Swiss National Bank purchased a new stake in Electro Scientific Industries (NASDAQ:ESIO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 50,800 shares of the semiconductor company’s stock, valued at approximately $1,089,000. Swiss National Bank owned 0.15% of Electro Scientific Industries at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its stake in shares of Electro Scientific Industries by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 55,864 shares of the semiconductor company’s stock valued at $460,000 after purchasing an additional 500 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Electro Scientific Industries by 3.4% in the 3rd quarter. GSA Capital Partners LLP now owns 93,400 shares of the semiconductor company’s stock valued at $1,300,000 after acquiring an additional 3,100 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Electro Scientific Industries by 6.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 52,964 shares of the semiconductor company’s stock valued at $737,000 after acquiring an additional 3,225 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Electro Scientific Industries by 58.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,480 shares of the semiconductor company’s stock valued at $174,000 after acquiring an additional 4,620 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Electro Scientific Industries by 22.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,532 shares of the semiconductor company’s stock valued at $227,000 after acquiring an additional 4,970 shares in the last quarter. 83.92% of the stock is currently owned by hedge funds and other institutional investors.
Electro Scientific Industries stock traded down $0.28 during trading on Thursday, reaching $21.16. The company had a trading volume of 474,052 shares, compared to its average volume of 1,348,321. Electro Scientific Industries has a fifty-two week low of $6.17 and a fifty-two week high of $27.72. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.86 and a quick ratio of 2.04. The company has a market capitalization of $727.41, a PE ratio of 35.27, a P/E/G ratio of 0.91 and a beta of 0.99.
Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.16. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. The company had revenue of $110.80 million during the quarter, compared to analysts’ expectations of $107.00 million. During the same quarter in the previous year, the company posted ($0.23) earnings per share. The business’s revenue was up 227.8% on a year-over-year basis. sell-side analysts anticipate that Electro Scientific Industries will post 1.99 earnings per share for the current year.
In other news, VP John Edward Williams sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $18.05, for a total transaction of $90,250.00. Following the completion of the sale, the vice president now owns 59,800 shares in the company, valued at $1,079,390. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 6.22% of the company’s stock.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Lake Street Capital set a $30.00 price objective on Electro Scientific Industries and gave the company a “buy” rating in a report on Thursday. BidaskClub cut Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. ValuEngine upgraded Electro Scientific Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Finally, TheStreet upgraded Electro Scientific Industries from a “c” rating to a “b-” rating in a report on Friday, January 19th. Four equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $32.60.
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About Electro Scientific Industries
Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems.
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