Advanced Energy Industries (NASDAQ:AEIS) Reaches New 1-Year Low – What’s Next?

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $182.73 and last traded at $179.55, with a volume of 235,843 shares traded. The stock had previously closed at $211.56.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AEIS shares. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Energy Industries in a research note on Tuesday. Morgan Stanley decreased their price objective on shares of Advanced Energy Industries from $375.00 to $368.00 and set an “overweight” rating on the stock in a research report on Tuesday. TD Cowen lowered their target price on shares of Advanced Energy Industries from $370.00 to $275.00 and set a “hold” rating on the stock in a research note on Tuesday. Robert W. Baird dropped their target price on shares of Advanced Energy Industries from $410.00 to $330.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Zacks Research cut shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Advanced Energy Industries currently has an average rating of “Moderate Buy” and an average target price of $391.64.

Advanced Energy Industries Price Performance

The business has a fifty day moving average price of $260.11 and a 200-day moving average price of $306.30. The company has a current ratio of 3.79, a quick ratio of 2.94 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $7.89 billion, a PE ratio of 28.35 and a beta of 1.38.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, November 2nd. The electronics maker reported $3.65 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.61. The company had revenue of $696.40 million during the quarter, compared to the consensus estimate of $644.85 million. Advanced Energy Industries had a return on equity of 25.79% and a net margin of 12.72%. Advanced Energy Industries’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS. Research analysts expect that Advanced Energy Industries, Inc. will post 9.86 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Monday, November 23rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 5.76%.

Insiders Place Their Bets

In related news, COO Eduardo Acebedo sold 24,771 shares of Advanced Energy Industries stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $315.48, for a total value of $7,814,755.08. Following the transaction, the chief operating officer owned 23,109 shares in the company, valued at $7,290,427.32. This trade represents a 51.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elizabeth Vonne sold 908 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total transaction of $302,073.44. Following the completion of the sale, the executive vice president directly owned 10,712 shares of the company’s stock, valued at $3,563,668.16. This represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 27,218 shares of company stock worth $8,562,008. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Energy Industries

A number of hedge funds and other institutional investors have recently modified their holdings of AEIS. Allworth Financial LP boosted its stake in shares of Advanced Energy Industries by 14.7% during the third quarter. Allworth Financial LP now owns 2,015 shares of the electronics maker’s stock valued at $568,000 after purchasing an additional 259 shares during the period. Eurizon Capital SGR S.p.A. raised its holdings in Advanced Energy Industries by 150.0% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 185 shares of the electronics maker’s stock valued at $52,000 after buying an additional 111 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in Advanced Energy Industries by 13.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 2,264 shares of the electronics maker’s stock valued at $638,000 after buying an additional 262 shares during the last quarter. Lisanti Capital Growth LLC purchased a new stake in Advanced Energy Industries during the 3rd quarter valued at $565,000. Finally, Woodley Farra Manion Portfolio Management Inc. purchased a new stake in Advanced Energy Industries during the 3rd quarter valued at $400,000. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc develops and manufactures precision power-conversion, measurement and control technologies. Its products are designed to regulate, transform and deliver electrical power with high levels of accuracy and reliability in demanding industrial applications.

The company’s portfolio includes direct-current and alternating-current power supplies, radio-frequency power systems, high-voltage power supplies, thermal-management equipment, power control modules, and measurement and control instruments.