Electro Scientific Industries (ESIO) Upgraded to Strong-Buy by BidaskClub

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.

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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.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share (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 the consensus estimate of $107.00 million. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. The firm’s revenue was up 227.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.23) EPS. equities research analysts expect that Electro Scientific Industries will post 2.5 EPS for the current year.

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.

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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.

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