Chicago Equity Partners LLC trimmed its holdings in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 11.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,468 shares of the semiconductor company’s stock after selling 26,235 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.58% of Electro Scientific Industries worth $3,481,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of ESIO. Itau Unibanco Holding S.A. purchased a new position in Electro Scientific Industries during the second quarter valued at approximately $109,000. Fortis Advisors LLC purchased a new position in Electro Scientific Industries during the second quarter valued at approximately $123,000. Piedmont Investment Advisors LLC purchased a new position in Electro Scientific Industries during the second quarter valued at approximately $126,000. Point72 Asset Management L.P. purchased a new position in Electro Scientific Industries in the second quarter worth $148,000. Finally, United Services Automobile Association purchased a new position in Electro Scientific Industries in the second quarter worth $168,000. 89.29% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on ESIO shares. Lake Street Capital lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. ValuEngine raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. BidaskClub raised shares of Electro Scientific Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 30th. Zacks Investment Research lowered shares of Electro Scientific Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 8th. Finally, DA Davidson lowered shares of Electro Scientific Industries from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Electro Scientific Industries presently has an average rating of “Hold” and an average price target of $28.60.
Shares of ESIO opened at $29.01 on Friday. The firm has a market cap of $1.01 billion, a PE ratio of 10.82, a P/E/G ratio of 1.23 and a beta of -0.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.16 and a current ratio of 5.67. Electro Scientific Industries, Inc. has a 1-year low of $13.92 and a 1-year high of $29.62.
Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $85.92 million for the quarter, compared to analyst estimates of $84.35 million. Electro Scientific Industries had a net margin of 37.32% and a return on equity of 45.60%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. Sell-side analysts anticipate that Electro Scientific Industries, Inc. will post 2.01 EPS for the current fiscal year.
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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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