Electro Scientific Industries, Inc. (ESIO) Position Increased by Alps Advisors Inc.

Alps Advisors Inc. increased its holdings in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 14.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,068 shares of the semiconductor company’s stock after purchasing an additional 3,508 shares during the quarter. Alps Advisors Inc.’s holdings in Electro Scientific Industries were worth $472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royce & Associates LP lifted its holdings in Electro Scientific Industries by 124.1% in the second quarter. Royce & Associates LP now owns 1,734,985 shares of the semiconductor company’s stock worth $27,361,000 after buying an additional 960,784 shares during the period. BlackRock Inc. lifted its holdings in Electro Scientific Industries by 8.5% in the second quarter. BlackRock Inc. now owns 4,765,147 shares of the semiconductor company’s stock worth $75,146,000 after buying an additional 372,084 shares during the period. Systematic Financial Management LP lifted its holdings in Electro Scientific Industries by 207.1% in the second quarter. Systematic Financial Management LP now owns 340,230 shares of the semiconductor company’s stock worth $5,365,000 after buying an additional 229,435 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Electro Scientific Industries by 102.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 325,306 shares of the semiconductor company’s stock worth $5,130,000 after buying an additional 164,431 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Electro Scientific Industries by 53.3% in the second quarter. Wells Fargo & Company MN now owns 469,292 shares of the semiconductor company’s stock worth $7,399,000 after buying an additional 163,098 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Several analysts have commented on the stock. BidaskClub upgraded shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a report on Thursday. Lake Street Capital lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. DA Davidson lowered shares of Electro Scientific Industries from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Wednesday, October 31st. Needham & Company LLC lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, ValuEngine upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $28.60.

ESIO stock opened at $29.35 on Friday. Electro Scientific Industries, Inc. has a 52-week low of $13.92 and a 52-week high of $29.62. The company has a market cap of $1.01 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 1.23 and a beta of -0.01. The company has a quick ratio of 4.16, a current ratio of 5.67 and a debt-to-equity ratio of 0.04.

Electro Scientific Industries (NASDAQ:ESIO) last released its earnings results on Tuesday, October 30th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Electro Scientific Industries had a net margin of 37.32% and a return on equity of 45.60%. The firm had revenue of $85.92 million during the quarter, compared to analyst estimates of $84.35 million. During the same period last year, the business earned $0.39 earnings per share. The business’s revenue was up 21.1% on a year-over-year basis. Sell-side analysts predict that Electro Scientific Industries, Inc. will post 2.01 EPS for the current year.

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Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. The company provides printed circuit board laser drilling products, including laser via drilling systems for electrical interconnect applications that require dimensions to create electrical connections between layers in flexible circuits, high-density circuit boards, and interconnect packages; micro via drilling technology that addresses the changing applications in interconnect packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems that employ technology in lasers, optics, and motion control.

Further Reading: What does cost of debt say about a company’s financial health?

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

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