Electro Scientific Industries, Inc. (NASDAQ:ESIO) has been given an average recommendation of “Buy” by the seven analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $26.33.

ESIO has been the subject of a number of research reports. Zacks Investment Research upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Friday, December 22nd. BidaskClub cut Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. DA Davidson reiterated a “buy” rating and issued a $25.00 price objective on shares of Electro Scientific Industries in a research note on Thursday, November 2nd. Lake Street Capital reiterated a “buy” rating and issued a $14.50 price objective (up previously from $10.50) on shares of Electro Scientific Industries in a research note on Monday, September 18th. Finally, Needham & Company LLC boosted their price objective on Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd.

In other news, CFO Paul R. Oldham sold 120,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $23.49, for a total transaction of $2,818,800.00. Following the completion of the sale, the chief financial officer now owns 237,665 shares in the company, valued at $5,582,750.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul R. Oldham sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $24.08, for a total value of $1,444,800.00. Following the sale, the chief financial officer now owns 287,665 shares of the company’s stock, valued at approximately $6,926,973.20. The disclosure for this sale can be found here. 6.22% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in shares of Electro Scientific Industries during the third quarter worth approximately $109,000. Virtu KCG Holdings LLC purchased a new stake in shares of Electro Scientific Industries during the second quarter worth approximately $138,000. Alliancebernstein L.P. purchased a new stake in shares of Electro Scientific Industries during the second quarter worth approximately $160,000. PDT Partners LLC grew its holdings in Electro Scientific Industries by 2.2% during the second quarter. PDT Partners LLC now owns 19,631 shares of the semiconductor company’s stock worth $162,000 after acquiring an additional 431 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Electro Scientific Industries during the third quarter worth $164,000. Institutional investors and hedge funds own 75.30% of the company’s stock.

Shares of Electro Scientific Industries (NASDAQ:ESIO) traded down $0.19 during midday trading on Tuesday, reaching $20.05. The company’s stock had a trading volume of 664,100 shares, compared to its average volume of 1,002,478. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.96 and a current ratio of 2.81. Electro Scientific Industries has a one year low of $6.10 and a one year high of $27.72. The stock has a market capitalization of $669.36, a PE ratio of -31.83, a P/E/G ratio of 1.47 and a beta of 0.75.

Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.12. Electro Scientific Industries had a negative return on equity of 13.50% and a negative net margin of 9.00%. 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 previous year, the business earned ($0.24) earnings per share. The firm’s revenue for the quarter was up 139.3% on a year-over-year basis. equities analysts predict that Electro Scientific Industries will post 1.14 EPS for the current year.

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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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