Electro Scientific Industries, Inc. (ESIO) Price Target Raised to $22.00 at Lake Street Capital

Electro Scientific Industries, Inc. (NASDAQ:ESIO) had its price target raised by Lake Street Capital from $14.50 to $22.00 in a research report released on Thursday, November 2nd, Marketbeat Ratings reports. They currently have a buy rating on the semiconductor company’s stock.

Several other research analysts also recently commented on the stock. Zacks Investment Research cut shares of Electro Scientific Industries from a buy rating to a hold rating in a research report on Tuesday, October 3rd. DA Davidson restated a buy rating and set a $25.00 target price on shares of Electro Scientific Industries in a research report on Thursday, November 2nd. BidaskClub upgraded shares of Electro Scientific Industries from a hold rating to a buy rating in a research report on Tuesday, July 25th. Needham & Company LLC upgraded shares of Electro Scientific Industries from a hold rating to a buy rating and set a $12.00 target price on the stock in a research report on Thursday, August 3rd. Finally, ValuEngine raised shares of Electro Scientific Industries from a sell rating to a hold rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $25.25.

Shares of Electro Scientific Industries (NASDAQ:ESIO) opened at $26.11 on Thursday. Electro Scientific Industries has a 1 year low of $5.03 and a 1 year high of $26.63. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.96 and a current ratio of 2.81.

Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.27 by $0.12. Electro Scientific Industries had a negative net margin of 9.00% and a negative return on equity of 13.50%. The business had revenue of $70.97 million during the quarter, compared to the consensus estimate of $65.53 million. During the same quarter in the prior year, the firm earned ($0.24) EPS. The business’s revenue was up 139.3% on a year-over-year basis. sell-side analysts forecast that Electro Scientific Industries will post 1.14 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was first reported by BBNS and is the property of of BBNS. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://baseballnewssource.com/markets/lake-street-capital-increases-electro-scientific-industries-inc-esio-price-target-to-22-00/1752109.html.

In other Electro Scientific Industries news, CFO Paul R. Oldham sold 60,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $24.08, for a total value of $1,444,800.00. Following the completion of the transaction, the chief financial officer now owns 287,665 shares of the company’s stock, valued at $6,926,973.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Paul R. Oldham sold 120,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $23.49, for a total transaction of $2,818,800.00. Following the completion of the transaction, the chief financial officer now directly owns 237,665 shares of the company’s stock, valued at approximately $5,582,750.85. The disclosure for this sale can be found here. 6.22% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its holdings in shares of 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 purchasing an additional 200 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Electro Scientific Industries by 1.8% during the second quarter. Arizona State Retirement System now owns 17,365 shares of the semiconductor company’s stock worth $143,000 after purchasing an additional 300 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of 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 purchasing an additional 330 shares during the last quarter. PDT Partners LLC raised its holdings in shares of Electro Scientific Industries by 2.2% during the second quarter. PDT Partners LLC now owns 19,631 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 431 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Electro Scientific Industries by 0.9% during the second quarter. California State Teachers Retirement System now owns 55,864 shares of the semiconductor company’s stock worth $460,000 after purchasing an additional 500 shares during the last quarter. 69.07% of the stock is owned by hedge funds and other institutional investors.

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.

Receive News & Ratings for Electro Scientific Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.