Electro Scientific Industries, Inc. (ESIO) Given Consensus Rating of “Buy” by Analysts

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.

Electro Scientific Industries (NASDAQ:ESIO) last released its earnings results on Wednesday, January 31st. The semiconductor company reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.16. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. The firm had revenue of $110.80 million during the quarter, compared to analysts’ expectations of $107.00 million. During the same period in the previous year, the firm posted ($0.23) EPS. Electro Scientific Industries’s revenue for the quarter was up 227.8% on a year-over-year basis. equities research analysts anticipate that Electro Scientific Industries will post 1.99 EPS for the current year.

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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