Electro Scientific Industries, Inc. (ESIO) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC lifted its position in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 17.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,939 shares of the semiconductor company’s stock after acquiring an additional 8,008 shares during the quarter. Teachers Advisors LLC owned 0.16% of Electro Scientific Industries worth $436,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Alliancebernstein L.P. purchased a new stake in shares of Electro Scientific Industries during the 2nd quarter worth approximately $160,000. Wells Fargo & Company MN lifted its stake in Electro Scientific Industries by 88.1% in the 2nd quarter. Wells Fargo & Company MN now owns 249,363 shares of the semiconductor company’s stock valued at $2,056,000 after buying an additional 116,824 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Electro Scientific Industries by 1.9% in the 2nd quarter. Principal Financial Group Inc. now owns 252,979 shares of the semiconductor company’s stock valued at $2,085,000 after buying an additional 4,662 shares in the last quarter. Tocqueville Asset Management L.P. lifted its stake in Electro Scientific Industries by 1.1% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 419,542 shares of the semiconductor company’s stock valued at $3,457,000 after buying an additional 4,450 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in Electro Scientific Industries in the 2nd quarter valued at approximately $279,000. 68.71% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on the company. BidaskClub lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine raised Electro Scientific Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised 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. Needham & Company LLC raised 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. Finally, Lake Street Capital reduced their target price on 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Electro Scientific Industries presently has an average rating of “Buy” and an average target price of $25.25.

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Shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) opened at $22.82 on Tuesday. Electro Scientific Industries, Inc. has a 52 week low of $4.97 and a 52 week high of $24.15. The company has a quick ratio of 1.96, a current ratio of 2.81 and a debt-to-equity ratio of 0.08.

Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Electro Scientific Industries had a negative return on equity of 13.50% and a negative net margin of 9.00%. The company had revenue of $70.97 million for the quarter, compared to analyst estimates of $65.53 million. During the same quarter in the prior year, the company posted ($0.24) EPS. The business’s revenue for the quarter was up 139.3% compared to the same quarter last year. equities analysts predict that Electro Scientific Industries, Inc. will post 1.14 EPS for the current year.

In other Electro Scientific Industries news, CFO Paul R. Oldham sold 120,000 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $23.49, for a total transaction of $2,818,800.00. Following the transaction, the chief financial officer now owns 237,665 shares of the company’s stock, valued at approximately $5,582,750.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.22% of the company’s stock.

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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