Essex Investment Management Co. LLC lifted its stake in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 4.2% in the third quarter, HoldingsChannel.com reports. The firm owned 112,900 shares of the semiconductor company’s stock after purchasing an additional 4,586 shares during the period. Essex Investment Management Co. LLC’s holdings in Electro Scientific Industries were worth $1,970,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. United Services Automobile Association acquired a new position in shares of Electro Scientific Industries in the 2nd quarter valued at $168,000. Northern Trust Corp boosted its position in Electro Scientific Industries by 1.3% during the 2nd quarter. Northern Trust Corp now owns 382,242 shares of the semiconductor company’s stock worth $6,027,000 after acquiring an additional 4,809 shares during the period. Mainstay Capital Management LLC ADV boosted its position in Electro Scientific Industries by 494.8% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 99,215 shares of the semiconductor company’s stock worth $5,697,000 after acquiring an additional 82,535 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Electro Scientific Industries during the 2nd quarter worth about $409,000. Finally, WINTON GROUP Ltd acquired a new stake in Electro Scientific Industries during the 2nd quarter worth about $209,000. Institutional investors and hedge funds own 89.30% of the company’s stock.
A number of equities research analysts have commented on the company. Zacks Investment Research lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. ValuEngine upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Finally, BidaskClub lowered Electro Scientific Industries from a “hold” rating to a “sell” rating in a research report on Friday, June 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $30.40.
Shares of NASDAQ ESIO opened at $16.46 on Thursday. Electro Scientific Industries, Inc. has a one year low of $14.56 and a one year high of $27.72. The stock has a market cap of $595.71 million, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 0.71 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.22 and a quick ratio of 2.94.
Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Wednesday, August 1st. The semiconductor company reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.11. Electro Scientific Industries had a return on equity of 47.09% and a net margin of 35.60%. The firm had revenue of $110.62 million during the quarter, compared to analyst estimates of $104.64 million. During the same period last year, the company posted $0.38 EPS. The business’s quarterly revenue was up 52.2% compared to the same quarter last year. Equities analysts expect that Electro Scientific Industries, Inc. will post 2.06 EPS for the current year.
In other Electro Scientific Industries news, Director Raymond A. Link sold 6,000 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $23.01, for a total transaction of $138,060.00. Following the completion of the sale, the director now directly owns 73,643 shares in the company, valued at approximately $1,694,525.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.53% of the company’s stock.
Electro Scientific Industries 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: Hedge Funds – How They Work For Investors
Want to see what other hedge funds are holding ESIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electro Scientific Industries, Inc. (NASDAQ:ESIO).
Receive News & Ratings for Electro Scientific Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries and related companies with MarketBeat.com's FREE daily email newsletter.