Electro Scientific Industries (ESIO) Upgraded at BidaskClub

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.

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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.

Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share for the quarter, beating 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 company had revenue of $110.80 million for the quarter, compared to analyst estimates of $107.00 million. During the same quarter in the prior year, the firm posted ($0.23) EPS. Electro Scientific Industries’s quarterly revenue was up 227.8% compared to the same quarter last year. equities analysts forecast that Electro Scientific Industries will post 2.5 earnings per share for the current fiscal year.

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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