Notable Mover: After Touching 52-Week High, Is Advanced Energy Industries, Inc.’s Near-Term Analysis Positive?

Notable Mover: After Touching 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 $82.43 target or 62.00% above today’s $50.88 share price. The 8 months bullish chart indicates low risk for the $2.01 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $82.43 price target is reached, the company will be worth $1.25B 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 194,239 shares traded hands. Advanced Energy Industries, Inc. (NASDAQ:AEIS) has risen 41.03% since April 11, 2016 and is uptrending. It has outperformed by 34.88% 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. Advanced Energy Industries Inc. has been the topic of 13 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was downgraded by Needham on Monday, April 18 to “Hold”. Needham maintained Advanced Energy Industries, Inc. (NASDAQ:AEIS) on Thursday, September 17 with “Buy” rating. The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) has “Buy” rating given on Thursday, October 27 by Dougherty & Company. On Wednesday, August 5 the stock rating was maintained by Needham with “Buy”. Raymond James downgraded the stock to “Outperform” rating in Tuesday, January 5 report. The firm has “Market Perform” rating by Raymond James given on Thursday, July 14. The rating was downgraded by Zacks to “Strong-Buy” on Thursday, August 6. The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) earned “Neutral” rating by Citigroup on Wednesday, October 12. The firm earned “Sector Weight” rating on Monday, January 4 by Pacific Crest. The firm has “Neutral” rating by Susquehanna given on Tuesday, April 19.

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 turned 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.
Blackrock Japan Communication, a Japan-based fund reported 507 shares. Ledyard Comml Bank holds 100 shares or 0% of its portfolio. Spark Investment Mgmt Limited Liability owns 27,800 shares or 0.1% of their US portfolio. Ameriprise has 0.04% invested in the company for 1.87M shares. State Street holds 0% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS) for 874,755 shares. The Pennsylvania-based Glenmede Trust Na has invested 0% in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Westport Resources Management Incorporated owns 11,650 shares or 0.14% of their US portfolio. Catalyst Capital Ltd Liability Company last reported 0.08% of its portfolio in the stock. Ubs Asset Mngmt Americas holds 0% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS) for 27,926 shares. Connable Office Inc reported 9,465 shares or 0.1% of all its holdings. Stevens Capital Management L P accumulated 0.02% or 16,311 shares. Citigroup has 0% invested in the company for 18,010 shares. Menta Cap Ltd Company last reported 0.25% of its portfolio in the stock. Allianz Asset Mgmt Ag reported 75,350 shares or 0% of all its holdings. The New York-based Mutual Of America Cap Mgmt Lc has invested 0% in Advanced Energy Industries, Inc. (NASDAQ:AEIS).

Insider Transactions: Since November 3, 2016, the stock had 0 insider purchases, and 1 sale for $191,280 net activity. Shares for $191,280 were sold by ROHRS THOMAS M.

More news for Advanced Energy Industries, Inc. (NASDAQ:AEIS) were recently published by: Nasdaq.com, which released: “3 Reasons Why Advanced Energy Industries (AEIS) is a Great Momentum Stock” on November 10, 2016. Seekingalpha.com‘s article titled: “Advanced Semiconductor Needs Driving Advanced Energy Industries” and published on September 16, 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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