Electro Scientific Industries (NASDAQ:ESIO) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Friday, April 13th.
Other research analysts also recently issued reports about the company. TheStreet raised Electro Scientific Industries from a “c” rating to a “b-” rating in a research note on Friday, January 19th. ValuEngine raised Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Lake Street Capital set a $30.00 price objective on Electro Scientific Industries and gave the company a “buy” rating in a research note on Thursday, March 22nd. Stifel Nicolaus initiated coverage on Electro Scientific Industries in a research note on Wednesday, March 14th. They issued a “buy” rating and a $36.00 price objective on the stock. Finally, Needham & Company LLC boosted their price objective on Electro Scientific Industries from $27.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $32.60.
NASDAQ ESIO opened at $19.11 on Friday. Electro Scientific Industries has a 12 month low of $6.42 and a 12 month high of $27.72. The stock has a market capitalization of $636.48, a price-to-earnings ratio of -16.62, a P/E/G ratio of 0.72 and a beta of 0.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.04 and a current ratio of 2.86.
In related news, VP John Edward Williams sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $18.05, for a total transaction of $90,250.00. Following the transaction, the vice president now directly owns 59,800 shares of the company’s stock, valued at approximately $1,079,390. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.22% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP raised its stake in Electro Scientific Industries by 3.4% during the 3rd quarter. GSA Capital Partners LLP now owns 93,400 shares of the semiconductor company’s stock worth $1,300,000 after buying an additional 3,100 shares during the period. Russell Investments Group Ltd. raised its stake in Electro Scientific Industries by 6.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 52,964 shares of the semiconductor company’s stock worth $737,000 after buying an additional 3,225 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Electro Scientific Industries by 58.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,480 shares of the semiconductor company’s stock worth $174,000 after buying an additional 4,620 shares during the period. Flinton Capital Management LLC acquired a new position in Electro Scientific Industries during the 4th quarter worth approximately $118,000. Finally, LS Investment Advisors LLC raised its stake in Electro Scientific Industries by 723.4% during the 4th quarter. LS Investment Advisors LLC now owns 7,361 shares of the semiconductor company’s stock worth $158,000 after buying an additional 6,467 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This piece of content was first posted by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://weekherald.com/2018/04/21/electro-scientific-industries-esio-upgraded-to-strong-buy-at-bidaskclub.html.
Electro Scientific Industries Company Profile
Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems.
Receive News & Ratings for Electro Scientific Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries and related companies with MarketBeat.com's FREE daily email newsletter.