Stock Worth Mentioning: After Reaching 52-Week High, Is Advanced Energy Industries, Inc.’s Near-Term Analysis Positive?

Stock Worth Mentioning: After Reaching 52 Week High, Is Advanced Energy Industries, Inc.'s Near Term Analysis Positive?

The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) hit a new 52-week high and has $57.55 target or 3.00% above today’s $55.87 share price. The 8 months bullish chart indicates low risk for the $2.23B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $57.55 price target is reached, the company will be worth $66.90 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 125,936 shares traded hands. Advanced Energy Industries, Inc. (NASDAQ:AEIS) has risen 67.57% since April 25, 2016 and is uptrending. It has outperformed by 61.56% the S&P500.

Analysts await Advanced Energy Industries, Inc. (NASDAQ:AEIS) to report earnings on February, 6. They expect $0.77 earnings per share, up 175.00% or $0.49 from last year’s $0.28 per share. AEIS’s profit will be $30.73M for 18.14 P/E if the $0.77 EPS becomes a reality. After $0.73 actual earnings per share reported by Advanced Energy Industries, Inc. for the previous quarter, Wall Street now forecasts 5.48% 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 -23.04% below today’s ($55.87) stock price. Advanced Energy Industries Inc. has been the topic of 13 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, July 28 by Dougherty & Company. Raymond James downgraded the stock to “Market Perform” rating in Thursday, July 14 report. Zacks downgraded Advanced Energy Industries, Inc. (NASDAQ:AEIS) on Thursday, August 6 to “Strong-Buy” rating. The company was downgraded on Tuesday, April 19 by Susquehanna. The rating was maintained by Needham with “Buy” on Wednesday, August 5. The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) has “Hold” rating given on Monday, April 18 by Needham. Pacific Crest reinitiated the stock with “Sector Weight” rating in Monday, January 4 report. The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) earned “Buy” rating by Needham on Thursday, September 17. As per Tuesday, January 5, the company rating was downgraded by Raymond James. Citigroup initiated it with “Neutral” rating and $50 target price in Wednesday, October 12 report.

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 Q2 2016. 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.
Teachers Retirement Sys Of The State Of Kentucky holds 0.01% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS) for 17,500 shares. National Bank & Trust Of Montreal Can accumulated 7,876 shares or 0% of the stock. Chicago Equity Prtn Ltd Company has invested 0.04% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Citigroup accumulated 18,010 shares or 0% of the stock. Blackrock Inv Mgmt Ltd Liability Company accumulated 166,360 shares or 0.01% of the stock. Independent Portfolio Consultants Inc last reported 0.02% of its portfolio in the stock. Zacks Inv Management owns 12,790 shares or 0.01% of their US portfolio. Putnam Invests Limited Liability Corp last reported 334,213 shares in the company. Credit Suisse Ag has invested 0% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Millennium Management Lc has invested 0.01% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Moreover, Tci Wealth Advsrs has 0% invested in Advanced Energy Industries, Inc. (NASDAQ:AEIS) for 57 shares. Geode Cap Management Lc owns 306,260 shares or 0.01% of their US portfolio. Prudential holds 0.03% or 515,263 shares in its portfolio. Ubs Asset Mgmt Americas Inc holds 0% or 27,926 shares in its portfolio. Paloma Prtn Communications reported 20,938 shares or 0.01% of all its holdings.

Insider Transactions: Since November 3, 2016, the stock had 0 insider purchases, and 1 sale for $191,280 net activity. ROHRS THOMAS M also sold $191,280 worth of Advanced Energy Industries, Inc. (NASDAQ:AEIS) on Thursday, November 3.

More news for Advanced Energy Industries, Inc. (NASDAQ:AEIS) were recently published by: Finance.Yahoo.com, which released: “Zacks.com featured highlights: Electronic Arts, Vanda Pharmaceuticals …” on November 25, 2016. Globenewswire.com‘s article titled: “Advanced Energy® Highlights Thermal Processing Solutions at SPS IPC Drives 2016” and published on November 22, 2016 is yet another important article.

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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