Electro Scientific Industries, Inc. (ESIO) Stock Price Up 5.2% on Earnings Beat

Sunday, 14 Jan, 2018

About 664,146 shares traded. Lake Street maintained Electro Scientific Industries, Inc. (NASDAQ:ESIO) has risen 19.94% since January 11, 2017 and is uptrending. It has outperformed by 3.24% the S&P500.The move comes after 5 months negative chart setup for the $671.84 million company. It was reported on Jan, 12 by Barchart.com. We have $18.86 PT which if reached, will make NASDAQ:ESIO worth $40.31 million less.

Oncosec Medical (NASDAQ:ONCS) had an increase of 1.83% in short interest. Based on the recent close, the shares have dropped -1.33% over the past five trading days. Its up 1.83% from 1.81M shares previously. 119.77 million shares or 0.32% less from 120.15 million shares in 2017Q2 were reported. OncoSec Medical Incorporated (NASDAQ:ONCS) has declined 34.57% since January 12, 2017 and is downtrending. It has underperformed by 11.20% the S&P500. The business's quarterly revenue was up 139.3% on a year-over-year basis. sell-side analysts expect that Electro Scientific Industries will post 1.14 EPS for the current year. Therefore 100% are positive. BidaskClub cut Electro Scientific Industries from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, December 6th. On Monday, August 31 the stock rating was downgraded by Zacks to "Hold". The firm has "Buy" rating by Needham given on Wednesday, May 11. The firm has "Buy" rating by Needham given on Thursday, August 3. Arizona State Retirement System now owns 17,365 shares of the semiconductor company's stock valued at $143,000 after buying an additional 300 shares during the last quarter. (NASDAQ:ESIO) rating on Monday, February 27. Lake Street Capital raised their target price 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. On Thursday, November 2 the stock rating was maintained by Needham with "Buy". Based on a recent bid, the stock is trading -27.67% away from it's 52- week high and 228.69% away from its 52 week low. ESIO's profit would be $16.75 million giving it 10.06 P/E if the $0.50 EPS is correct. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.12.

Electro Scientific Industries, Inc., together with its subsidiaries, supplies laser microfabrication solutions for the microtechnology industry worldwide. The company has market cap of $677.87 million.

According to Zacks, "Electro Scientific Industries, Inc. designs and manufactures sophisticated products used around the world in electronics manufacturing including: laser manufacturing systems for semiconductor yield improvement; production and test equipment for the manufacture of surface mount ceramic capacitors; laser trim systems for precise electrical tuning of circuits; precision laser and mechanical drilling systems for electronic interconnection; and machine vision systems". It now has negative earnings. The Component Processing segment includes interconnect products, semiconductor products and component products.

Investors sentiment decreased to 1.89 in Q3 2017. 0 analysts call it Underweight, while 2 think it is Overweight. Electro Scientific Industries had a negative net margin of 9.00% and a negative return on equity of 13.50%. 33 funds opened positions while 39 raised stakes. Bank & Trust Of America Corp De reported 47,988 shares. Cubist Systematic Strategies Lc holds 27,220 shares. (NASDAQ:ESIO). Nationwide Fund holds 45,552 shares or 0% of its portfolio. This is not a recommendation to buy or sell Electro Scientific Industries, Inc.

Several other equities research analysts have also recently commented on ESIO. Arrowstreet Cap Partnership accumulated 134,189 shares or 0% of the stock. Prelude Management Limited Liability Company stated it has 0.01% in Electro Scientific Industries, Inc. (NASDAQ:ESIO). Art Advsr Ltd holds 0.04% or 57,777 shares.

Parametric Port Assoc Ltd Liability stated it has 94,774 shares or 0% of all its holdings. Ls Limited Liability invested in 0% or 894 shares. Bogle Inv L P De reported 186,525 shares or 0.18% of all its holdings. 244,667 were accumulated by Morgan Stanley. Algert Global LLC acquired a new stake in Electro Scientific Industries in the third quarter valued at approximately $5,205,000. (NASDAQ:ESIO) rating on Wednesday, February 3. (NASDAQ:ESIO) on Thursday, November 2 with "Buy" rating. (NASDAQ:ESIO). Tower Capital Llc (Trc) reported 0% in Electro Scientific Industries, Inc. (NASDAQ:ESIO). Alliancebernstein Lp reported 19,400 shares. Out of 2 Wall Street analysts rating Office Depot, 0 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Agrium Inc. had 78 analyst reports since August 6, 2015 according to SRatingsIntel. Noble Financial maintained the shares of ONCS in report on Tuesday, June 13 with "Buy" rating. The company was maintained on Thursday, November 2 by Needham. H.C. Wainwright has "Buy" rating and $6.0 target. Telsey Advisory maintained it with "Market Perform" rating and $4.5 target in Friday, October 28 report. (NASDAQ:ESIO) on Tuesday, August 11 to "Sell" rating. The firm has "Hold" rating by Vertical Research given on Monday, April 25. As per Monday, October 16, the company rating was maintained by RBC Capital Markets.