Electro Scientific Industries (ESIO) Rating Lowered to Sell at BidaskClub

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Electro Scientific Industries (NASDAQ:ESIO) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

A number of other research analysts have also weighed in on ESIO. ValuEngine lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Lake Street Capital set a $30.00 price target on shares of Electro Scientific Industries and gave the company a “buy” rating in a research note on Thursday, March 22nd. Zacks Investment Research lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Thursday, June 7th. Finally, Stifel Nicolaus raised their target price on shares of Electro Scientific Industries from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $31.40.

Shares of Electro Scientific Industries stock opened at $16.78 on Friday. The stock has a market capitalization of $592.74 million, a P/E ratio of 6.26, a P/E/G ratio of 0.65 and a beta of 0.96. Electro Scientific Industries has a twelve month low of $7.50 and a twelve month high of $27.72. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.41 and a current ratio of 3.49.

Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings results on Tuesday, May 8th. The semiconductor company reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.15. The firm had revenue of $113.39 million for the quarter, compared to analyst estimates of $103.53 million. Electro Scientific Industries had a net margin of 31.59% and a return on equity of 40.37%. Electro Scientific Industries’s quarterly revenue was up 127.1% compared to the same quarter last year. During the same period last year, the company posted $0.09 EPS. sell-side analysts forecast that Electro Scientific Industries will post 2.23 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flinton Capital Management LLC purchased a new position in Electro Scientific Industries in the 4th quarter worth approximately $118,000. LS Investment Advisors LLC lifted its stake in Electro Scientific Industries by 723.4% in the 4th quarter. LS Investment Advisors LLC now owns 7,361 shares of the semiconductor company’s stock worth $158,000 after purchasing an additional 6,467 shares in the last quarter. C M Bidwell & Associates Ltd. lifted its stake in Electro Scientific Industries by 134.2% in the 1st quarter. C M Bidwell & Associates Ltd. now owns 9,170 shares of the semiconductor company’s stock worth $177,000 after purchasing an additional 5,255 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Electro Scientific Industries by 1,793.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,581 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 9,075 shares in the last quarter. Finally, Caxton Associates LP purchased a new position in Electro Scientific Industries in the 4th quarter worth approximately $211,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

About Electro Scientific Industries

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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