A.R.T. Advisors LLC Has $1.44 Million Holdings in Electro Scientific Industries, Inc. (ESIO)

Share on StockTwits

A.R.T. Advisors LLC reduced its position in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 37.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,677 shares of the semiconductor company’s stock after selling 44,200 shares during the quarter. A.R.T. Advisors LLC owned about 0.22% of Electro Scientific Industries worth $1,443,000 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. lifted its stake in shares of Electro Scientific Industries by 3.1% during the first quarter. BlackRock Inc. now owns 4,393,063 shares of the semiconductor company’s stock worth $84,918,000 after buying an additional 131,992 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Electro Scientific Industries by 6.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,589,900 shares of the semiconductor company’s stock worth $34,072,000 after buying an additional 92,480 shares during the period. Hood River Capital Management LLC acquired a new stake in shares of Electro Scientific Industries during the first quarter worth $13,564,000. Geode Capital Management LLC lifted its stake in shares of Electro Scientific Industries by 72.0% during the fourth quarter. Geode Capital Management LLC now owns 685,101 shares of the semiconductor company’s stock worth $14,681,000 after buying an additional 286,902 shares during the period. Finally, Bogle Investment Management L P DE lifted its stake in shares of Electro Scientific Industries by 240.3% during the fourth quarter. Bogle Investment Management L P DE now owns 634,710 shares of the semiconductor company’s stock worth $13,601,000 after buying an additional 448,185 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of Electro Scientific Industries from a “hold” rating to a “sell” rating in a research note on Friday. Lake Street Capital set a $30.00 price objective on shares of Electro Scientific Industries and gave the stock a “buy” rating in a research note on Thursday, March 22nd. Stifel Nicolaus lifted their price objective on shares of Electro Scientific Industries from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 9th. ValuEngine upgraded shares of Electro Scientific Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Wednesday, June 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.40.

NASDAQ ESIO opened at $16.78 on Friday. The firm has a market cap of $595.46 million, a P/E ratio of 6.26, a price-to-earnings-growth ratio of 0.65 and a beta of 0.96. Electro Scientific Industries, Inc. has a 1 year low of $7.50 and a 1 year high of $27.72. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.49 and a quick ratio of 2.41.

Electro Scientific Industries (NASDAQ:ESIO) last posted its earnings results on Tuesday, May 8th. The semiconductor company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.15. The company had revenue of $113.39 million during the quarter, compared to the consensus estimate of $103.53 million. Electro Scientific Industries had a net margin of 31.59% and a return on equity of 40.37%. The firm’s quarterly revenue was up 127.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. equities analysts predict that Electro Scientific Industries, Inc. will post 2.23 EPS for the current fiscal year.

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.

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.

Leave a Reply