Electro Scientific Industries, Inc. (NASDAQ:ESIO) had its price target lifted by equities research analysts at Lake Street Capital from $14.50 to $22.00 in a report released on Thursday. The firm currently has a “buy” rating on the semiconductor company’s stock. Lake Street Capital’s target price would suggest a potential upside of 22.97% from the company’s current price.

Several other equities analysts have also weighed in on ESIO. BidaskClub upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a report 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 report on Thursday, August 3rd. ValuEngine upgraded shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. 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 report on Tuesday, August 8th. Finally, DA Davidson boosted their target price on shares of Electro Scientific Industries from $1.45 to $25.00 and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $21.50.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $65.53 million. During the same quarter in the prior year, the company earned ($0.24) EPS. Electro Scientific Industries’s revenue was up 139.3% compared to the same quarter last year.

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A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in Electro Scientific Industries by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,572,379 shares of the semiconductor company’s stock valued at $21,196,000 after purchasing an additional 58,941 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Electro Scientific Industries by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,622,345 shares of the semiconductor company’s stock valued at $13,368,000 after purchasing an additional 6,881 shares during the last quarter. Divisar Capital Management LLC boosted its holdings in Electro Scientific Industries by 7.8% in the 2nd quarter. Divisar Capital Management LLC now owns 1,549,807 shares of the semiconductor company’s stock valued at $12,770,000 after purchasing an additional 112,319 shares during the last quarter. State Street Corp boosted its holdings in Electro Scientific Industries by 13.4% in the 2nd quarter. State Street Corp now owns 595,910 shares of the semiconductor company’s stock valued at $4,911,000 after purchasing an additional 70,197 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Electro Scientific Industries by 6.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 544,483 shares of the semiconductor company’s stock valued at $4,486,000 after purchasing an additional 31,140 shares during the last quarter. Institutional investors own 73.09% of the company’s stock.

About Electro Scientific Industries

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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