BidaskClub upgraded shares of Electro Scientific Industries (NASDAQ:ESIO) from a buy rating to a strong-buy rating in a research report report published on Wednesday, March 21st.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Electro Scientific Industries from a hold rating to a strong-buy rating and set a $30.00 target price on the stock in a report on Monday, January 22nd. TheStreet upgraded shares of Electro Scientific Industries from a c rating to a b- rating in a report on Friday, January 19th. Needham & Company LLC boosted their price objective on shares of Electro Scientific Industries from $27.00 to $35.00 and gave the stock a buy rating in a report on Thursday, January 18th. DA Davidson reiterated a buy rating and issued a $32.00 price objective on shares of Electro Scientific Industries in a report on Thursday, January 18th. Finally, Stifel Nicolaus assumed coverage on shares of Electro Scientific Industries in a report on Wednesday, March 14th. They issued a buy rating and a $36.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Electro Scientific Industries has an average rating of Buy and a consensus price target of $32.60.
Shares of NASDAQ:ESIO traded up $0.22 during midday trading on Wednesday, hitting $19.57. 382,942 shares of the company’s stock traded hands, compared to its average volume of 1,209,241. The company has a current ratio of 2.86, a quick ratio of 2.04 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $637.15, a price-to-earnings ratio of -17.02, a PEG ratio of 0.72 and a beta of 0.93. Electro Scientific Industries has a twelve month low of $6.19 and a twelve month high of $27.72.
Electro Scientific Industries (NASDAQ:ESIO) last posted its earnings results on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.16. The business had revenue of $110.80 million for the quarter, compared to analyst estimates of $107.00 million. Electro Scientific Industries had a net margin of 7.63% and a return on equity of 14.57%. The business’s quarterly revenue was up 227.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.23) EPS. analysts predict that Electro Scientific Industries will post 2.5 earnings per share for the current year.
In other Electro Scientific Industries news, VP John Edward Williams sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $18.05, for a total value of $90,250.00. Following the transaction, the vice president now owns 59,800 shares in the company, valued at approximately $1,079,390. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.22% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ESIO. Northern Trust Corp increased its position in shares of Electro Scientific Industries by 15.6% in the 2nd quarter. Northern Trust Corp now owns 374,131 shares of the semiconductor company’s stock worth $3,083,000 after purchasing an additional 50,409 shares during the last quarter. State Street Corp increased its position in shares of Electro Scientific Industries by 13.4% in the 2nd quarter. State Street Corp now owns 595,910 shares of the semiconductor company’s stock worth $4,911,000 after purchasing an additional 70,197 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Electro Scientific Industries by 22.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,532 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 4,970 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Electro Scientific Industries by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 55,864 shares of the semiconductor company’s stock worth $460,000 after purchasing an additional 500 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Electro Scientific Industries in the 3rd quarter worth about $317,000. 83.85% of the stock is owned by institutional investors.
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Electro Scientific Industries Company Profile
Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems.
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