Electro Scientific Industries, Inc. (ESIO) Increases Again; Strong Momentum for Buyers

February 20, 2018 - By Michael Collier

Investors sentiment decreased to 1.89 in Q3 2017. Its down 0.17, from 2.06 in 2017Q2. It dived, as 7 investors sold Electro Scientific Industries, Inc. shares while 31 reduced holdings. 33 funds opened positions while 39 raised stakes. 23.45 million shares or 3.90% more from 22.57 million shares in 2017Q2 were reported.
Gsa Limited Liability Partnership holds 93,400 shares. Alliancebernstein L P holds 0% of its portfolio in Electro Scientific Industries, Inc. (NASDAQ:ESIO) for 19,400 shares. State Street holds 0% or 645,462 shares. Deutsche Bancorp Ag invested 0.01% of its portfolio in Electro Scientific Industries, Inc. (NASDAQ:ESIO). Parkside National Bank And Trust holds 29 shares. Fincl Bank Of Ny Mellon, a New York-based fund reported 385,244 shares. Foundry Partners Ltd has invested 0.19% in Electro Scientific Industries, Inc. (NASDAQ:ESIO). D E Shaw & reported 0.01% stake. Pnc, Pennsylvania-based fund reported 537 shares. Public Employees Retirement Association Of Colorado holds 10,172 shares or 0% of its portfolio. 3,046 are held by Tower Research (Trc). Price T Rowe Assocs Md invested in 35,089 shares or 0% of the stock. Walleye Trading Ltd Liability has 0% invested in Electro Scientific Industries, Inc. (NASDAQ:ESIO). New York State Common Retirement Fund owns 28,200 shares. Moreover, Retail Bank Of America De has 0% invested in Electro Scientific Industries, Inc. (NASDAQ:ESIO).

The stock of Electro Scientific Industries, Inc. (NASDAQ:ESIO) is a huge mover today! The stock increased 1.10% or $0.19 during the last trading session, reaching $17.43. About 943,607 shares traded. Electro Scientific Industries, Inc. (NASDAQ:ESIO) has risen 19.94% since February 20, 2017 and is uptrending. It has outperformed by 3.24% the S&P500.
The move comes after 8 months positive chart setup for the $584.81M company. It was reported on Feb, 20 by Barchart.com. We have $18.48 PT which if reached, will make NASDAQ:ESIO worth $35.09M more.

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

Among 3 analysts covering Electro Scientific Industries (NASDAQ:ESIO), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Electro Scientific Industries has $35.0 highest and $7.50 lowest target. $30’s average target is 72.12% above currents $17.43 stock price. Electro Scientific Industries had 12 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by Needham with “Buy” on Thursday, January 18. As per Friday, December 1, the company rating was maintained by Lake Street. The stock has “Sell” rating by Zacks on Tuesday, August 11. The firm has “Buy” rating given on Monday, September 18 by Lake Street. Zacks downgraded the stock to “Hold” rating in Monday, August 31 report. Needham upgraded the stock to “Buy” rating in Thursday, August 3 report. The firm has “Buy” rating by Needham given on Wednesday, February 3. The company was maintained on Thursday, January 18 by Lake Street. On Thursday, November 2 the stock rating was maintained by Needham with “Buy”. The rating was maintained by Needham on Wednesday, May 11 with “Buy”.

More recent Electro Scientific Industries, Inc. (NASDAQ:ESIO) news were published by: Zacks.com which released: “Bull Of The Day: Electro Scientific Industries (ESIO)” on January 25, 2018. Also Seekingalpha.com published the news titled: “Electro Scientific Industries’ (ESIO) CEO Michael Burger on Q3 2018 Results …” on February 01, 2018. Seekingalpha.com‘s news article titled: “Electro Scientific Has Another Blast-Out Quarter” with publication date: February 02, 2018 was also an interesting one.

Electro Scientific Industries, Inc., together with its subsidiaries, supplies laser microfabrication solutions for the microtechnology industry worldwide. The company has market cap of $584.81 million. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems. It has a 26.21 P/E ratio. It also offers semiconductor manufacturing products comprising wafer marking equipment for use in serialization and wafer identification; wafer and circuit trim tools that adjust the electrical performance of semiconductor devices or hybrid circuits; and liquid crystal display repair tools; and laser LCD repair systems to enhance the manufacture of flat panel displays.

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