OppenheimerFunds Inc. purchased a new stake in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,094 shares of the semiconductor company’s stock, valued at approximately $191,000.
A number of other large investors have also recently 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. Piedmont Investment Advisors LLC purchased a new position in Electro Scientific Industries during the second quarter valued at approximately $126,000. United Services Automobile Association purchased a new position in Electro Scientific Industries during the second quarter valued at approximately $168,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in 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 valued at $183,000 after purchasing an additional 9,075 shares in the last quarter. Finally, NumerixS Investment Technologies Inc lifted its holdings in Electro Scientific Industries by 45.3% during the second quarter. NumerixS Investment Technologies Inc now owns 12,500 shares of the semiconductor company’s stock valued at $199,000 after purchasing an additional 3,900 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Raymond A. Link sold 6,000 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $23.01, for a total value of $138,060.00. Following the transaction, the director now owns 73,643 shares of the company’s stock, valued at $1,694,525.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.53% of the stock is currently owned by insiders.
ESIO stock opened at $15.82 on Monday. Electro Scientific Industries, Inc. has a one year low of $14.36 and a one year high of $27.72. 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 firm has a market capitalization of $595.71 million, a PE ratio of 5.90, a P/E/G ratio of 0.71 and a beta of 1.13.
Electro Scientific Industries (NASDAQ:ESIO) last released its earnings results on Wednesday, August 1st. The semiconductor company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.85 by $0.11. Electro Scientific Industries had a net margin of 35.60% and a return on equity of 47.09%. The firm had revenue of $110.62 million for the quarter, compared to the consensus estimate of $104.64 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The company’s quarterly revenue was up 52.2% compared to the same quarter last year. On average, equities research analysts predict that Electro Scientific Industries, Inc. will post 2.06 EPS for the current year.
Several brokerages have weighed in on ESIO. Zacks Investment Research downgraded shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. BidaskClub downgraded shares of Electro Scientific Industries from a “hold” rating to a “sell” rating in a report on Friday, June 22nd. Finally, ValuEngine raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Electro Scientific Industries presently has a consensus rating of “Hold” and a consensus target price of $30.40.
Electro Scientific Industries 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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