GSA Capital Partners LLP Acquires 3,100 Shares of Electro Scientific Industries, Inc. (ESIO)

GSA Capital Partners LLP lifted its holdings in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,400 shares of the semiconductor company’s stock after buying an additional 3,100 shares during the period. GSA Capital Partners LLP owned 0.28% of Electro Scientific Industries worth $1,300,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of Electro Scientific Industries during the 3rd quarter valued at about $109,000. Trexquant Investment LP bought a new stake in shares of Electro Scientific Industries during the 2nd quarter valued at about $124,000. Virtu KCG Holdings LLC bought a new stake in shares of Electro Scientific Industries during the 2nd quarter valued at about $138,000. Arizona State Retirement System boosted its stake in Electro Scientific Industries by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 17,365 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 300 shares during the period. Finally, Alliancebernstein L.P. acquired a new position in Electro Scientific Industries during the 2nd quarter valued at about $160,000. 75.30% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on ESIO shares. Zacks Investment Research raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, November 8th. Needham & Company LLC boosted their target price on shares of Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Lake Street Capital boosted their target price on shares of Electro Scientific Industries from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, December 1st. BidaskClub lowered shares of Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Finally, DA Davidson reissued a “buy” rating and set a $25.00 target price on shares of Electro Scientific Industries in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $26.50.

In other news, CFO Paul R. Oldham sold 120,000 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 237,665 shares of the company’s stock, valued at approximately $5,582,750.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Paul R. Oldham sold 60,000 shares of the company’s 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 sale, the chief financial officer now directly owns 287,665 shares of the company’s stock, valued at $6,926,973.20. The disclosure for this sale can be found here. Corporate insiders own 6.22% of the company’s stock.

Electro Scientific Industries, Inc. (ESIO) opened at $22.16 on Thursday. 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, Inc. has a one year low of $5.75 and a one year high of $27.72.

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

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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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