Shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) have been assigned an average rating of “Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $31.00.
Several research firms recently commented on ESIO. Zacks Investment Research raised Electro Scientific Industries from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research note on Monday, January 22nd. TheStreet raised Electro Scientific Industries from a “c” rating to a “b-” rating in a research note on Friday, January 19th. Lake Street Capital boosted their target price on Electro Scientific Industries from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Needham & Company LLC boosted their target price on Electro Scientific Industries from $27.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, DA Davidson reissued a “buy” rating and set a $32.00 target price on shares of Electro Scientific Industries in a research note on Thursday, January 18th.
Electro Scientific Industries (ESIO) traded up $1.31 on Friday, reaching $17.36. The company had a trading volume of 2,157,005 shares, compared to its average volume of 1,942,318. Electro Scientific Industries has a 1 year low of $6.17 and a 1 year high of $27.72. The firm has a market cap of $538.51, a PE ratio of 28.93, a price-to-earnings-growth ratio of 0.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.86 and a quick ratio of 2.04.
In other news, CFO Paul R. Oldham sold 60,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $24.08, for a total transaction of $1,444,800.00. Following the completion of the transaction, the chief financial officer now directly owns 287,665 shares of the company’s stock, valued at approximately $6,926,973.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.22% of the company’s stock.
Several large investors have recently added to or reduced their stakes in ESIO. Algert Global LLC acquired a new position in shares of Electro Scientific Industries during the 3rd quarter worth about $5,205,000. EAM Investors LLC lifted its holdings in shares of Electro Scientific Industries by 276.7% in the 3rd quarter. EAM Investors LLC now owns 271,777 shares of the semiconductor company’s stock valued at $3,783,000 after purchasing an additional 199,637 shares during the last quarter. Chicago Equity Partners LLC raised its stake in Electro Scientific Industries by 473.0% during the 4th quarter. Chicago Equity Partners LLC now owns 231,793 shares of the semiconductor company’s stock valued at $4,967,000 after acquiring an additional 191,337 shares during the last quarter. OxFORD Asset Management LLP purchased a new stake in Electro Scientific Industries during the 3rd quarter valued at approximately $2,609,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Electro Scientific Industries during the 4th quarter valued at approximately $2,751,000. 74.84% of the stock is owned by institutional investors and hedge funds.
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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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