Shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) have been assigned an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $30.00.

Several analysts have commented on the stock. ValuEngine upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. BidaskClub upgraded shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. DA Davidson cut shares of Electro Scientific Industries from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Wednesday, October 31st. Needham & Company LLC cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Lake Street Capital cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Electro Scientific Industries by 2.2% in the 3rd quarter. BlackRock Inc. now owns 4,871,538 shares of the semiconductor company’s stock worth $85,008,000 after buying an additional 106,391 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Electro Scientific Industries by 33.3% in the 3rd quarter. Royce & Associates LP now owns 2,313,017 shares of the semiconductor company’s stock worth $40,362,000 after buying an additional 578,032 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Electro Scientific Industries by 8.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,133,628 shares of the semiconductor company’s stock worth $37,232,000 after buying an additional 160,217 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Electro Scientific Industries by 17.1% in the 3rd quarter. Renaissance Technologies LLC now owns 2,118,520 shares of the semiconductor company’s stock worth $36,968,000 after buying an additional 309,800 shares during the last quarter. Finally, Divisar Capital Management LLC increased its holdings in shares of Electro Scientific Industries by 29.1% in the 3rd quarter. Divisar Capital Management LLC now owns 1,006,820 shares of the semiconductor company’s stock worth $17,569,000 after buying an additional 226,653 shares during the last quarter. Hedge funds and other institutional investors own 91.21% of the company’s stock.

ESIO stock traded down $0.36 during mid-day trading on Monday, hitting $28.62. The company had a trading volume of 708,100 shares, compared to its average volume of 966,890. The stock has a market cap of $993.91 million, a P/E ratio of 10.68, a PEG ratio of 1.20 and a beta of -0.01. Electro Scientific Industries has a 12-month low of $13.92 and a 12-month high of $29.62. The company has a quick ratio of 4.16, a current ratio of 5.67 and a debt-to-equity ratio of 0.04.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings results on Tuesday, October 30th. The semiconductor company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $85.92 million for the quarter, compared to analysts’ expectations of $84.35 million. Electro Scientific Industries had a net margin of 37.32% and a return on equity of 45.60%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. On average, analysts anticipate that Electro Scientific Industries will post 2.01 EPS for the current fiscal year.

About Electro Scientific Industries

Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. The company provides printed circuit board laser drilling products, including laser via drilling systems for electrical interconnect applications that require dimensions to create electrical connections between layers in flexible circuits, high-density circuit boards, and interconnect packages; micro via drilling technology that addresses the changing applications in interconnect packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems that employ technology in lasers, optics, and motion control.

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