EAM Investors LLC Acquires 199,637 Shares of Electro Scientific Industries, Inc. (ESIO)

EAM Investors LLC boosted its holdings in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 276.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 271,777 shares of the semiconductor company’s stock after purchasing an additional 199,637 shares during the quarter. EAM Investors LLC owned about 0.80% of Electro Scientific Industries worth $3,783,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ESIO. Louisiana State Employees Retirement System lifted its stake in shares of Electro Scientific Industries by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the semiconductor company’s stock worth $111,000 after buying an additional 200 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Electro Scientific Industries in the second quarter worth approximately $124,000. Thrivent Financial For Lutherans lifted its stake in shares of Electro Scientific Industries by 1.8% in the first quarter. Thrivent Financial For Lutherans now owns 18,260 shares of the semiconductor company’s stock worth $127,000 after buying an additional 330 shares in the last quarter. Virtu KCG Holdings LLC bought a new position in shares of Electro Scientific Industries in the second quarter worth approximately $138,000. Finally, Arizona State Retirement System lifted its stake in shares of Electro Scientific Industries by 1.8% in the second quarter. Arizona State Retirement System now owns 17,365 shares of the semiconductor company’s stock worth $143,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 69.07% of the company’s stock.

In other Electro Scientific Industries news, CFO Paul R. Oldham sold 120,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $23.49, for a total value of $2,818,800.00. Following the transaction, the chief financial officer now directly owns 237,665 shares in the company, valued at $5,582,750.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul R. Oldham sold 60,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $24.08, for a total transaction of $1,444,800.00. Following the completion of the transaction, the chief financial officer now owns 287,665 shares in the company, valued at $6,926,973.20. The disclosure for this sale can be found here. 6.22% of the stock is owned by corporate insiders.

ESIO has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, November 8th. DA Davidson restated a “buy” rating and set a $25.00 price objective on shares of Electro Scientific Industries in a research report on Thursday, November 2nd. Lake Street Capital restated a “buy” rating and set a $14.50 price objective (up previously from $10.50) on shares of Electro Scientific Industries in a research report on Monday, September 18th. Needham & Company LLC increased their price objective on shares of Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, BidaskClub upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $25.25.

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Shares of Electro Scientific Industries, Inc. (ESIO) traded up $1.38 during trading on Tuesday, reaching $25.12. 1,337,700 shares of the company were exchanged, compared to its average volume of 334,691. Electro Scientific Industries, Inc. has a 12 month low of $5.03 and a 12 month high of $25.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.96 and a current ratio of 2.81.

Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.12. The company had revenue of $70.97 million for the quarter, compared to the consensus estimate of $65.53 million. Electro Scientific Industries had a negative net margin of 9.00% and a negative return on equity of 13.50%. The firm’s revenue for the quarter was up 139.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. research analysts anticipate that Electro Scientific Industries, Inc. will post 1.14 earnings per share for the current fiscal year.

Electro Scientific Industries 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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