Raymond James & Associates Invests $1.70 Million in Electro Scientific Industries, Inc. (ESIO)

Raymond James & Associates purchased a new position in Electro Scientific Industries, Inc. (NASDAQ:ESIO) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 107,808 shares of the semiconductor company’s stock, valued at approximately $1,700,000.

Several other large investors also recently bought and sold shares of ESIO. Royce & Associates LP boosted its position in shares of Electro Scientific Industries by 124.1% in the 2nd quarter. Royce & Associates LP now owns 1,734,985 shares of the semiconductor company’s stock worth $27,361,000 after purchasing an additional 960,784 shares during the last quarter. BlackRock Inc. boosted its position in shares of Electro Scientific Industries by 8.5% in the 2nd quarter. BlackRock Inc. now owns 4,765,147 shares of the semiconductor company’s stock worth $75,146,000 after purchasing an additional 372,084 shares during the last quarter. Systematic Financial Management LP boosted its position in shares of Electro Scientific Industries by 207.1% in the 2nd quarter. Systematic Financial Management LP now owns 340,230 shares of the semiconductor company’s stock worth $5,365,000 after purchasing an additional 229,435 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Electro Scientific Industries by 102.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 325,306 shares of the semiconductor company’s stock worth $5,130,000 after purchasing an additional 164,431 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Electro Scientific Industries by 53.3% in the 2nd quarter. Wells Fargo & Company MN now owns 469,292 shares of the semiconductor company’s stock worth $7,399,000 after purchasing an additional 163,098 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

ESIO stock opened at $15.71 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.94 and a current ratio of 4.22. The stock has a market cap of $595.71 million, a price-to-earnings ratio of 5.75, a price-to-earnings-growth ratio of 0.71 and a beta of 1.13. Electro Scientific Industries, Inc. has a 1-year low of $14.36 and a 1-year high of $27.72.

Electro Scientific Industries (NASDAQ:ESIO) last posted its earnings results on Wednesday, August 1st. The semiconductor company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.11. The firm had revenue of $110.62 million for the quarter, compared to analyst estimates of $104.64 million. Electro Scientific Industries had a return on equity of 47.09% and a net margin of 35.60%. The company’s revenue for the quarter was up 52.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. Analysts predict that Electro Scientific Industries, Inc. will post 2.06 earnings per share for the current year.

ESIO has been the topic of several recent analyst reports. Zacks Investment Research lowered Electro Scientific Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 8th. BidaskClub lowered Electro Scientific Industries from a “hold” rating to a “sell” rating in a report on Thursday, August 30th. Finally, ValuEngine lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Friday, September 7th. 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 company’s stock. The company currently has an average rating of “Hold” and an average target price of $30.40.

In other Electro Scientific Industries news, Director Raymond A. Link sold 6,000 shares of Electro Scientific Industries 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 transaction, the director now directly owns 73,643 shares in the company, valued at $1,694,525.43. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.53% of the company’s stock.

Electro Scientific Industries Company 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.

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Institutional Ownership by Quarter for Electro Scientific Industries (NASDAQ:ESIO)

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