Electro Scientific Industries, Inc. (ESIO) Holdings Boosted by California State Teachers Retirement System

California State Teachers Retirement System boosted its position in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,864 shares of the semiconductor company’s stock after buying an additional 500 shares during the quarter. California State Teachers Retirement System owned 0.17% of Electro Scientific Industries worth $460,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake 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 purchasing an additional 4,970 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Electro Scientific Industries by 27.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 158,889 shares of the semiconductor company’s stock valued at $1,309,000 after purchasing an additional 34,430 shares in the last quarter. Symmetry Peak Management LLC acquired a new stake in shares of Electro Scientific Industries in the 2nd quarter valued at about $227,000. State Street Corp raised its stake in shares of Electro Scientific Industries by 13.4% in the 2nd quarter. State Street Corp now owns 595,910 shares of the semiconductor company’s stock valued at $4,911,000 after purchasing an additional 70,197 shares in the last quarter. Finally, Divisar Capital Management LLC grew its position in shares of Electro Scientific Industries by 7.8% during the 2nd quarter. Divisar Capital Management LLC now owns 1,549,807 shares of the semiconductor company’s stock valued at $12,770,000 after buying an additional 112,319 shares during the last quarter. Institutional investors and hedge funds own 75.41% of the company’s stock.

ESIO has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, November 8th. Needham & Company LLC boosted their price objective on shares of Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Lake Street Capital reaffirmed a “buy” rating and set a $14.50 price objective (up previously from $10.50) on shares of Electro Scientific Industries in a research report on Monday, September 18th. DA Davidson reaffirmed a “buy” rating and set a $25.00 price objective on shares of Electro Scientific Industries in a research report on Thursday, November 2nd. Finally, BidaskClub downgraded shares of Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Electro Scientific Industries has an average rating of “Buy” and an average target price of $26.50.

In other Electro Scientific Industries news, CFO Paul R. Oldham sold 120,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $23.49, for a total value of $2,818,800.00. Following the completion of the transaction, the chief financial officer now owns 237,665 shares in the company, valued at approximately $5,582,750.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Paul R. Oldham sold 60,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 287,665 shares of the company’s stock, valued at approximately $6,926,973.20. The disclosure for this sale can be found here. 6.22% of the stock is currently owned by corporate insiders.

Electro Scientific Industries, Inc. (NASDAQ ESIO) opened at $21.20 on Friday. Electro Scientific Industries, Inc. has a 1 year low of $5.32 and a 1 year high of $27.72. 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 (NASDAQ:ESIO) last posted its earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.27 by $0.12. Electro Scientific Industries had a negative net margin of 9.00% and a negative return on equity of 13.50%. The firm had revenue of $70.97 million during the quarter, compared to analysts’ expectations of $65.53 million. During the same quarter in the prior year, the firm earned ($0.24) EPS. Electro Scientific Industries’s quarterly revenue was up 139.3% on a year-over-year basis. equities research analysts expect 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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