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

Price Action Report: 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 $66.86 target or 24.00% above today’s $53.92 share price. The 7 months bullish chart indicates low risk for the $2.21B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $66.86 price target is reached, the company will be worth $530.40 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 63,779 shares traded hands. Advanced Energy Industries, Inc. (NASDAQ:AEIS) has risen 50.79% since April 15, 2016 and is uptrending. It has outperformed by 46.17% 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 stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) earned “Neutral” rating by Susquehanna on Tuesday, April 19. As per Monday, January 4, the company rating was reinitiated by Pacific Crest. The company was downgraded on Monday, April 18 by Needham. The firm has “Buy” rating by Dougherty & Company given on Thursday, July 28. The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) has “Strong-Buy” rating given on Thursday, August 6 by Zacks. Needham maintained the shares of AEIS in a report on Thursday, September 17 with “Buy” rating. As per Wednesday, October 12, the company rating was initiated by Citigroup. The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) earned “Neutral” rating by Bank of America on Wednesday, April 20. The stock of Advanced Energy Industries, Inc. (NASDAQ:AEIS) has “Buy” rating given on Thursday, October 27 by Dougherty & Company. The firm earned “Buy” rating on Wednesday, August 5 by Needham.

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 dived, 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.
Gray Fincl Gru Ga Adv Adv holds 0% or 10,774 shares in its portfolio. Bogle Limited Partnership De reported 205,828 shares or 0.54% of all its holdings. Strs Ohio has 27,600 shares for 0% of their US portfolio. Menta Cap Llc accumulated 0.25% or 48,437 shares. Morgan Stanley holds 0% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS) for 160,649 shares. Gemmer Asset Management Limited Com last reported 73 shares in the company. Goldman Sachs Group Incorporated Incorporated, a New York-based fund reported 344,280 shares. Globeflex Capital Ltd Partnership holds 0.37% or 35,547 shares in its portfolio. Pub Sector Pension Board last reported 28,232 shares in the company. The New York-based Richard Bernstein Advisors Limited Company has invested 0.33% in Advanced Energy Industries, Inc. (NASDAQ:AEIS). Highbridge Capital Mgmt Llc, a New York-based fund reported 12,139 shares. Ig Inv, a Manitoba – Canada-based fund reported 33,944 shares. Independent Consultants owns 1,885 shares or 0.02% of their US portfolio. Tiaa Cref Management Limited Com holds 0.01% of its portfolio in Advanced Energy Industries, Inc. (NASDAQ:AEIS) for 208,309 shares. Fiera Capital Corporation holds 669,938 shares or 0.14% of its portfolio.

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

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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