5,508 Shares in Electro Scientific Industries (ESIO) Purchased by Flinton Capital Management LLC

Flinton Capital Management LLC purchased a new position in shares of Electro Scientific Industries (NASDAQ:ESIO) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 5,508 shares of the semiconductor company’s stock, valued at approximately $118,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LS Investment Advisors LLC grew its position in Electro Scientific Industries by 723.4% during the 4th quarter. LS Investment Advisors LLC now owns 7,361 shares of the semiconductor company’s stock worth $158,000 after acquiring an additional 6,467 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Electro Scientific Industries during the 3rd quarter worth approximately $109,000. Caxton Associates LP bought a new stake in Electro Scientific Industries during the 4th quarter worth approximately $211,000. Teacher Retirement System of Texas bought a new stake in Electro Scientific Industries during the 4th quarter worth approximately $221,000. Finally, Paloma Partners Management Co bought a new stake in Electro Scientific Industries during the 4th quarter worth approximately $234,000. Institutional investors and hedge funds own 83.92% of the company’s stock.

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ESIO stock opened at $20.05 on Friday. Electro Scientific Industries has a 1-year low of $6.17 and a 1-year high of $27.72. The company has a current ratio of 2.86, a quick ratio of 2.04 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $698.22, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 0.69 and a beta of 0.99.

Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.16. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. The firm had revenue of $110.80 million for the quarter, compared to the consensus estimate of $107.00 million. During the same quarter in the prior year, the business earned ($0.23) EPS. The business’s revenue for the quarter was up 227.8% compared to the same quarter last year. equities analysts expect that Electro Scientific Industries will post 2.5 earnings per share for the current year.

ESIO has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Electro Scientific Industries from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Monday, January 22nd. TheStreet raised Electro Scientific Industries from a “c” rating to a “b-” rating in a report on Friday, January 19th. Needham & Company LLC upped their price objective on Electro Scientific Industries from $27.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. DA Davidson reaffirmed a “buy” rating and set a $32.00 price objective on shares of Electro Scientific Industries in a report on Thursday, January 18th. Finally, Lake Street Capital upped their price objective on Electro Scientific Industries from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, December 1st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $32.60.

In other Electro Scientific Industries news, VP John Edward Williams sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $18.05, for a total transaction of $90,250.00. Following the transaction, the vice president now owns 59,800 shares of the company’s stock, valued at approximately $1,079,390. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.22% of the stock is currently owned by corporate insiders.

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About Electro Scientific Industries

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

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