Campbell & CO Investment Adviser LLC purchased a new stake in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,776 shares of the semiconductor company’s stock, valued at approximately $164,000.

Other hedge funds have also modified their holdings of the company. EAM Investors LLC grew its stake in Electro Scientific Industries by 276.7% in the third quarter. EAM Investors LLC now owns 271,777 shares of the semiconductor company’s stock valued at $3,783,000 after purchasing an additional 199,637 shares in the last quarter. Vanguard Group Inc. grew its stake in Electro Scientific Industries by 12.0% in the first quarter. Vanguard Group Inc. now owns 1,615,464 shares of the semiconductor company’s stock valued at $11,260,000 after purchasing an additional 172,926 shares in the last quarter. ClariVest Asset Management LLC purchased a new position in Electro Scientific Industries in the third quarter valued at about $1,758,000. Wells Fargo & Company MN grew its stake in Electro Scientific Industries by 88.1% in the second quarter. Wells Fargo & Company MN now owns 249,363 shares of the semiconductor company’s stock valued at $2,056,000 after purchasing an additional 116,824 shares in the last quarter. Finally, Divisar Capital Management LLC grew its stake in Electro Scientific Industries by 7.8% in the second quarter. Divisar Capital Management LLC now owns 1,549,807 shares of the semiconductor company’s stock valued at $12,770,000 after purchasing an additional 112,319 shares in the last quarter. Institutional investors and hedge funds own 75.41% of the company’s stock.

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

A number of brokerages have commented on ESIO. Lake Street Capital boosted their target price on Electro Scientific Industries from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, November 8th. Needham & Company LLC boosted their target price on Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. DA Davidson restated a “buy” rating and issued a $25.00 target price on shares of Electro Scientific Industries in a research note on Thursday, November 2nd. Finally, BidaskClub upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $26.50.

Electro Scientific Industries, Inc. (ESIO) opened at $23.09 on Monday. 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, Inc. has a 52 week low of $5.03 and a 52 week high of $27.72.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $65.53 million. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. The business’s quarterly revenue was up 139.3% compared to the same quarter last year. research analysts anticipate that Electro Scientific Industries, Inc. will post 1.14 EPS 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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