Stifel Nicolaus Raises Electro Scientific Industries (NASDAQ:ESIO) Price Target to $37.00

Electro Scientific Industries (NASDAQ:ESIO) had its target price increased by Stifel Nicolaus from $36.00 to $37.00 in a report published on Wednesday, May 9th. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

A number of other analysts have also recently commented on the company. BidaskClub cut Electro Scientific Industries from a strong-buy rating to a buy rating in a research report on Thursday, April 26th. ValuEngine lowered Electro Scientific Industries from a buy rating to a hold rating in a research note on Monday, April 2nd. Zacks Investment Research lowered Electro Scientific Industries from a strong-buy rating to a hold rating in a research note on Thursday, March 22nd. Lake Street Capital set a $30.00 price target on Electro Scientific Industries and gave the company a buy rating in a research note on Thursday, March 22nd. Finally, TheStreet upgraded Electro Scientific Industries from a c rating to a b- rating in a report on Friday, January 19th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $32.80.

Shares of ESIO stock opened at $19.79 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.41 and a current ratio of 3.49. The stock has a market cap of $669.03 million, a P/E ratio of 7.38, a P/E/G ratio of 0.75 and a beta of 0.95. Electro Scientific Industries has a 1-year low of $19.43 and a 1-year high of $19.92.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Tuesday, May 8th. The semiconductor company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.15. The firm had revenue of $113.39 million during the quarter, compared to analysts’ expectations of $103.53 million. Electro Scientific Industries had a return on equity of 40.37% and a net margin of 31.59%. The company’s revenue for the quarter was up 127.1% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. equities analysts anticipate that Electro Scientific Industries will post 2.23 earnings per share for the current fiscal year.

In other news, VP John Edward Williams sold 5,000 shares of the 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 completion of the transaction, the vice president now directly owns 59,800 shares of the company’s stock, valued at approximately $1,079,390. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 6.22% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in Electro Scientific Industries in the 3rd quarter valued at approximately $109,000. Flinton Capital Management LLC purchased a new position in Electro Scientific Industries during the fourth quarter worth $118,000. LS Investment Advisors LLC increased its position in 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 buying an additional 6,467 shares in the last quarter. C M Bidwell & Associates Ltd. increased its position in Electro Scientific Industries by 134.2% during the first quarter. C M Bidwell & Associates Ltd. now owns 9,170 shares of the semiconductor company’s stock worth $177,000 after buying an additional 5,255 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Electro Scientific Industries by 1,793.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,581 shares of the semiconductor company’s stock worth $183,000 after buying an additional 9,075 shares in the last quarter. 86.55% of the stock is owned by hedge funds and other institutional investors.

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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