BidaskClub cut shares of Electro Scientific Industries (NASDAQ:ESIO) from a buy rating to a hold rating in a research note published on Saturday.

A number of other research firms have also commented on ESIO. Zacks Investment Research upgraded shares of Electro Scientific Industries from a hold rating to a strong-buy rating and set a $30.00 price objective on the stock in a research note on Monday, January 22nd. TheStreet upgraded shares of Electro Scientific Industries from a c rating to a b- rating in a research note on Friday, January 19th. Lake Street Capital lifted their price objective on shares of Electro Scientific Industries from $22.00 to $27.00 and gave the company a buy rating in a research note on Friday, December 1st. Needham & Company LLC lifted their price objective on shares of Electro Scientific Industries from $27.00 to $35.00 and gave the company a buy rating in a research note on Thursday, January 18th. Finally, DA Davidson restated a buy rating and issued a $32.00 price objective on shares of Electro Scientific Industries in a research note on Thursday, January 18th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $31.00.

Electro Scientific Industries (NASDAQ:ESIO) opened at $16.89 on Friday. 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 company has a market cap of $559.68, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 0.73 and a beta of 0.76. Electro Scientific Industries has a one year low of $6.17 and a one year high of $27.72.

Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.16. The company had revenue of $110.80 million for the quarter, compared to analyst estimates of $107.00 million. Electro Scientific Industries had a net margin of 7.63% and a return on equity of 14.57%. Electro Scientific Industries’s quarterly revenue was up 227.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.23) earnings per share. equities research analysts anticipate 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 business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $24.08, for a total transaction of $1,444,800.00. Following the transaction, 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 document filed with the SEC, which is available at this hyperlink. Insiders own 6.22% of the company’s stock.

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in shares of Electro Scientific Industries during the third quarter worth about $109,000. Virtu KCG Holdings LLC acquired a new position in shares of Electro Scientific Industries during the second quarter worth about $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 acquiring an additional 6,467 shares during the period. Alliancebernstein L.P. acquired a new position in shares of Electro Scientific Industries during the second quarter worth about $160,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Electro Scientific Industries during the third quarter worth about $164,000. Institutional investors and hedge funds own 74.70% 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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