The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) hit a new 52-week high and has $56.87 target or 4.00% above today’s $54.68 share price. The 5 months bullish chart indicates low risk for the $2.18 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $56.87 price target is reached, the company will be worth $87.20 million 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 46,046 shares traded hands. Advanced Energy Industries, Inc. (NASDAQ:AEIS) has risen 67.48% since April 20, 2016 and is uptrending. It has outperformed by 62.92% the S&P500.
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 -21.36% below today’s ($54.68) stock price. Advanced Energy Industries Inc. has been the topic of 13 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Thursday, July 14, the company rating was downgraded by Raymond James. On Wednesday, April 20 the stock rating was downgraded by Bank of America to “Neutral”. The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) has “Buy” rating given on Thursday, July 28 by Dougherty & Company. Raymond James downgraded the stock to “Outperform” rating in Tuesday, January 5 report. The stock has “Buy” rating given by Dougherty & Company on Thursday, October 27. Susquehanna downgraded the shares of AEIS in a report on Tuesday, April 19 to “Neutral” rating. Needham downgraded the shares of AEIS in a report on Monday, April 18 to “Hold” rating. Needham maintained the shares of AEIS in a report on Wednesday, August 5 with “Buy” rating. Citigroup initiated Advanced Energy Industries, Inc. (NASDAQ:AEIS) on Wednesday, October 12 with “Neutral” rating. Needham maintained Advanced Energy Industries, Inc. (NASDAQ:AEIS) rating on Thursday, September 17. Needham has “Buy” rating and $34 price target.
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 is 1.11 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 25 funds sold all Advanced Energy Industries, Inc. shares owned while 58 reduced positions. only 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.
Cornerstone Advisors accumulated 0.02% or 492 shares. Sheets Smith Wealth Mngmt accumulated 8,475 shares or 0.09% of the stock. Louisiana State Employees Retirement System, a Louisiana-based fund reported 17,500 shares. The California-based Eam Investors Lc has invested 0.16% in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Stifel Fincl Corp reported 10,321 shares or 0% of all its holdings. Moreover, Thrivent For Lutherans has 0.01% invested in Advanced Energy Industries, Inc. (NASDAQ:AEIS) for 53,458 shares. Wells Fargo & Mn, a California-based fund reported 432,037 shares. The Ontario – Canada-based National Bank Of Montreal Can has invested 0% in Advanced Energy Industries, Inc. (NASDAQ:AEIS). The Ontario – Canada-based Royal Retail Bank Of Canada has invested 0% in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Tudor Invest Corporation Et Al holds 0% or 5,400 shares in its portfolio. Bbva Compass Bank & Trust holds 7,887 shares or 0.02% of its portfolio. Moreover, Mycio Wealth Limited Liability Corp has 0% invested in Advanced Energy Industries, Inc. (NASDAQ:AEIS) for 250 shares. State Street holds 0% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS) for 874,755 shares. Ig Invest Management Ltd holds 33,944 shares or 0.01% of its portfolio. Opus Grp Lc owns 88,830 shares or 0.75% of their US portfolio.
Insider Transactions: Since November 3, 2016, the stock had 0 buys, and 1 sale for $191,280 net activity. Another trade for 4,000 shares valued at $191,280 was made by ROHRS THOMAS M on Thursday, November 3.
Another recent and important Advanced Energy Industries, Inc. (NASDAQ:AEIS) news was published by Globenewswire.com which published an article titled: “Advanced Energy® Highlights Thermal Processing Solutions at SPS IPC Drives 2016” on November 22, 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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