Legal & General Group Plc lifted its holdings in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 8.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,335 shares of the semiconductor company’s stock after purchasing an additional 5,409 shares during the quarter. Legal & General Group Plc owned 0.20% of Electro Scientific Industries worth $1,065,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new position in shares of Electro Scientific Industries during the second quarter worth approximately $126,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Electro Scientific Industries by 1,793.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,581 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 9,075 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in shares of Electro Scientific Industries during the first quarter worth approximately $222,000. SG Americas Securities LLC bought a new position in shares of Electro Scientific Industries during the second quarter worth approximately $207,000. Finally, Cambria Investment Management L.P. bought a new position in shares of Electro Scientific Industries during the second quarter worth approximately $221,000. 89.30% of the stock is currently owned by institutional investors.
NASDAQ ESIO opened at $15.82 on Monday. The company has a current ratio of 4.22, a quick ratio of 2.94 and a debt-to-equity ratio of 0.04. The company has a market cap of $595.71 million, a P/E ratio of 5.90, a PEG 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 quarterly earnings results on Wednesday, August 1st. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.11. The business had revenue of $110.62 million for the quarter, compared to analyst estimates of $104.64 million. Electro Scientific Industries had a net margin of 35.60% and a return on equity of 47.09%. The firm’s revenue for the quarter was up 52.2% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. Equities analysts expect that Electro Scientific Industries, Inc. will post 2.06 EPS for the current year.
Several brokerages have recently commented on ESIO. Zacks Investment Research cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Friday, June 29th. BidaskClub cut shares of Electro Scientific Industries from a “hold” rating to a “sell” rating in a report on Friday, June 22nd. Finally, ValuEngine upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $30.40.
In related news, Director Raymond A. Link sold 6,000 shares of the stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $23.01, for a total transaction of $138,060.00. Following the sale, the director now owns 73,643 shares in the company, valued at approximately $1,694,525.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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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