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.
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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