Electro Scientific Industries Inc. (NASDAQ:ESIO) was up 4.9% on Friday . The stock traded as high as $6.42 and last traded at $6.42, with a volume of 63,689 shares. The stock had previously closed at $6.12.

Several equities research analysts recently weighed in on ESIO shares. Zacks Investment Research lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. Needham & Company LLC lifted their target price on 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 price is $6.33 and its 200-day moving average price is $6.59. The company’s market capitalization is $203.30 million.

Electro Scientific Industries (NASDAQ:ESIO) last released its earnings results on Tuesday, May 10th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The company earned $51.50 million during the quarter, compared to analysts’ expectations of $49.75 million. The company’s revenue was up 37.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.21) earnings per share. On average, equities research analysts expect that Electro Scientific Industries Inc. will post $0.25 earnings per share for the current fiscal year.

In other news, CFO Paul R. Oldham sold 5,082 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $1,506,525.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Bing-Fai Wong sold 10,000 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $7.11, for a total value of $71,100.00. Following the transaction, the vice president now directly owns 97,674 shares in the company, valued at $694,462.14. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Electro Scientific Industries stock. Royce & Associates LLC raised its position in shares of 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. The institutional investor owned 1,591,279 shares of the company’s stock after buying an additional 168,700 shares during the period. Royce & Associates LLC owned approximately 5.05% of Electro Scientific Industries worth $8,259,000 as of its most recent SEC filing.

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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