Recent Analysts’ Ratings Updates for Electro Scientific Industries (ESIO)

A number of research firms have changed their ratings and price targets for Electro Scientific Industries (NASDAQ: ESIO):

  • 3/22/2018 – Electro Scientific Industries was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Electro Scientific Industries, Inc. designs and manufactures sophisticated products used around the world in electronics manufacturing including: laser manufacturing systems for semiconductor yield improvement; production and test equipment for the manufacture of surface mount ceramic capacitors; laser trim systems for precise electrical tuning of circuits; precision laser and mechanical drilling systems for electronic interconnection; and machine vision systems. The systems enable precise engineering and testing of micron to submicron features in semiconductors, LEDs, multi-layer ceramic capacitors (MLCCs), printed circuit boards (PCBs), flex circuits and other high-value components. ESI’s integrated solutions allow industrial designers and process engineers to control the power of laser light to transform materials in ways that differentiate their consumer electronics, wearable devices, semiconductor circuits and high-precision components for market advantage. “
  • 3/22/2018 – Electro Scientific Industries was given a new $30.00 price target on by analysts at Lake Street Capital. They now have a “buy” rating on the stock.
  • 3/21/2018 – Electro Scientific Industries was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 3/14/2018 – Electro Scientific Industries is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $36.00 price target on the stock.
  • 3/7/2018 – Electro Scientific Industries was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 3/7/2018 – Electro Scientific Industries was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/1/2018 – Electro Scientific Industries was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/10/2018 – Electro Scientific Industries was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Electro Scientific Industries (NASDAQ:ESIO) traded up $0.69 during midday trading on Monday, hitting $20.74. 347,925 shares of the stock were exchanged, compared to its average volume of 1,321,731. Electro Scientific Industries has a 1-year low of $6.17 and a 1-year high of $27.72. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.86 and a quick ratio of 2.04. The firm has a market capitalization of $672.72, a P/E ratio of 34.57, a PEG ratio of 0.67 and a beta of 0.99.

Electro Scientific Industries (NASDAQ:ESIO) last posted 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. The firm had revenue of $110.80 million for the quarter, compared to the consensus estimate of $107.00 million. Electro Scientific Industries had a net margin of 7.63% and a return on equity of 14.57%. The business’s quarterly revenue was up 227.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.23) earnings per share. analysts anticipate that Electro Scientific Industries will post 2.5 EPS 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 shares were sold at an average price of $18.05, for a total transaction of $90,250.00. Following the transaction, the vice president now directly owns 59,800 shares of the company’s stock, valued at $1,079,390. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.22% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in Electro Scientific Industries by 6.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,589,900 shares of the semiconductor company’s stock worth $34,072,000 after buying an additional 92,480 shares during the last quarter. Geode Capital Management LLC increased its position in Electro Scientific Industries by 72.0% during the fourth quarter. Geode Capital Management LLC now owns 685,101 shares of the semiconductor company’s stock worth $14,681,000 after buying an additional 286,902 shares during the last quarter. Bogle Investment Management L P DE increased its position in Electro Scientific Industries by 240.3% during the fourth quarter. Bogle Investment Management L P DE now owns 634,710 shares of the semiconductor company’s stock worth $13,601,000 after buying an additional 448,185 shares during the last quarter. State Street Corp increased its position in Electro Scientific Industries by 13.4% during the second quarter. State Street Corp now owns 595,910 shares of the semiconductor company’s stock worth $4,911,000 after buying an additional 70,197 shares during the last quarter. Finally, Shellback Capital LP acquired a new position in Electro Scientific Industries during the fourth quarter worth $12,407,000. 83.92% of the stock is currently owned by hedge funds and other institutional investors.

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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