Teton Advisors Inc. lowered its position in shares of Electro Scientific Industries (NASDAQ:ESIO) by 35.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,389 shares of the semiconductor company’s stock after selling 44,750 shares during the period. Teton Advisors Inc. owned approximately 0.24% of Electro Scientific Industries worth $1,554,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Flinton Capital Management LLC purchased a new stake in shares of Electro Scientific Industries during the fourth quarter valued at approximately $118,000. LS Investment Advisors LLC raised its stake in shares of Electro Scientific Industries by 723.4% during the fourth quarter. LS Investment Advisors LLC now owns 7,361 shares of the semiconductor company’s stock valued at $158,000 after purchasing an additional 6,467 shares during the period. Caxton Associates LP purchased a new stake in shares of Electro Scientific Industries during the fourth quarter valued at approximately $211,000. Mackay Shields LLC bought a new stake in shares of Electro Scientific Industries in the first quarter worth $213,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Electro Scientific Industries in the fourth quarter worth $221,000. Institutional investors own 85.50% of the company’s stock.
Shares of NASDAQ:ESIO opened at $20.32 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.49 and a quick ratio of 2.41. The firm has a market capitalization of $658.96 million, a P/E ratio of 7.58, a P/E/G ratio of 0.73 and a beta of 0.95. Electro Scientific Industries has a 12-month low of $7.50 and a 12-month high of $27.72.
Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings results on Tuesday, May 8th. The semiconductor company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.15. The business had revenue of $113.39 million during the quarter, compared to analyst estimates of $103.53 million. Electro Scientific Industries had a net margin of 31.59% and a return on equity of 40.37%. The business’s revenue was up 127.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. equities research analysts predict that Electro Scientific Industries will post 2.23 earnings per share for the current year.
In other Electro Scientific Industries news, VP John Edward Williams sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $18.05, for a total transaction of $90,250.00. Following the completion of the sale, the vice president now owns 59,800 shares in the company, valued at $1,079,390. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.22% of the stock is owned by insiders.
A number of brokerages recently issued reports on ESIO. Lake Street Capital set a $30.00 price target on shares of Electro Scientific Industries and gave the stock a “buy” rating in a research note on Thursday, March 22nd. BidaskClub lowered shares of Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 26th. ValuEngine upgraded shares of Electro Scientific Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered shares of Electro Scientific Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 22nd. Finally, Stifel Nicolaus began coverage on shares of Electro Scientific Industries in a research note on Wednesday, March 14th. They issued a “buy” rating and a $36.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.80.
Electro Scientific Industries Company Profile
Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems.
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