Electro Scientific Industries, Inc. (NASDAQ:ESIO) has been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $24.67.

A number of equities research analysts have recently commented on ESIO shares. BidaskClub raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Needham & Company LLC upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday, August 3rd. Lake Street Capital dropped their target price on shares of Electro Scientific Industries from $10.50 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. ValuEngine upgraded shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Tuesday, August 8th.

Several institutional investors have recently added to or reduced their stakes in ESIO. Wells Fargo & Company MN lifted its position in shares of Electro Scientific Industries by 97.9% during the 1st quarter. Wells Fargo & Company MN now owns 132,539 shares of the semiconductor company’s stock valued at $924,000 after acquiring an additional 65,554 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Electro Scientific Industries by 1.7% during the 1st quarter. Ameriprise Financial Inc. now owns 513,343 shares of the semiconductor company’s stock valued at $3,578,000 after acquiring an additional 8,690 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of Electro Scientific Industries by 3.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 88,951 shares of the semiconductor company’s stock valued at $620,000 after acquiring an additional 2,887 shares during the period. Prudential Financial Inc. lifted its position in shares of Electro Scientific Industries by 7.2% during the 1st quarter. Prudential Financial Inc. now owns 76,832 shares of the semiconductor company’s stock valued at $535,000 after acquiring an additional 5,130 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Electro Scientific Industries during the 1st quarter valued at $197,000. Institutional investors own 73.09% of the company’s stock.

Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.12. Electro Scientific Industries had a negative net margin of 18.49% and a negative return on equity of 22.18%. The company had revenue of $70.97 million for the quarter, compared to analyst estimates of $65.53 million. During the same period in the prior year, the firm posted ($0.24) EPS. The company’s quarterly revenue was up 139.3% on a year-over-year basis.

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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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