Shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) have received a consensus rating of “Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.00.
A number of brokerages recently issued reports on ESIO. ValuEngine raised Electro Scientific Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. BidaskClub raised Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Lake Street Capital lifted 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. DA Davidson reaffirmed a “buy” rating and set a $32.00 price target on shares of Electro Scientific Industries in a research report on Thursday, January 18th. Finally, Needham & Company LLC boosted their price target on Electro Scientific Industries from $27.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th.
Shares of Electro Scientific Industries (ESIO) traded up $0.07 during trading on Wednesday, reaching $19.85. The company had a trading volume of 766,363 shares, compared to its average volume of 1,437,378. 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 $658.29, a price-to-earnings ratio of 32.70, a PEG ratio of 0.83 and a beta of 0.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.04 and a current ratio of 2.86.
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 transaction, the vice president now owns 59,800 shares of the company’s stock, valued at approximately $1,079,390. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.22% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Flinton Capital Management LLC acquired a new position in shares of Electro Scientific Industries during the 4th quarter worth approximately $118,000. LS Investment Advisors LLC increased its position in shares of Electro Scientific Industries by 723.4% during the 4th quarter. LS Investment Advisors LLC now owns 7,361 shares of the semiconductor company’s stock worth $158,000 after purchasing an additional 6,467 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Electro Scientific Industries during the 3rd quarter worth approximately $109,000. Caxton Associates LP acquired a new position in shares of Electro Scientific Industries during the 4th quarter worth approximately $211,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Electro Scientific Industries during the 4th quarter worth approximately $221,000. 83.92% of the stock is currently owned by hedge funds and other institutional investors.
Electro Scientific Industries Company Profile
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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