Citadel Advisors LLC raised its position in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 303.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,185 shares of the semiconductor company’s stock after purchasing an additional 78,381 shares during the quarter. Citadel Advisors LLC owned 0.31% of Electro Scientific Industries worth $1,451,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in Electro Scientific Industries in the 3rd quarter worth about $109,000. Stevens Capital Management LP purchased a new stake in Electro Scientific Industries in the 3rd quarter worth about $172,000. Municipal Employees Retirement System of Michigan raised its position in Electro Scientific Industries by 58.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,480 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 4,620 shares during the period. Louisiana State Employees Retirement System increased its position 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 during the period. Finally, Macquarie Group Ltd. purchased a new position in shares of Electro Scientific Industries during the third quarter worth approximately $206,000. 75.41% of the stock is currently owned by institutional investors.

Electro Scientific Industries, Inc. (ESIO) opened at $20.48 on Thursday. Electro Scientific Industries, Inc. has a 1 year low of $5.32 and a 1 year high of $27.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.96 and a current ratio of 2.81.

Electro Scientific Industries (NASDAQ:ESIO) last issued its earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.12. Electro Scientific Industries had a negative net margin of 9.00% and a negative return on equity of 13.50%. The business 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 posted ($0.24) earnings per share. The company’s quarterly revenue was up 139.3% compared to the same quarter last year. sell-side analysts forecast that Electro Scientific Industries, Inc. will post 1.14 earnings per share for the current year.

In other news, CFO Paul R. Oldham sold 120,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were 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 legal filing with the SEC, which is available through the SEC website. Also, CFO Paul R. Oldham sold 60,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $24.08, for a total transaction 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 currently owned by company insiders.

ESIO has been the topic of a number of research reports. BidaskClub raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Lake Street Capital reaffirmed a “buy” rating and set a $14.50 target price (up from $10.50) on shares of Electro Scientific Industries in a research report on Monday, September 18th. Zacks Investment Research lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. DA Davidson reaffirmed a “buy” rating and set a $25.00 target price on shares of Electro Scientific Industries in a research report on Thursday, November 2nd. Finally, Needham & Company LLC raised their target price on shares of Electro Scientific Industries from $12.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $26.50.

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Electro Scientific Industries Company 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.

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

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