Electro Scientific Industries, Inc. (NASDAQ:ESIO) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $30.00.

ESIO has been the subject of a number of research reports. BidaskClub upgraded shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. ValuEngine downgraded shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Lake Street Capital downgraded shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Stifel Nicolaus downgraded shares of Electro Scientific Industries from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research report on Tuesday, October 30th. Finally, DA Davidson downgraded shares of Electro Scientific Industries from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Wednesday, October 31st.

Shares of ESIO traded up $0.11 during trading hours on Friday, reaching $29.61. 8,198 shares of the company traded hands, compared to its average volume of 643,728. The firm has a market capitalization of $1.01 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 1.23 and a beta of 0.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.67 and a quick ratio of 4.16. Electro Scientific Industries has a 12-month low of $13.92 and a 12-month high of $29.62.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $85.92 million for the quarter, compared to analyst estimates of $84.35 million. Electro Scientific Industries had a net margin of 37.32% and a return on equity of 45.60%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. As a group, research analysts anticipate that Electro Scientific Industries will post 2.01 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Swiss National Bank lifted its position in Electro Scientific Industries by 14.2% during the second quarter. Swiss National Bank now owns 58,000 shares of the semiconductor company’s stock valued at $915,000 after purchasing an additional 7,200 shares during the period. Fortis Advisors LLC acquired a new position in shares of Electro Scientific Industries in the second quarter worth about $123,000. DDD Partners LLC raised its position in shares of Electro Scientific Industries by 1.5% in the second quarter. DDD Partners LLC now owns 332,852 shares of the semiconductor company’s stock worth $5,249,000 after acquiring an additional 4,935 shares during the period. Renaissance Technologies LLC raised its position in shares of Electro Scientific Industries by 3.4% in the second quarter. Renaissance Technologies LLC now owns 1,808,720 shares of the semiconductor company’s stock worth $28,524,000 after acquiring an additional 60,020 shares during the period. Finally, Putnam Investments LLC acquired a new position in shares of Electro Scientific Industries in the second quarter worth about $833,000. Institutional investors own 93.28% of the company’s stock.

About Electro Scientific Industries

Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. The company provides printed circuit board laser drilling products, including laser via drilling systems for electrical interconnect applications that require dimensions to create electrical connections between layers in flexible circuits, high-density circuit boards, and interconnect packages; micro via drilling technology that addresses the changing applications in interconnect packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems that employ technology in lasers, optics, and motion control.

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