According to Bloomberg Ratings, the nine research firms currently covering Advanced Energy Industries, Inc. (NASDAQ: AEIS) have given the company an average rating of “buy,” which indicates that investors should purchase the company’s stock. These ratings come from the research firms that are evaluating the company for their coverage of it. One research analyst suggested that investors maintain their current stock holdings. In contrast, five analysts have assigned a buy rating to the security, and one has assigned a strong buy rating to the security. The $95.86 price target for one year that brokers who graded the stock in the previous year had for the stock was the average price target that they had for the stock.
There have been several scientific papers written about AEIS have been published. Citigroup decreased its price target for Advanced Energy Industries stock from $100.00 to $95.00. It changed its rating for the company from “neutral” to “buy” in a research report published on Friday, November 4. Additionally, they changed their recommendation for Advanced Energy Industries from “buy” to “buy,” which is the same rating as before. In a research report released on November 2, Benchmark announced that they would be lowering their price objective on Advanced Energy Industries from $110.00 to $90.00. The new price objective was stated in the report. Needham & Company LLC upgraded Advanced Energy Industries from a “buy” rating to a “strong-buy” rating in a research report that was made public on November 2. The same report raised their price objective from $80.00 to $88.0. Finally, StockNews.com upgraded its recommendation for Advanced Energy Industries from “buy” to “strong buy” in a research report released Tuesday. This change reflects the website’s more bullish outlook on the stock.
On Friday, the price of an individual share of AEIS stock was set at $83.72, and trading began. The company’s moving averages for the last 50 days are $85.35, and the moving averages for the last 200 days are $83.52, respectively. The stock’s price-to-earnings ratio is 16.16, and its beta value is 1.58. The value of the company’s stock on the market is approximately $3.13 billion. During the past year, the price of Advanced Energy Industries has increased from $67.55 to $98.07, with a low of $67.55 and a high of $98.07. Currently, the debt-to-equity ratio is calculated as 0.36, the current ratio is calculated as 2.73, and the quick ratio is calculated as 1.78.
The most recent quarterly earnings report for Advanced Energy Industries (NASDAQ: AEIS) was released on November 1, November 1 of this year, making it the most recent report of its kind to be made public. The electrical equipment manufacturer reported earnings per share for the quarter of $2.00, which was $0.77 more than the analysts’ average expectation of $1.23 per share, which the company provided. The net margin of the company and its return on equity came in at 11.16%. The return on equity for Advanced Energy Industries was calculated at 23.69 percent. The revenue the company brought in for the quarter was $516.27 million, which was significantly higher than analysts’ forecast for the period, which was $444.45 million in sales. During the current fiscal year, Advanced Energy Industries is expected to generate earnings of $6.04 per share, as stated by industry analysts’ projections.
In addition, the business just recently announced a quarterly dividend, which was paid out on December 2, December 2, and then distributed the following day, December 2, after it was paid out. On November 21 November 21, dividend payments of $0.10 per share were made to shareholders who were “recorded” as having shares as of that day. The recipients of these payments were shareholders who owned shares as of that date. This past Friday, November 18 November 18, was the deadline for customers to submit their payment to receive the dividend. The result of this is that there will be a dividend yield of 0.48% and that there will be a dividend payment of $0.40 each year. The amount of money Advanced Energy Industries pays out in the form of dividends as a percentage of its profits is 7.72%.
Recently, several hedge funds and institutional investors have either increased the amount of the stock they are holding or decreased the amount of the stock they have invested in. The Maryland State Retirement and Pension System bought an additional 0.8% of Advanced Energy Industries stock during the second quarter, bringing the total amount of its shares to 98.2%. The Maryland State Retirement and Pension System now has a total of 15,220 stock held by the electronics manufacturer after purchasing an additional 114 shares during the most recent quarter. The stock is currently valued at $1110,000. During the second quarter, Baird Financial Group Inc. increased the amount of Advanced Energy Industries stock held by 1.9% from the previous quarter. Baird Financial Group Inc. now holds a total of 6,086 shares of the company’s stock, which has a market value of $444,000, following the purchase of 115 additional shares of the electronics manufacturer’s stock during the most recent fiscal quarter. During the second quarter, Inspire Investing LLC raised the amount of Advanced Energy Industries stock held by 4.00% to reflect its recent growth. As a result of the purchase of an additional 131 shares during the preceding quarter, Inspire Investing LLC now holds 3,442 shares of the stock of the electronics manufacturer. The total value of these shares is $251,000. The Bank of Montreal increased its holdings in Advanced Energy Industries by 0.8% over the year’s first three months. Bank of Montreal now has 18,239 shares of ownership in the electronic company after purchasing 136 shares during the most recent quarter for a total value of $1,678,000. This brings the company’s total number of shares of ownership in the company to 18,239; not to mention, during the third quarter, Keybank National Association OH increased the amount of Advanced Energy Industries stock that is owned by 2.6%, making this the last and most important point. Keybank National Association OH now has a total of 6,005 shares of the stock of the electronics manufacturer after making an additional purchase of 155 shares during the period. The stock is currently valued at a total of $465,000 at this time. At this point, hedge funds and various other types of institutional investors own 98.72% of the company’s common stock.
Advanced Energy Industries, Inc. is a world-renowned provider of power conversion, measurement, and control systems, all conceived of, developed, manufactured, and maintained globally. It offers solutions for direct current (DC), pulsed DC, low-frequency alternating current (LFAC), high voltage, and radio frequency (RF) power, as well as radio frequency (RF) matching networks, RF instrumentation devices, and remote plasma sources for applications involving reactive gases. A further benefit is that it offers power solutions for reactive gases.
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