Electro Scientific Industries, Inc. (ESIO) Price Target Raised to $27.00 at Needham & Company LLC

Electro Scientific Industries, Inc. (NASDAQ:ESIO) had its price target hoisted by Needham & Company LLC from $12.00 to $27.00 in a research report released on Thursday, November 2nd, Marketbeat reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.

Several other brokerages have also commented on ESIO. Lake Street Capital lifted their price target on Electro Scientific Industries from $14.50 to $22.00 and gave the stock a buy rating in a research note on Thursday, November 2nd. DA Davidson reaffirmed a buy rating and set a $25.00 price target on shares of Electro Scientific Industries in a research note on Thursday, November 2nd. Zacks Investment Research downgraded shares of Electro Scientific Industries from a buy rating to a hold rating in a research note on Tuesday, October 3rd. BidaskClub raised shares of Electro Scientific Industries from a hold rating to a buy rating in a research note on Wednesday, August 9th. Finally, ValuEngine raised shares of Electro Scientific Industries from a sell rating to a hold rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $25.25.

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 quick ratio of 1.96, a current ratio of 2.81 and a debt-to-equity ratio of 0.08.

Electro Scientific Industries (NASDAQ:ESIO) last issued its earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.27 by $0.12. The company had revenue of $70.97 million for the quarter, compared to analyst estimates of $65.53 million. Electro Scientific Industries had a negative net margin of 9.00% and a negative return on equity of 13.50%. The business’s revenue was up 139.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.24) EPS. equities research analysts forecast that Electro Scientific Industries will post 1.14 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Electro Scientific Industries, Inc. (ESIO) Price Target Raised to $27.00 at Needham & Company LLC” was reported by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://baseballnewssource.com/markets/needham-company-llc-increases-electro-scientific-industries-inc-esio-price-target-to-27-00/1752271.html.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC acquired a new position in shares of Electro Scientific Industries in the 3rd quarter valued at approximately $5,205,000. EAM Investors LLC raised its position in shares of Electro Scientific Industries by 276.7% in the 3rd quarter. EAM Investors LLC now owns 271,777 shares of the semiconductor company’s stock valued at $3,783,000 after purchasing an additional 199,637 shares in the last quarter. OxFORD Asset Management LLP acquired a new position in shares of Electro Scientific Industries in the 3rd quarter valued at approximately $2,609,000. Vanguard Group Inc. raised its position in shares of Electro Scientific Industries by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 1,615,464 shares of the semiconductor company’s stock valued at $11,260,000 after purchasing an additional 172,926 shares in the last quarter. Finally, ClariVest Asset Management LLC acquired a new position in shares of Electro Scientific Industries in the 3rd quarter valued at approximately $1,758,000. Hedge funds and other institutional investors own 69.07% 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.

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.