The average Wall Street analyst rating for Electro Scientific Industries, Inc.is Strong Buy, according to the average of 3 analyst scores. (ESIO) most recent 13F filing, the company has 19 new institutional holders - accounting for 676,632 shares of its common stock. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.33, indicating analysts in general look favorably on the company's future prospects.
Electro Scientific Industries, 's beta is at 0.56 making it less volatile than the overall market which definitionaly has a beta of 1. Needham & Company LLC raised shares of Electro Scientific Industries from a hold rating to a buy rating and set a $12.00 target price for the company in a research report on Thursday, August 3rd. ValuEngine upgraded Electro Scientific Industries from a "sell" rating to a "hold" rating in a report on Thursday, August 3rd. The company presently has an average rating of "Buy" and a consensus target price of $15.88. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Prudential Financial Inc. now owns 76,832 shares of the semiconductor company's stock worth $535,000 after purchasing an additional 5,130 shares in the last quarter. Arizona State Retirement System now owns 17,065 shares of the semiconductor company's stock worth $119,000 after purchasing an additional 400 shares in the last quarter.
Examining Institutional Ownership at Electro Scientific Industries, Inc. Finally, Royal Bank of Canada raised its position in shares of Electro Scientific Industries by 3.3% in the second quarter.
Several hedge funds and other institutional investors have recently modified their holdings of the company.
The Relative Strength Index (RSI) is one of the most popular technical indicators used to ascertain strengthening and weakening momentum in stock movements. (NASDAQ:ESIO) reached 262.44% versus a 1-year low price of $4.54.
Analysts often look at short interest, or the number of shares now being shorted by investors, to aid in their outlook for a particular stock. The stock is among the market's biggest losers today. This represents a decrease of -7% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks. (NASDAQ:ESIO) has seen its stock price gain 10.39, or +175.51%, so far in 2017. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.05 by $0.04. The insider now holds 16,000 shares of Electro Scientific Industries, Inc. The business earned $47.70 million during the quarter, compared to analysts' expectations of $50.75 million. The firm's revenue was up 139.3% on a year-over-year basis. Equities analysts expect that Electro Scientific Industries will post ($0.11) earnings per share for the current year.
Analyzing recent insider trading activity at Electro Scientific Industries, Inc. The Company operates in two segments, Component Processing and Micromachining.
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