Electro Scientific Industries, Inc. (NASDAQ:ESIO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Lake Street Capital in a research report issued on Monday, Marketbeat.com reports. They currently have a $14.50 target price on the semiconductor company’s stock, up from their prior target price of $10.50. Lake Street Capital’s price target indicates a potential upside of 13.46% from the stock’s current price.

Other analysts have also issued research reports about the company. BidaskClub upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, August 8th. ValuEngine upgraded Electro Scientific Industries from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Needham & Company LLC upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $12.83.

Shares of Electro Scientific Industries (NASDAQ ESIO) traded up 6.142% on Monday, hitting $13.565. The stock had a trading volume of 320,398 shares. The stock’s market capitalization is $449.49 million. The firm’s 50 day moving average is $11.18 and its 200-day moving average is $8.50. Electro Scientific Industries has a one year low of $4.50 and a one year high of $13.57.

Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.20. The company 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 quarterly revenue was up 52.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. Equities research analysts expect that Electro Scientific Industries will post $0.72 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in ESIO. Louisiana State Employees Retirement System raised its holdings in Electro Scientific Industries by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the semiconductor company’s stock worth $111,000 after acquiring an additional 200 shares in the last quarter. Arizona State Retirement System increased its position in Electro Scientific Industries by 2.4% during the first quarter. Arizona State Retirement System now owns 17,065 shares of the semiconductor company’s stock worth $119,000 after buying an additional 400 shares during the last quarter. Trexquant Investment LP acquired a new position in Electro Scientific Industries during the second quarter worth approximately $124,000. Thrivent Financial For Lutherans increased its position in Electro Scientific Industries by 1.8% during the first quarter. Thrivent Financial For Lutherans now owns 18,260 shares of the semiconductor company’s stock worth $127,000 after buying an additional 330 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new position in Electro Scientific Industries during the second quarter worth approximately $138,000. Institutional investors and hedge funds own 73.16% of the company’s stock.

About Electro Scientific Industries

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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