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Minnix Lanesha, a director at Advanced Energy Industries Inc. (NASDAQ:AEIS), has reported a sale of company stock according to a recent SEC filing. On February 19, Lanesha sold 1,600 shares of common stock at a price of $129.37 per share, amounting to a total transaction value of $206,992. Following this sale, Lanesha retains ownership of 3,492 shares. The transaction did not involve any equity swaps.The timing of the sale is notable as AEIS shares have surged approximately 18% in the past week, currently trading at $131.54, near their 52-week high of $131.64. According to InvestingPro data, the stock appears overvalued at current levels, with analysts setting price targets ranging from $98 to $145. For deeper insights into AEIS’s valuation and 12+ additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Advanced Energy Industries reported a robust performance for the fourth quarter of 2024, with earnings per share (EPS) of $1.30, surpassing the forecasted $1.10. The company also achieved revenue of $415.4 million, exceeding expectations by 5.41%. Analysts at Stifel have responded positively, raising their price target for Advanced Energy to $135, maintaining a Buy rating due to the company’s strong performance and optimistic guidance for the first quarter of 2025. KeyBanc Capital Markets also maintained an Overweight rating, with a price target of $130, citing the company’s impressive execution and potential for market share gains.
Advanced Energy’s success was notably driven by growth in the Semiconductor Equipment segment, marking its best performance in two years. The company has projected high single-digit revenue growth for 2025, supported by strong demand in the data center market and recovery in the industrial and medical sectors. Analysts from Stifel anticipate a 10% year-over-year revenue increase in 2025, particularly from the data center sector. The company’s gross margin reached 38%, the highest in three years, reflecting improved operational efficiency.
Despite a challenging year with a 10% decline in full-year revenue, Advanced Energy’s outlook remains positive, with expectations of accelerated growth in the latter half of 2025. The firm’s ability to meet increased demand and launch new products has bolstered confidence among analysts and investors alike.
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