders sold 13,917 shares of company stock valued at $1,489,240 in the last quarter. 2.00% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Dark Forest Capital Management LP bought a new position in shares of Advanced Energy Industries during the 4th quarter valued at approximately $25,000. Point72 Middle East FZE purchased a new stake in shares of Advanced Energy Industries during the 4th quarter worth approximately $29,000. Fifth Third Bancorp raised its holdings in shares of Advanced Energy Industries by 78.1% during the 1st quarter. Fifth Third Bancorp now owns 390 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 171 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Advanced Energy Industries during the 2nd quarter worth approximately $45,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Advanced Energy Industries by 193.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 499 shares of the electronics maker’s stock worth $49,000 after acquiring an additional 329 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, and high voltage systems, as well as radio frequency (RF) power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.
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