126,186 Shares in Electro Scientific Industries, Inc. (ESIO) Acquired by ClariVest Asset Management LLC

ClariVest Asset Management LLC acquired a new stake in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 126,186 shares of the semiconductor company’s stock, valued at approximately $1,758,000. ClariVest Asset Management LLC owned approximately 0.37% of Electro Scientific Industries at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in Electro Scientific Industries by 109.2% during the 1st quarter. Bank of America Corp DE now owns 49,374 shares of the semiconductor company’s stock valued at $344,000 after buying an additional 25,771 shares in the last quarter. Legal & General Group Plc grew its holdings in Electro Scientific Industries by 16.6% during the 2nd quarter. Legal & General Group Plc now owns 61,386 shares of the semiconductor company’s stock valued at $506,000 after buying an additional 8,755 shares in the last quarter. Citigroup Inc. grew its holdings in Electro Scientific Industries by 43.4% during the 2nd quarter. Citigroup Inc. now owns 41,217 shares of the semiconductor company’s stock valued at $340,000 after buying an additional 12,472 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Electro Scientific Industries by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 403,813 shares of the semiconductor company’s stock valued at $3,327,000 after purchasing an additional 20,330 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Electro Scientific Industries by 125.8% in the second quarter. GSA Capital Partners LLP now owns 90,300 shares of the semiconductor company’s stock valued at $744,000 after purchasing an additional 50,300 shares in the last quarter. 75.41% of the stock is owned by institutional investors and hedge funds.

In other Electro Scientific Industries news, CFO Paul R. Oldham sold 120,000 shares of Electro Scientific Industries stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $23.49, for a total transaction of $2,818,800.00. Following the completion of the transaction, the chief financial officer now directly owns 237,665 shares of the company’s stock, 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 link. Also, CFO Paul R. Oldham sold 60,000 shares of Electro Scientific Industries stock in a transaction 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 transaction, 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. 6.22% of the stock is owned by insiders.

A number of research analysts recently weighed in on ESIO shares. BidaskClub raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Lake Street Capital reissued a “buy” rating and issued a $14.50 target price (up from $10.50) on shares of Electro Scientific Industries in a report on Monday, September 18th. Zacks Investment Research lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. DA Davidson reissued a “buy” rating and issued a $25.00 target price on shares of Electro Scientific Industries in a report on Thursday, November 2nd. Finally, Needham & Company LLC raised their target price on shares of Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.50.

Electro Scientific Industries, Inc. (NASDAQ ESIO) traded up $0.72 during midday trading on Thursday, reaching $21.20. 1,251,060 shares of the company’s stock traded hands, compared to its average volume of 388,438. 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 52 week low of $5.32 and a 52 week high of $27.72.

Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.27 by $0.12. The company 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 quarterly revenue was up 139.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.24) earnings per share. analysts predict that Electro Scientific Industries, Inc. will post 1.14 EPS for the current fiscal year.

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About Electro Scientific Industries

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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