Piedmont Investment Advisors LLC purchased a new position in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) during the second quarter, Holdings Channel reports. The firm purchased 7,967 shares of the semiconductor company’s stock, valued at approximately $126,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. C M Bidwell & Associates Ltd. boosted its position in Electro Scientific Industries by 134.2% during the first quarter. C M Bidwell & Associates Ltd. now owns 9,170 shares of the semiconductor company’s stock worth $177,000 after acquiring an additional 5,255 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Electro Scientific Industries by 1,793.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,581 shares of the semiconductor company’s stock worth $183,000 after acquiring an additional 9,075 shares during the last quarter. Mackay Shields LLC acquired a new position in Electro Scientific Industries during the first quarter worth about $213,000. Cambridge Investment Research Advisors Inc. acquired a new position in Electro Scientific Industries during the first quarter worth about $222,000. Finally, CIBC World Markets Inc. acquired a new position in Electro Scientific Industries during the first quarter worth about $275,000. Hedge funds and other institutional investors own 83.84% of the company’s stock.

Shares of ESIO stock opened at $23.07 on Tuesday. The company has a current ratio of 4.22, a quick ratio of 2.94 and a debt-to-equity ratio of 0.04. Electro Scientific Industries, Inc. has a 12 month low of $10.58 and a 12 month high of $27.72. The stock has a market cap of $791.32 million, a price-to-earnings ratio of 7.80, a PEG ratio of 0.94 and a beta of 1.02.

Electro Scientific Industries (NASDAQ:ESIO) last issued its earnings results on Wednesday, August 1st. The semiconductor company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. Electro Scientific Industries had a net margin of 35.60% and a return on equity of 47.09%. The company had revenue of $110.62 million for the quarter, compared to the consensus estimate of $104.64 million. During the same period in the previous year, the firm earned $0.38 earnings per share. Electro Scientific Industries’s quarterly revenue was up 52.2% compared to the same quarter last year. research analysts anticipate that Electro Scientific Industries, Inc. will post 2.06 EPS for the current fiscal year.

In other Electro Scientific Industries news, Director Raymond A. Link sold 6,000 shares of Electro Scientific Industries stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $23.01, for a total transaction of $138,060.00. Following the transaction, the director now directly owns 73,643 shares of the company’s stock, valued at $1,694,525.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.53% of the stock is owned by insiders.

A number of equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered shares of Electro Scientific Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 8th. BidaskClub upgraded shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, Stifel Nicolaus boosted their price target on shares of Electro Scientific Industries from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Electro Scientific Industries presently has a consensus rating of “Buy” and an average target price of $30.40.

Electro Scientific Industries Profile

Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. The company provides printed circuit board laser drilling products, including laser via drilling systems for electrical interconnect applications that require dimensions to create electrical connections between layers in flexible circuits, high-density circuit boards, and interconnect packages; micro via drilling technology that addresses the changing applications in interconnect packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems that employ technology in lasers, optics, and motion control.

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

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