The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) hit a new 52-week high and has $80.01 target or 66.00% above today’s $48.20 share price. The 9 months bullish chart indicates low risk for the $1.93 billion company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $80.01 price target is reached, the company will be worth $1.27 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 256,590 shares traded hands. Advanced Energy Industries, Inc. (NASDAQ:AEIS) has risen 36.32% since March 30, 2016 and is uptrending. It has outperformed by 33.31% the S&P500.
Analysts await Advanced Energy Industries, Inc. (NASDAQ:AEIS) to report earnings on November, 7. They expect $0.70 earnings per share, up 40.00% or $0.20 from last year’s $0.5 per share. AEIS’s profit will be $28.03 million for 17.21 P/E if the $0.70 EPS becomes a reality. After $0.68 actual earnings per share reported by Advanced Energy Industries, Inc. for the previous quarter, Wall Street now forecasts 2.94% EPS growth.
Advanced Energy Industries, Inc. (NASDAQ:AEIS) Ratings Coverage
Out of 7 analysts covering Advanced Energy Industries Inc. (NASDAQ:AEIS), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. $53 is the highest target while $34 is the lowest. The $43 average target is -10.79% below today’s ($48.2) stock price. Advanced Energy Industries Inc. has been the topic of 13 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) earned “Neutral” rating by Susquehanna on Tuesday, April 19. Citigroup initiated the stock with “Neutral” rating in Wednesday, October 12 report. Needham maintained the shares of AEIS in a report on Wednesday, August 5 with “Buy” rating. On Thursday, August 6 the stock rating was downgraded by Zacks to “Strong-Buy”. The firm has “Market Perform” rating given on Thursday, July 14 by Raymond James. The rating was reinitiated by Pacific Crest with “Sector Weight” on Monday, January 4. On Thursday, October 27 the stock rating was maintained by Dougherty & Company with “Buy”. Needham downgraded Advanced Energy Industries, Inc. (NASDAQ:AEIS) on Monday, April 18 to “Hold” rating. The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) earned “Buy” rating by Dougherty & Company on Thursday, July 28. The firm has “Neutral” rating by Bank of America given on Wednesday, April 20.
According to Zacks Investment Research, “Advanced Energy is a global leader in the development and support of technologies critical to high-technology, high-growth manufacturing processes used in the production of semiconductors, flat panel displays, data storage products, solar cells, architectural glass, and other advanced product applications. Leveraging a diverse product portfolio and technology leadership, Advanced Energy creates solutions that maximize process impact, improve productivity and lower the cost of ownership for its customers. This portfolio includes a comprehensive line of technology solutions in power, flow, thermal management, and plasma and ion beam sources for original equipment manufacturers and end-users around the world. Advanced Energy operates in regional centers in North America, Asia and Europe and offers global sales and support through direct offices, representatives and distributors,”
Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.30, from 1.41 in 2016Q1. The ratio is negative, as 25 funds sold all Advanced Energy Industries, Inc. shares owned while 58 reduced positions. 25 funds bought stakes while 67 increased positions. They now own 36.09 million shares or 6.42% less from 38.57 million shares in 2016Q1.
State Of Tennessee Treasury Department, a Tennessee-based fund reported 31,877 shares. Wellington Mgmt Gru Llp holds 0% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS) for 220,737 shares. Public Employees Retirement Association Of Colorado last reported 10,570 shares in the company. Ahl Prtn Limited Liability Partnership owns 17,276 shares or 0.04% of their US portfolio. Moreover, Bnp Paribas Arbitrage has 0% invested in Advanced Energy Industries, Inc. (NASDAQ:AEIS) for 12,325 shares. Opus Cap Group Incorporated Ltd Liability last reported 88,830 shares in the company. Lsv Asset reported 166,500 shares or 0.01% of all its holdings. Aqr Capital Lc accumulated 0.01% or 222,263 shares. Tower Research Llc (Trc) last reported 918 shares in the company. Alliancebernstein Limited Partnership holds 113,909 shares or 0% of its portfolio. Numeric Investors Limited Liability Company has 953,449 shares for 0.32% of their US portfolio. Eqis Capital has 0.05% invested in the company for 18,540 shares. Price T Rowe Md accumulated 0.01% or 1.28M shares. Vanguard Grp accumulated 3.54 million shares or 0.01% of the stock. Moreover, Reilly Advsr Limited Liability Company has 0% invested in Advanced Energy Industries, Inc. (NASDAQ:AEIS) for 87 shares.
Another recent and important Advanced Energy Industries, Inc. (NASDAQ:AEIS) news was published by Seekingalpha.com which published an article titled: “Advanced Semiconductor Needs Driving Advanced Energy Industries” on September 16, 2016.
AEIS Company Profile
Advanced Energy Industries, Inc., incorporated on September 1, 1995, is a well-known provider of precision power conversion, measurement and control solutions. The Firm is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement. It also provides repair and maintenance services for its products. The Firm operates through Precision Power segment. The Company’s process power products enable manufacturing processes that use thin films for various products, such as semiconductor devices, flat panel displays, thin film renewables, hard and industrial coatings and architectural glass. It also supplies power control modules for controlling thermal processes, and thermal instrumentation products for temperature measurement, both of which provide solutions for thin film semiconductor, thin film industrial and heavy industry. The Company’s remote plasma sources are used in the thin films processing industries and in gas abatement applications. The Company’s high voltage products offer power solutions for semiconductor, analytical instrumentation, industrial x-ray and medical imaging applications. The Company’s network of global service support centers offers repair services, conversions, upgrades, and refurbishments to companies using the Company’s products.
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