Trexquant Investment LP increased its position in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 56.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,525 shares of the semiconductor company’s stock after acquiring an additional 8,470 shares during the period. Trexquant Investment LP owned about 0.07% of Electro Scientific Industries worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of Electro Scientific Industries during the third quarter worth $109,000. Louisiana State Employees Retirement System raised its holdings in shares of Electro Scientific Industries by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the semiconductor company’s stock worth $111,000 after acquiring an additional 200 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Electro Scientific Industries during the second quarter worth $138,000. Arizona State Retirement System raised its holdings in shares of Electro Scientific Industries by 1.8% during the second quarter. Arizona State Retirement System now owns 17,365 shares of the semiconductor company’s stock worth $143,000 after acquiring an additional 300 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in shares of Electro Scientific Industries during the second quarter worth $160,000. Institutional investors and hedge funds own 75.41% of the company’s stock.

Several brokerages recently issued reports on ESIO. BidaskClub lowered Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Lake Street Capital increased their price objective on Electro Scientific Industries from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, November 8th. Needham & Company LLC increased their price objective on Electro Scientific Industries from $12.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, DA Davidson reiterated a “buy” rating and set a $25.00 price objective on shares of Electro Scientific Industries in a report on Thursday, November 2nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Electro Scientific Industries presently has a consensus rating of “Buy” and a consensus price target of $26.50.

In other Electro Scientific Industries news, CFO Paul R. Oldham sold 120,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $23.49, for a total transaction of $2,818,800.00. Following the transaction, the chief financial officer now directly owns 237,665 shares in the company, valued at $5,582,750.85. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Paul R. Oldham sold 60,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $24.08, for a total value of $1,444,800.00. Following the transaction, the chief financial officer now owns 287,665 shares in the company, valued at $6,926,973.20. The disclosure for this sale can be found here. 6.22% of the stock is owned by company insiders.

Electro Scientific Industries, Inc. (NASDAQ ESIO) opened at $20.42 on Wednesday. Electro Scientific Industries, Inc. has a 1-year low of $5.20 and a 1-year high of $27.72. The company has a quick ratio of 1.96, a current ratio of 2.81 and a debt-to-equity ratio of 0.08.

Electro Scientific Industries (NASDAQ:ESIO) last posted its earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.12. Electro Scientific Industries had a negative return on equity of 13.50% and a negative net margin of 9.00%. The company had revenue of $70.97 million for the quarter, compared to analyst estimates of $65.53 million. During the same period last year, the company earned ($0.24) earnings per share. The business’s revenue was up 139.3% compared to the same quarter last year. research analysts predict that Electro Scientific Industries, Inc. will post 1.14 earnings per share for the current year.

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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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