Equities researchers at Stifel Nicolaus started coverage on shares of Electro Scientific Industries (NASDAQ:ESIO) in a research report issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the semiconductor company’s stock.
Other research analysts have also issued research reports about the company. TheStreet upgraded Electro Scientific Industries from a “c” rating to a “b-” rating in a research report on Friday, January 19th. BidaskClub upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. ValuEngine upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Lake Street Capital boosted their target price on Electro Scientific Industries from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Friday, December 22nd. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $31.00.
Electro Scientific Industries (NASDAQ:ESIO) traded up $0.18 on Wednesday, reaching $19.67. The company had a trading volume of 534,769 shares, compared to its average volume of 1,404,392. The stock has a market capitalization of $656.95, a price-to-earnings ratio of 32.78, a P/E/G ratio of 0.83 and a beta of 0.98. Electro Scientific Industries has a 12 month low of $6.17 and a 12 month high of $27.72. The company has a current ratio of 2.86, a quick ratio of 2.04 and a debt-to-equity ratio of 0.07.
In other Electro Scientific Industries news, VP John Edward Williams sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $18.05, for a total transaction of $90,250.00. Following the completion of the transaction, the vice president now owns 59,800 shares in the company, valued at $1,079,390. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.22% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of ESIO. JPMorgan Chase & Co. bought a new stake in shares of Electro Scientific Industries during the third quarter valued at approximately $109,000. Flinton Capital Management LLC bought a new stake in shares of Electro Scientific Industries during the fourth quarter valued at approximately $118,000. LS Investment Advisors LLC raised its stake in shares of Electro Scientific Industries by 723.4% during the fourth quarter. LS Investment Advisors LLC now owns 7,361 shares of the semiconductor company’s stock valued at $158,000 after acquiring an additional 6,467 shares in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Electro Scientific Industries during the second quarter valued at approximately $160,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Electro Scientific Industries during the third quarter valued at approximately $164,000. 83.92% of the stock is owned by hedge funds and other institutional investors.
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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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