Navellier & Associates Inc increased its stake in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 136.2% during the second quarter, HoldingsChannel reports. The firm owned 73,925 shares of the semiconductor company’s stock after acquiring an additional 42,627 shares during the period. Navellier & Associates Inc’s holdings in Electro Scientific Industries were worth $1,166,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new position in Electro Scientific Industries in the 2nd quarter worth about $126,000. C M Bidwell & Associates Ltd. increased its stake in Electro Scientific Industries by 134.2% in the 1st quarter. C M Bidwell & Associates Ltd. now owns 9,170 shares of the semiconductor company’s stock worth $177,000 after purchasing an additional 5,255 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Electro Scientific Industries by 1,793.5% in the 1st 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 in the last quarter. Mackay Shields LLC purchased a new position in Electro Scientific Industries in the 1st quarter worth about $213,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Electro Scientific Industries in the 1st quarter worth about $222,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.
Electro Scientific Industries opened at $23.18 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.94 and a current ratio of 4.22. Electro Scientific Industries, Inc. has a fifty-two week low of $10.53 and a fifty-two week high of $27.72. The stock has a market cap of $762.98 million, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02.
Electro Scientific Industries (NASDAQ:ESIO) last released its earnings results on Wednesday, August 1st. The semiconductor company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.11. Electro Scientific Industries had a return on equity of 47.09% and a net margin of 35.60%. The company had revenue of $110.62 million for the quarter, compared to analysts’ expectations of $104.64 million. During the same quarter in the previous year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 52.2% on a year-over-year basis. equities analysts forecast that Electro Scientific Industries, Inc. will post 2.06 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on ESIO shares. BidaskClub cut Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 26th. Stifel Nicolaus lifted their price target on Electro Scientific Industries from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 9th. Zacks Investment Research raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, June 6th. Finally, ValuEngine cut Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $30.40.
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.
Recommended Story: Google Finance Portfolio Tips and Tricks
Want to see what other hedge funds are holding ESIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electro Scientific Industries, Inc. (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.