Advanced Energy Industries, Inc. (NASDAQ:AEIS) is a business that provides precision power conversion, measurement and control solutions. Currently, the company has caught the attention of 10 brokerages who are offering coverage to its shares. Reports by Bloomberg indicate that the company has been given an average rating of “Moderate Buy” based on the analyses of these experts.
The results from Bloomberg showed that six investment analysts have given their buy recommendations to Advanced Energy Industries’ shares, indicating a strong belief in their potential for growth. Three other analysts have suggested holding on to these shares while the average target price for them over the 12-month period is $104.43.
In terms of dividends, Advanced Energy Industries recently announced a quarterly payment schedule with stockholders who were on record as at Monday, May 22nd receiving $0.10 per share paid on Friday, June 2nd. On an annualized basis, this sum represents a dividend yield of 0.43%. However, it’s worth noting that only shareholders recorded before the ex-dividend date (Friday, May 19th) will receive these benefits.
Thinking about what Advanced Energy Industries offers and their performance so far speaks volumes. Their array of products includes innovative goods such as Plasma Power Generators, High Voltage Products, Low Voltage Power Supplies and Remote Plasma Sources which have contributed significantly to Precision Power Conversion technologies.
Similarly impressive are their Temperature Measurement Products that boast high sensitivity making it suitable for all types of equipment while being precise in its measurements and easy to install as well as operate. Moreover, their Electrostatic Products and Gas Sensors add value through features such as low cost yet robust design and high accuracy respectively.
With more innovation in sight within the energy industry we can expect Advanced Energy Industries to keep up with latest technological advancements while still staying relevant in challenging market situations like changes in government regulations regarding Power Conversion solutions which are essential parts of our gadgets today from cell phones to vehicle charging. In this respect, their announcement of a strong dividend payout ratio (DPR) at 7.78% is proof that they understand and are committed to delivering value to their shareholders in tandem with their growing business portfolio.
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Advanced Energy Industries Receives Positive Ratings and Investor Confidence from Research Firms and Institutions
Advanced Energy Industries Receives Positive Ratings from Research Firms
In a recent development, Advanced Energy Industries (AEIS) has been receiving positive ratings from research firms. The electronics maker received a “buy” rating from Citigroup in February, while Needham & Company LLC raised its price target to $112.00 with a “buy” rating on the stock in the same month.
The positive sentiment for AEIS continued in May when StockNews.com started coverage on the company and set a “hold” rating on its stock. This sentiment was supported by Cowen’s “market perform” rating and Benchmark’s “buy” rating on AEIS.
On Tuesday, August 3rd, AEIS opened at $93.47 with market capitalization worth $3.51 billion, a price-to-earnings ratio of 18.18, and a beta of 1.56. The firm’s 50-day simple moving average is $90.86 with a two-hundred day simple moving average of $91.16.
Furthermore, institutional investors continue to show confidence in AEIS as they have modified their holdings in the company over recent months. Raymond James Financial Services Advisors Inc., Bank of New York Mellon Corp, US Bancorp DE, HighTower Advisors LLC and Citigroup Inc are some of the major institutional investors who boosted their stakes in AEIS during Q1 2021.
In conclusion, with this positive feedback from research firms rated on Wall Street combined with institutional investor confidence reflects that there may be further momentum for AEIS in this industry going forward. Investors should be watching for further developments and considering adding this stock to their portfolios as it could hold lucrative returns in the future.
