Electro Scientific Industries, Inc. (NASDAQ:ESIO) has earned an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $9.00.

ESIO has been the topic of a number of analyst reports. Lake Street Capital reaffirmed a “buy” rating and set a $9.00 price objective (up from $7.50) on shares of Electro Scientific Industries in a research report on Wednesday, May 10th. BidaskClub raised Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, ValuEngine raised Electro Scientific Industries from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.

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Shares of Electro Scientific Industries (NASDAQ ESIO) traded up 0.80% during midday trading on Tuesday, hitting $8.82. The stock had a trading volume of 59,354 shares. Electro Scientific Industries has a 12 month low of $4.50 and a 12 month high of $9.20. The stock’s 50 day moving average price is $8.50 and its 200 day moving average price is $7.31. The firm’s market cap is $291.97 million.

Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported ($0.54) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.28. Electro Scientific Industries had a negative net margin of 23.23% and a negative return on equity of 23.01%. The company had revenue of $49.90 million for the quarter, compared to analysts’ expectations of $42.67 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts forecast that Electro Scientific Industries will post $0.15 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in shares of Electro Scientific Industries during the second quarter valued at about $379,000. Kirr Marbach & Co. LLC IN increased its stake in shares of Electro Scientific Industries by 58.4% in the second quarter. Kirr Marbach & Co. LLC IN now owns 70,250 shares of the semiconductor company’s stock valued at $579,000 after buying an additional 25,900 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Electro Scientific Industries by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 200 shares during the period. Divisar Capital Management LLC increased its stake in shares of Electro Scientific Industries by 24.1% in the first quarter. Divisar Capital Management LLC now owns 1,437,488 shares of the semiconductor company’s stock valued at $10,019,000 after buying an additional 278,813 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Electro Scientific Industries by 109.2% in the first quarter. Bank of America Corp DE now owns 49,374 shares of the semiconductor company’s stock valued at $344,000 after buying an additional 25,771 shares during the period. 73.26% of the stock is currently owned by institutional investors.

Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.

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