BidaskClub upgraded shares of Electro Scientific Industries (NASDAQ:ESIO) from a buy rating to a strong-buy rating in a research note released on Wednesday.
Other analysts have also issued research reports about the company. TheStreet upgraded Electro Scientific Industries from a c rating to a b- rating in a report on Friday, January 19th. Lake Street Capital increased their price target on Electro Scientific Industries from $22.00 to $27.00 and gave the company a buy rating in a report on Friday, December 1st. Stifel Nicolaus initiated coverage on Electro Scientific Industries in a report on Wednesday, March 14th. They set a buy rating and a $36.00 price target on the stock. ValuEngine upgraded Electro Scientific Industries from a hold rating to a buy rating in a report on Thursday, March 1st. Finally, Zacks Investment Research upgraded Electro Scientific Industries from a hold rating to a buy rating and set a $25.00 price target on the stock in a report on Friday, December 22nd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $32.60.
Shares of ESIO stock opened at $20.05 on Wednesday. Electro Scientific Industries has a twelve month low of $6.17 and a twelve month high of $27.72. The firm has a market capitalization of $698.22, a price-to-earnings ratio of 33.42, a P/E/G ratio of 0.69 and a beta of 0.99. 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 stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $18.05, for a total value of $90,250.00. Following the sale, the vice president now owns 59,800 shares in the company, valued at $1,079,390. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 6.22% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new stake in Electro Scientific Industries in the third quarter worth $109,000. Flinton Capital Management LLC purchased a new stake in Electro Scientific Industries in the fourth quarter worth $118,000. LS Investment Advisors LLC increased its stake in Electro Scientific Industries by 723.4% in the fourth 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 period. Campbell & CO Investment Adviser LLC purchased a new stake in Electro Scientific Industries in the third quarter worth $164,000. Finally, Stevens Capital Management LP purchased a new stake in Electro Scientific Industries in the third quarter worth $172,000. Institutional investors and hedge funds own 83.92% of the company’s stock.
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Electro Scientific Industries Company Profile
Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems.
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