Royce & Associates LP lessened its holdings in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 13.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 696,482 shares of the semiconductor company’s stock after selling 104,700 shares during the period. Royce & Associates LP owned approximately 2.07% of Electro Scientific Industries worth $5,739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ESIO. Divisar Capital Management LLC increased its position in Electro Scientific Industries by 24.1% in the first quarter. Divisar Capital Management LLC now owns 1,437,488 shares of the semiconductor company’s stock worth $10,019,000 after purchasing an additional 278,813 shares during the last quarter. Vanguard Group Inc. increased its position in Electro Scientific Industries by 12.0% in the first quarter. Vanguard Group Inc. now owns 1,615,464 shares of the semiconductor company’s stock worth $11,260,000 after purchasing an additional 172,926 shares during the last quarter. Kennedy Capital Management Inc. increased its position in Electro Scientific Industries by 26.2% in the first quarter. Kennedy Capital Management Inc. now owns 457,623 shares of the semiconductor company’s stock worth $3,190,000 after purchasing an additional 95,041 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Electro Scientific Industries by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,513,438 shares of the semiconductor company’s stock worth $17,518,000 after purchasing an additional 91,565 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Electro Scientific Industries by 97.9% in the first quarter. Wells Fargo & Company MN now owns 132,539 shares of the semiconductor company’s stock worth $924,000 after purchasing an additional 65,554 shares during the last quarter. Institutional investors own 73.16% of the company’s stock.

Electro Scientific Industries, Inc. (ESIO) opened at 12.12 on Thursday. The company’s market cap is $401.61 million. Electro Scientific Industries, Inc. has a 52-week low of $4.50 and a 52-week high of $12.60. The firm’s 50-day moving average is $10.46 and its 200-day moving average is $8.24.

Electro Scientific Industries (NASDAQ:ESIO) last announced its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.20. The firm had revenue of $72.70 million for the quarter, compared to the consensus estimate of $61.10 million. Electro Scientific Industries had a negative return on equity of 22.18% and a negative net margin of 18.49%. The firm’s revenue for the quarter was up 52.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. On average, equities research analysts anticipate that Electro Scientific Industries, Inc. will post $0.72 EPS for the current year.

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Several equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, August 8th. ValuEngine upgraded shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Needham & Company LLC upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, August 3rd. Finally, Lake Street Capital reduced their price target on shares of Electro Scientific Industries from $10.50 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $11.00.

Electro Scientific Industries Profile

Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.

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

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