Electro Scientific Industries Inc. (NASDAQ:ESIO)’s share price shot up 3.1% on Monday . The company traded as high as $6.99 and last traded at $6.98, with a volume of 349,954 shares trading hands. The stock had previously closed at $6.77.

Several equities analysts recently weighed in on ESIO shares. Zacks Investment Research lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Needham & Company LLC lifted their target price on shares of Electro Scientific Industries from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, May 11th.

The firm’s 50-day moving average is $6.27 and its 200-day moving average is $6.71. The firm’s market cap is $219.67 million.

Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. The firm had revenue of $51.50 million for the quarter, compared to the consensus estimate of $49.75 million. The firm’s revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.21) EPS. Equities research analysts forecast that Electro Scientific Industries Inc. will post $0.25 earnings per share for the current fiscal year.

In related news, VP Bing-Fai Wong sold 10,000 shares of Electro Scientific Industries stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $7.11, for a total transaction of $71,100.00. Following the transaction, the vice president now owns 97,674 shares of the company’s stock, valued at approximately $694,462.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul R. Oldham sold 5,082 shares of Electro Scientific Industries stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $6.92, for a total transaction of $35,167.44. Following the transaction, the chief financial officer now directly owns 217,706 shares in the company, valued at approximately $1,506,525.52. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Electro Scientific Industries stock. Royce & Associates LLC boosted its stake in Electro Scientific Industries Inc. (NASDAQ:ESIO) by 11.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,591,279 shares of the company’s stock after buying an additional 168,700 shares during the period. Royce & Associates LLC owned 5.05% of Electro Scientific Industries worth $8,259,000 at the end of the most recent quarter.

Electro Scientific Industries, Inc is a supplier of laser-based manufacturing solutions for the micro technology industry. The Company operates in two segments, Component Processing and Micromachining. Its Component Processing segment includes interconnect products, semiconductor products and component products.

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