Electro Scientific Industries (NASDAQ:ESIO) had its target price upped by Needham & Company LLC from $27.00 to $35.00 in a research report sent to investors on Thursday, January 18th, Marketbeat reports. They currently have a buy rating on the semiconductor company’s stock.
ESIO has been the subject of several other reports. Zacks Investment Research cut Electro Scientific Industries from a buy rating to a hold rating in a research report on Friday, December 8th. Lake Street Capital upped their target price on Electro Scientific Industries from $14.50 to $22.00 and gave the stock a buy rating in a report on Thursday, November 2nd. DA Davidson reiterated a buy rating and set a $25.00 target price on shares of Electro Scientific Industries in a report on Thursday, November 2nd. Finally, BidaskClub lowered Electro Scientific Industries from a strong-buy rating to a buy rating in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $31.00.
Electro Scientific Industries (NASDAQ:ESIO) opened at $16.89 on Thursday. Electro Scientific Industries has a 52 week low of $6.17 and a 52 week high of $27.72. 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 capitalization of $559.68, a PE ratio of 27.69, a price-to-earnings-growth ratio of 0.73 and a beta of 0.76.
Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings data 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 company had revenue of $110.80 million during the quarter, compared to analysts’ expectations of $107.00 million. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. Electro Scientific Industries’s revenue for the quarter was up 227.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) earnings per share. equities research analysts predict that Electro Scientific Industries will post 1.99 EPS for the current year.
In other Electro Scientific Industries news, CFO Paul R. Oldham sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $24.08, for a total value of $1,444,800.00. Following the sale, the chief financial officer now owns 287,665 shares in the company, valued at $6,926,973.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.22% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in shares of Electro Scientific Industries during the third quarter worth approximately $109,000. Virtu KCG Holdings LLC bought a new position in shares of Electro Scientific Industries during the second quarter worth approximately $138,000. LS Investment Advisors LLC increased its stake in shares of Electro Scientific Industries by 723.4% during 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 during the period. Alliancebernstein L.P. bought a new position in shares of Electro Scientific Industries during the second quarter worth approximately $160,000. Finally, PDT Partners LLC increased its stake in shares of Electro Scientific Industries by 2.2% during the second quarter. PDT Partners LLC now owns 19,631 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 431 shares during the period. Hedge funds and other institutional investors own 74.70% of the company’s stock.
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Electro Scientific Industries Company Profile
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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