Water Island Capital LLC Purchases New Holdings in Electro Scientific Industries, Inc. (ESIO)

Share on StockTwits

Water Island Capital LLC purchased a new stake in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 182,086 shares of the semiconductor company’s stock, valued at approximately $5,455,000. Water Island Capital LLC owned approximately 0.53% of Electro Scientific Industries at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESIO. BlackRock Inc. boosted its holdings in shares of Electro Scientific Industries by 2.2% in the 3rd quarter. BlackRock Inc. now owns 4,871,538 shares of the semiconductor company’s stock worth $85,008,000 after purchasing an additional 106,391 shares during the period. Royce & Associates LP boosted its holdings in shares of Electro Scientific Industries by 33.3% in the 3rd quarter. Royce & Associates LP now owns 2,313,017 shares of the semiconductor company’s stock worth $40,362,000 after purchasing an additional 578,032 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Electro Scientific Industries by 8.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,133,628 shares of the semiconductor company’s stock worth $37,232,000 after purchasing an additional 160,217 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Electro Scientific Industries by 17.1% in the 3rd quarter. Renaissance Technologies LLC now owns 2,118,520 shares of the semiconductor company’s stock worth $36,968,000 after purchasing an additional 309,800 shares during the period. Finally, Divisar Capital Management LLC boosted its holdings in shares of Electro Scientific Industries by 29.1% in the 3rd quarter. Divisar Capital Management LLC now owns 1,006,820 shares of the semiconductor company’s stock worth $17,569,000 after purchasing an additional 226,653 shares during the period. Institutional investors and hedge funds own 93.04% of the company’s stock.

Shares of ESIO stock traded down $0.01 on Tuesday, reaching $29.99. 5,668,273 shares of the company’s stock were exchanged, compared to its average volume of 958,905. Electro Scientific Industries, Inc. has a 52 week low of $13.92 and a 52 week high of $30.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.88 and a current ratio of 5.20. The firm has a market capitalization of $1.03 billion, a P/E ratio of 11.19, a P/E/G ratio of 1.25 and a beta of 0.04.

A number of equities analysts have recently commented on ESIO shares. Lake Street Capital cut Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. BidaskClub raised Electro Scientific Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. ValuEngine raised Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. DA Davidson lowered Electro Scientific Industries from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Wednesday, October 31st. Finally, Stifel Nicolaus lowered Electro Scientific Industries from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research note on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $27.00.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/4146148/water-island-capital-llc-purchases-new-holdings-in-electro-scientific-industries-inc-esio.html.

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.

Recommended Story: How are institutional investors different from individual investors?

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

Receive News & Ratings for Electro Scientific Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Contrasting ChipMOS Technologies  and On Track Innovations
Contrasting ChipMOS Technologies and On Track Innovations
Head to Head Comparison: Spark New Zealand  & Spirent Communications
Head to Head Comparison: Spark New Zealand & Spirent Communications
Miller Industries  Sets New 52-Week High at $31.17
Miller Industries Sets New 52-Week High at $31.17
IMS Capital Management Has $25.85 Million Stake in Jeld-Wen Holding Inc
IMS Capital Management Has $25.85 Million Stake in Jeld-Wen Holding Inc
SG Americas Securities LLC Has $1.29 Million Holdings in Werner Enterprises, Inc.
SG Americas Securities LLC Has $1.29 Million Holdings in Werner Enterprises, Inc.
Oracle Co.  Shares Sold by Lbmc Investment Advisors LLC
Oracle Co. Shares Sold by Lbmc Investment Advisors LLC


Leave a Reply

© 2006-2019 Ticker Report