Electro Scientific Industries, Inc. (NASDAQ:ESIO) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday.

Several other equities analysts also recently weighed in on ESIO. Lake Street Capital restated a “buy” rating and set a $9.00 price target (up from $7.50) on shares of Electro Scientific Industries in a report on Wednesday, May 10th. BidaskClub upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Needham & Company LLC upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.50.

Electro Scientific Industries (NASDAQ ESIO) traded up 9.33% during trading on Thursday, reaching $10.43. 1,022,776 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $8.49 and a 200-day moving average of $7.42. The stock’s market cap is $351.37 million. Electro Scientific Industries has a 12 month low of $4.50 and a 12 month high of $10.47.

Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.20. Electro Scientific Industries had a negative return on equity of 22.18% and a negative net margin of 18.49%. The firm had revenue of $72.70 million during the quarter, compared to the consensus estimate of $61.10 million. During the same period last year, the company earned $0.09 earnings per share. The company’s revenue was up 52.4% on a year-over-year basis. On average, equities research analysts anticipate that Electro Scientific Industries will post $0.54 earnings per share for the current fiscal year.

WARNING: “Electro Scientific Industries, Inc. (NASDAQ:ESIO) Rating Increased to Hold at ValuEngine” was originally published by Daily Political and is the property of of Daily Political. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://www.dailypolitical.com/2017/08/06/electro-scientific-industries-inc-nasdaqesio-rating-increased-to-hold-at-valuengine.html.

Several institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new position in shares of Electro Scientific Industries during the fourth quarter valued at $541,000. Comerica Bank increased its position in shares of Electro Scientific Industries by 8.4% in the fourth quarter. Comerica Bank now owns 34,153 shares of the semiconductor company’s stock valued at $220,000 after buying an additional 2,660 shares during the last quarter. State Street Corp increased its position in shares of Electro Scientific Industries by 10.7% in the fourth quarter. State Street Corp now owns 489,408 shares of the semiconductor company’s stock valued at $2,894,000 after buying an additional 47,450 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Electro Scientific Industries by 1,970.7% in the fourth quarter. Guggenheim Capital LLC now owns 247,904 shares of the semiconductor company’s stock valued at $1,467,000 after buying an additional 235,932 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Electro Scientific Industries by 11.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 17,930 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 1,820 shares during the last quarter. Hedge funds and other institutional investors own 73.39% of the company’s stock.

About Electro Scientific Industries

Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.

Receive News & Ratings for Electro Scientific Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.