Electro Scientific Industries Inc

Xavier Trudeau
Août 13, 2017

The ratio dived, as 54 hedge funds increased or started new positions, while 38 reduced and sold their stock positions in Electro Scientific Industries Inc. (NASDAQ:ESIO) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 200,958 shares of the semiconductor company's stock after buying an additional 53,807 shares during the period. On average, equities analysts forecast that Electro Scientific Industries will post $0.72 earnings per share for the current fiscal year. Acadian Asset Management LLC purchased a new stake in Electro Scientific Industries during the second quarter valued at $379,000. Great West Life Assurance Company acquired 8,153 shares as Pepsico Inc (PEP)'s stock rose 5.12%. Has $1.73 Million Position in Electro Scientific Industries, Inc. Thrivent Financial for Lutherans now owns 17,930 shares of the semiconductor company's stock worth $106,000 after buying an additional 1,820 shares during the period. It dropped, as 19 investors sold Electro Scientific Industries, Inc. shares while 19 reduced holdings. Wells Fargo & Company MN now owns 132,539 shares of the semiconductor company's stock valued at $924,000 after buying an additional 65,554 shares in the last quarter. Essex Investment Management Co. Teton Advisors Inc. now owns 152,939 shares of the semiconductor company's stock valued at $1,066,000 after buying an additional 51,900 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Electro Scientific Industries by 0.4% in the second quarter. Finally, Renaissance Technologies LLC increased its position in shares of Electro Scientific Industries by 7.0% in the fourth quarter.

Shares of Electro Scientific Industries (NASDAQ ESIO) traded down 2.31% during mid-day trading on Tuesday, reaching $10.55. The semiconductor company reported $0.38 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.18 by $0.20. Electro Scientific Industries, Inc. has a one year low of $4.50 and a one year high of $10.97. The company's market capitalization is $352.71 million. The stock has a 50 day moving average of $8.86 and a 200 day moving average of $7.59.

Electro Scientific Industries Incorporated (NASDAQ:ESIO) had a decrease of 20.86% in short interest. The business had revenue of $72.70 million for the quarter, compared to analyst estimates of $61.10 million. The SI to Electro Scientific Industries Incorporated's float is 1.37%. The company's revenue for the quarter was up 52.4% compared to the same quarter a year ago. Parametric Portfolio Associates LLC added to its holdings by buying 13,231 shares an increase of 14.9% as of 06/30/2017. Retail Bank Of Ny Mellon stated it has 0% of its portfolio in Electro Scientific Industries, Inc. "(NASDAQ:ESIO) Stake Boosted by Dimensional Fund Advisors LP" was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and worldwide copyright and trademark legislation. Lake Street Capital decreased their target price on shares of Electro Scientific Industries from $10.50 to $9.00 and set a "buy" rating on the stock in a research report on Thursday. The correct version of this story can be read at https://www.baseball-news-blog.com/2017/08/10/electro-scientific-industries-inc-nasdaqesio-stock-rating-upgraded-by-zacks-investment-research.html. The brokerage presently has a $12.00 target price on the semiconductor company's stock. BidaskClub upgraded shares of Electro Scientific Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, July 25th.

A number of other equities research analysts also recently issued reports on ESIO. (ESI), launched on April 19, 1949, 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, which are sold to manufacturers of electronic components and are used to drill, cut, trim, ablate and test and mark features for the functionality of the component. Institutional investors and hedge funds own 71.93% of the company's stock.

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