Schwab Charles Investment Management Inc. Has $369,000 Position in Electro Scientific Industries, Inc. (ESIO)

Schwab Charles Investment Management Inc. maintained its stake in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,800 shares of the semiconductor company’s stock at the end of the first quarter. Schwab Charles Investment Management Inc. owned about 0.16% of Electro Scientific Industries worth $369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in Electro Scientific Industries by 2.4% during the first quarter. Arizona State Retirement System now owns 17,065 shares of the semiconductor company’s stock worth $119,000 after acquiring an additional 400 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Electro Scientific Industries by 1.8% during the first quarter. Thrivent Financial For Lutherans now owns 18,260 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 330 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Electro Scientific Industries by 2.5% during the first quarter. Baird Financial Group Inc. now owns 23,854 shares of the semiconductor company’s stock worth $166,000 after acquiring an additional 580 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in Electro Scientific Industries by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 25,330 shares of the semiconductor company’s stock worth $177,000 after acquiring an additional 3,823 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Electro Scientific Industries during the first quarter worth $197,000. 73.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of Electro Scientific Industries, Inc. (ESIO) traded down 0.25% on Friday, reaching $12.13. 193,779 shares of the company traded hands. The stock’s market capitalization is $401.94 million. The stock’s 50 day moving average price is $10.66 and its 200-day moving average price is $8.30. Electro Scientific Industries, Inc. has a one year low of $4.50 and a one year high of $12.60.

Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.20. The business had revenue of $72.70 million for the quarter, compared to the consensus estimate of $61.10 million. Electro Scientific Industries had a negative net margin of 18.49% and a negative return on equity of 22.18%. The company’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 EPS. Equities analysts forecast that Electro Scientific Industries, Inc. will post $0.72 earnings per share for the current fiscal year.

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ESIO has been the topic of several research analyst reports. BidaskClub raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Lake Street Capital cut their target price on shares of Electro Scientific Industries from $10.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Needham & Company LLC raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, August 8th. Finally, ValuEngine raised shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Electro Scientific Industries presently has a consensus rating of “Buy” and a consensus price target of $11.00.

Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.

Institutional Ownership by Quarter for Electro Scientific Industries (NASDAQ:ESIO)

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