Teton Advisors Inc. decreased its position in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 14.8% during the 4th quarter, HoldingsChannel reports. The firm owned 125,139 shares of the semiconductor company’s stock after selling 21,800 shares during the quarter. Teton Advisors Inc.’s holdings in Electro Scientific Industries were worth $2,682,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. PDT Partners LLC raised its holdings in Electro Scientific Industries by 2.2% during the second quarter. PDT Partners LLC now owns 19,631 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 431 shares in the last quarter. California State Teachers Retirement System raised its holdings in Electro Scientific Industries by 0.9% during the second quarter. California State Teachers Retirement System now owns 55,864 shares of the semiconductor company’s stock worth $460,000 after purchasing an additional 500 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in Electro Scientific Industries by 9.6% during the second quarter. Thrivent Financial For Lutherans now owns 20,020 shares of the semiconductor company’s stock worth $165,000 after purchasing an additional 1,760 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Electro Scientific Industries by 3.4% during the third quarter. GSA Capital Partners LLP now owns 93,400 shares of the semiconductor company’s stock worth $1,300,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Electro Scientific Industries by 6.5% during the third quarter. Russell Investments Group Ltd. now owns 52,964 shares of the semiconductor company’s stock worth $737,000 after purchasing an additional 3,225 shares in the last quarter. 74.84% of the stock is currently owned by hedge funds and other institutional investors.

Electro Scientific Industries, Inc. (NASDAQ ESIO) opened at $19.61 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.86 and a quick ratio of 2.04. The stock has a market cap of $672.80, a P/E ratio of 32.68, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. Electro Scientific Industries, Inc. has a 12-month low of $6.17 and a 12-month high of $27.72.

Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.16. The firm had revenue of $110.80 million for the quarter, compared to analyst estimates of $107.00 million. Electro Scientific Industries had a net margin of 7.63% and a return on equity of 14.57%. The firm’s quarterly revenue was up 227.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) earnings per share. equities analysts forecast that Electro Scientific Industries, Inc. will post 1.78 EPS for the current year.

Several brokerages recently commented on ESIO. Zacks Investment Research raised Electro Scientific Industries from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Monday, January 22nd. TheStreet raised Electro Scientific Industries from a “c” rating to a “b-” rating in a report on Friday, January 19th. Lake Street Capital boosted their target price on Electro Scientific Industries from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Needham & Company LLC boosted their target price on Electro Scientific Industries from $27.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, DA Davidson reissued a “buy” rating and set a $32.00 target price on shares of Electro Scientific Industries in a report on Thursday, January 18th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $31.00.

In other Electro Scientific Industries news, CFO Paul R. Oldham sold 60,000 shares of Electro Scientific Industries stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Paul R. Oldham sold 120,000 shares of Electro Scientific Industries stock in a transaction that occurred on 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 completion of 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.

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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.

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

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