Macquarie Group Ltd. purchased a new stake in Electro Scientific Industries, Inc. (NASDAQ:ESIO) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,822 shares of the semiconductor company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stevens Capital Management LP acquired a new position in shares of Electro Scientific Industries in the 3rd quarter valued at $172,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of 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 valued at $174,000 after purchasing an additional 4,620 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Electro Scientific Industries in the 2nd quarter valued at $124,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Electro Scientific Industries by 59.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 16,520 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 6,168 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new position in shares of Electro Scientific Industries in the 2nd quarter valued at $138,000. Institutional investors own 75.30% of the company’s stock.

In related news, CFO Paul R. Oldham sold 60,000 shares of Electro Scientific Industries stock in a transaction 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 approximately $6,926,973.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul R. Oldham sold 120,000 shares of Electro Scientific Industries stock in a transaction 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 owns 237,665 shares in the company, valued at approximately $5,582,750.85. The disclosure for this sale can be found here. Insiders own 6.22% of the company’s stock.

A number of equities analysts have weighed in on the stock. Lake Street Capital lifted their price target on shares of Electro Scientific Industries from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, November 8th. BidaskClub lowered shares of Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Needham & Company LLC lifted their price target on shares of Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, DA Davidson reiterated a “buy” rating and issued a $25.00 price target on shares of Electro Scientific Industries in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $26.50.

Electro Scientific Industries, Inc. (NASDAQ ESIO) opened at $22.16 on Thursday. The company has a current ratio of 2.81, a quick ratio of 1.96 and a debt-to-equity ratio of 0.08. Electro Scientific Industries, Inc. has a 1-year low of $5.75 and a 1-year high of $27.72.

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. The business had revenue of $70.97 million for the quarter, compared to analyst estimates of $65.53 million. Electro Scientific Industries had a negative net margin of 9.00% and a negative return on equity of 13.50%. The business’s quarterly revenue was up 139.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.24) EPS. research analysts forecast that Electro Scientific Industries, Inc. will post 1.14 earnings per share for the current year.

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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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