Rhumbline Advisers boosted its holdings in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 11.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,869 shares of the semiconductor company’s stock after buying an additional 6,118 shares during the quarter. Rhumbline Advisers owned 0.19% of Electro Scientific Industries worth $510,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Louisiana State Employees Retirement System lifted its stake in Electro Scientific Industries by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the semiconductor company’s stock valued at $111,000 after acquiring an additional 200 shares during the period. Trexquant Investment LP purchased a new stake in shares of Electro Scientific Industries during the 2nd quarter valued at about $124,000. Arizona State Retirement System boosted its holdings in shares of Electro Scientific Industries by 2.4% during the 1st quarter. Arizona State Retirement System now owns 17,065 shares of the semiconductor company’s stock valued at $119,000 after acquiring an additional 400 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of Electro Scientific Industries by 1.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 18,260 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 330 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of Electro Scientific Industries by 2.5% during the 1st quarter. Baird Financial Group Inc. now owns 23,854 shares of the semiconductor company’s stock valued at $166,000 after acquiring an additional 580 shares during the last quarter. 73.16% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on ESIO shares. Zacks Investment Research lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. Lake Street Capital restated a “buy” rating and set a $14.50 price objective (up previously from $10.50) on shares of Electro Scientific Industries in a research report on Monday, September 18th. BidaskClub upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. ValuEngine upgraded shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Needham & Company LLC upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Electro Scientific Industries currently has a consensus rating of “Buy” and an average target price of $12.83.

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Shares of Electro Scientific Industries, Inc. (NASDAQ ESIO) opened at 14.59 on Wednesday. The stock’s market cap is $483.45 million. The company’s 50-day moving average price is $12.50 and its 200-day moving average price is $9.14. Electro Scientific Industries, Inc. has a 52-week low of $4.50 and a 52-week high of $14.89.

Electro Scientific Industries (NASDAQ:ESIO) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.20. Electro Scientific Industries had a negative return on equity of 22.18% and a negative net margin of 18.49%. The company had revenue of $72.70 million during the quarter, compared to analyst estimates of $61.10 million. During the same quarter last year, the business posted $0.09 EPS. The firm’s quarterly revenue was up 52.4% on a year-over-year basis. On average, equities research analysts forecast that Electro Scientific Industries, Inc. will post $0.73 earnings per share for the current fiscal year.

About Electro Scientific Industries

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.

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

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