Electro Scientific Industries, Inc. (NASDAQ:ESIO) has earned a consensus rating of “Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $12.83.

ESIO has been the topic of several recent research reports. BidaskClub upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Lake Street Capital dropped their target price on Electro Scientific Industries from $10.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, August 3rd. Needham & Company LLC upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, August 3rd. Zacks Investment Research upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Tuesday, August 8th. Finally, ValuEngine upgraded Electro Scientific Industries from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.

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Electro Scientific Industries (ESIO) traded up 7.90% on Wednesday, reaching $13.79. The company’s stock had a trading volume of 895,339 shares. The stock’s 50 day moving average price is $11.33 and its 200 day moving average price is $8.58. Electro Scientific Industries has a 52-week low of $4.50 and a 52-week high of $14.11. The firm’s market cap is $456.95 million.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.18 by $0.20. The firm had revenue of $72.70 million for the quarter, compared to analyst estimates of $61.10 million. Electro Scientific Industries had a negative return on equity of 22.18% and a negative net margin of 18.49%. The company’s revenue was up 52.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 EPS. Equities research analysts expect that Electro Scientific Industries will post $0.72 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its holdings in Electro Scientific Industries by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the semiconductor company’s stock valued at $111,000 after acquiring an additional 200 shares during the period. Arizona State Retirement System boosted its holdings in Electro Scientific Industries by 2.4% during the 1st quarter. Arizona State Retirement System now owns 17,065 shares of the semiconductor company’s stock valued at $119,000 after acquiring an additional 400 shares during the period. Trexquant Investment LP purchased a new stake in Electro Scientific Industries during the 2nd quarter valued at about $124,000. Thrivent Financial For Lutherans boosted its holdings in Electro Scientific Industries by 1.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 18,260 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 330 shares during the period. Finally, Virtu KCG Holdings LLC purchased a new stake in Electro Scientific Industries during the 2nd quarter valued at about $138,000. Institutional investors own 73.16% of the company’s stock.

Electro Scientific Industries Company Profile

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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