Electro Scientific Industries Inc. (NASDAQ:ESIO) insider Michael D. Burger purchased 84,000 shares of the stock in a transaction dated Friday, November 4th. The stock was acquired at an average cost of $4.71 per share, for a total transaction of $395,640.00. Following the completion of the transaction, the insider now owns 313,445 shares of the company’s stock, valued at approximately $1,476,325.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Electro Scientific Industries Inc. (NASDAQ:ESIO) opened at 5.18 on Friday. The firm’s market capitalization is $170.76 million. The firm’s 50-day moving average price is $5.33 and its 200-day moving average price is $6.02. Electro Scientific Industries Inc. has a 12-month low of $4.50 and a 12-month high of $7.56.

Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings results on Tuesday, November 1st. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by $0.02. Electro Scientific Industries had a negative return on equity of 4.33% and a negative net margin of 7.22%. The business had revenue of $29.70 million for the quarter, compared to the consensus estimate of $33 million. During the same period last year, the firm earned ($0.03) earnings per share. The company’s quarterly revenue was down 36.1% compared to the same quarter last year. Equities analysts predict that Electro Scientific Industries Inc. will post ($0.59) earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Electro Scientific Industries (NASDAQ:ESIO)

ESIO has been the topic of a number of recent research reports. Needham & Company LLC downgraded Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Zacks Investment Research downgraded Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Finally, TheStreet downgraded Electro Scientific Industries from a “hold” rating to a “sell” rating in a research report on Friday, November 4th.

Several large investors have recently modified their holdings of ESIO. Prudential Financial Inc. boosted its stake in shares of Electro Scientific Industries by 20.9% in the first quarter. Prudential Financial Inc. now owns 73,572 shares of the company’s stock worth $526,000 after buying an additional 12,700 shares during the last quarter. UBS Group AG boosted its stake in shares of Electro Scientific Industries by 5,105.9% in the first quarter. UBS Group AG now owns 76,422 shares of the company’s stock worth $547,000 after buying an additional 74,954 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Electro Scientific Industries by 59.8% in the first quarter. Goldman Sachs Group Inc. now owns 178,943 shares of the company’s stock worth $1,279,000 after buying an additional 66,935 shares during the last quarter. Kennedy Capital Management Inc. boosted its stake in shares of Electro Scientific Industries by 79.9% in the first quarter. Kennedy Capital Management Inc. now owns 280,781 shares of the company’s stock worth $2,008,000 after buying an additional 124,687 shares during the last quarter. Finally, Foundry Partners LLC boosted its stake in shares of Electro Scientific Industries by 0.3% in the second quarter. Foundry Partners LLC now owns 288,567 shares of the company’s stock worth $1,685,000 after buying an additional 850 shares during the last quarter. 70.35% of the stock is currently owned by institutional investors.

About Electro Scientific Industries

Electro Scientific Industries, Inc is a supplier of laser-based manufacturing solutions for the micro technology industry. The Company operates in two segments, Component Processing and Micromachining. Its Component Processing segment includes interconnect products, semiconductor products and component products.

5 Day Chart for NASDAQ:ESIO

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