Electro Scientific Industries, Inc. (ESIO) Stock Price Increases Today

September 17, 2017 - By Winifred Garcia

Investors sentiment decreased to 1.42 in Q4 2016. Its down 0.23, from 1.65 in 2016Q3. It fall, as 19 investors sold Electro Scientific Industries, Inc. shares while 19 reduced holdings. 12 funds opened positions while 42 raised stakes. 22.72 million shares or 3.05% more from 22.05 million shares in 2016Q3 were reported.
Manufacturers Life Insur The holds 19,154 shares. Teton holds 0.06% in Electro Scientific Industries, Inc. (NASDAQ:ESIO) or 101,039 shares. Citigroup reported 55,094 shares stake. Susquehanna Llp accumulated 26,578 shares or 0% of the stock. Blackrock Investment Limited Company has 144,273 shares. Louisiana State Employees Retirement has 13,100 shares for 0% of their portfolio. Arizona State Retirement Sys holds 0% of its portfolio in Electro Scientific Industries, Inc. (NASDAQ:ESIO) for 16,665 shares. Raymond James Associate, a Florida-based fund reported 27,408 shares. Tennessee-based State Of Tennessee Treasury Department has invested 0% in Electro Scientific Industries, Inc. (NASDAQ:ESIO). Blackrock Institutional Com Na accumulated 804,720 shares. Moreover, Prtnrs Ltd Liability Company has 0.01% invested in Electro Scientific Industries, Inc. (NASDAQ:ESIO) for 28,700 shares. Prudential Financial Inc stated it has 71,702 shares or 0% of all its holdings. Capstone Asset Mngmt holds 0% or 19,810 shares. Blackrock Fund Advsrs holds 2.63M shares. Blackrock has 0% invested in Electro Scientific Industries, Inc. (NASDAQ:ESIO).

Since May 11, 2017, it had 0 insider buys, and 1 sale for $529,694 activity.

The stock of Electro Scientific Industries, Inc. (NASDAQ:ESIO) is a huge mover today! The stock increased 3.48% or $0.43 on September 15, reaching $12.78. About 789,624 shares traded or 88.99% up from the average. Electro Scientific Industries, Inc. (NASDAQ:ESIO) has risen 19.94% since September 17, 2016 and is uptrending. It has outperformed by 3.24% the S&P500.
The move comes after 8 months positive chart setup for the $423.49M company. It was reported on Sep, 17 by Barchart.com. We have $13.42 PT which if reached, will make NASDAQ:ESIO worth $21.17M more.

Wall Street await Electro Scientific Industries, Inc. (NASDAQ:ESIO) to release earnings on November, 7. Analysts forecast earnings per share of $0.18, up exactly $0.48 or 160.00 % from 2014’s $-0.3 EPS. The expected ESIO’s profit could reach $5.96 million giving the stock 17.75 P/E in the case that $0.18 earnings per share is reported. After posting $0.08 EPS for the previous quarter, Electro Scientific Industries, Inc.’s analysts now forecast 125.00 % EPS growth.

Electro Scientific Industries, Inc. (NASDAQ:ESIO) Ratings Coverage

Among 2 analysts covering Electro Scientific Industries (NASDAQ:ESIO), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Electro Scientific Industries had 6 analyst reports since August 11, 2015 according to SRatingsIntel. Zacks downgraded Electro Scientific Industries, Inc. (NASDAQ:ESIO) on Monday, August 31 to “Hold” rating. The firm earned “Buy” rating on Wednesday, February 3 by Needham. Needham maintained the shares of ESIO in report on Wednesday, May 11 with “Buy” rating. The firm earned “Buy” rating on Monday, February 27 by Lake Street. The stock has “Buy” rating by Needham on Thursday, August 3. On Tuesday, August 11 the stock rating was upgraded by Zacks to “Sell”.

More notable recent Electro Scientific Industries, Inc. (NASDAQ:ESIO) news were published by: Zacks.com which released: “Electro Scientific Industries (ESIO) Shares March Higher, Can It Continue …” on August 09, 2017, also Seekingalpha.com with their article: “Electro Scientific Industries’ (ESIO) CEO Michael Burger on Q1 2018 Results …” published on August 03, 2017, Globenewswire.com published: “ESI Announces Hiring of John Williams as Vice President of Marketing” on March 01, 2017. More interesting news about Electro Scientific Industries, Inc. (NASDAQ:ESIO) were released by: Seekingalpha.com and their article: “Electro Scientific Deserves A Higher Multiple” published on August 21, 2017 as well as Seekingalpha.com‘s news article titled: “Electro Scientific Industries’ (ESIO) CEO Michael Burger on Q3 2017 Results …” with publication date: February 02, 2017.

Electro Scientific Industries, Inc. and its subsidiaries supply laser manufacturing solutions for industries reliant on microtechnologies. The company has market cap of $423.49 million. The Firm operates through two divisions: Component Processing and Micromachining. It currently has negative earnings. The Component Processing segment includes interconnect products, semiconductor products and component products.

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