Shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) have been given an average rating of “Buy” by the seven ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $31.00.

Several research analysts recently weighed in on the company. Zacks Investment Research lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Lake Street Capital raised their price objective on Electro Scientific Industries from $14.50 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. DA Davidson reissued a “buy” rating and issued a $25.00 price objective on shares of Electro Scientific Industries in a research report on Thursday, November 2nd. BidaskClub lowered Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Finally, Needham & Company LLC raised their price objective on Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd.

Shares of Electro Scientific Industries (NASDAQ:ESIO) traded up $1.31 on Friday, hitting $17.36. The company had a trading volume of 2,157,005 shares, compared to its average volume of 1,942,318. The company has a quick ratio of 2.04, a current ratio of 2.86 and a debt-to-equity ratio of 0.07. The stock has a market cap of $538.51, a price-to-earnings ratio of 28.93, a P/E/G ratio of 0.67 and a beta of 0.76. Electro Scientific Industries has a twelve month low of $6.17 and a twelve month high of $27.72.

Electro Scientific Industries (NASDAQ:ESIO) last issued its earnings results on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.16. The business had revenue of $110.80 million for the quarter, compared to analyst estimates of $107.00 million. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. The business’s quarterly revenue was up 227.8% on a year-over-year basis. During the same period last year, the company posted ($0.23) EPS. equities research analysts forecast that Electro Scientific Industries will post 1.99 EPS for the current year.

In other news, CFO Paul R. Oldham sold 60,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $24.08, for a total transaction of $1,444,800.00. Following the completion of the sale, the chief financial officer now directly owns 287,665 shares in the company, valued at $6,926,973.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.22% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. LS Investment Advisors LLC grew 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 in the last quarter. JPMorgan Chase & Co. acquired a new position in Electro Scientific Industries in the third quarter worth about $109,000. Teacher Retirement System of Texas acquired a new position in Electro Scientific Industries in the fourth quarter worth about $221,000. Campbell & CO Investment Adviser LLC acquired a new position in Electro Scientific Industries in the third quarter worth about $164,000. Finally, Stevens Capital Management LP acquired a new position in Electro Scientific Industries in the third quarter worth about $172,000. Institutional investors and hedge funds own 74.84% of the company’s stock.

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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.

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