Dimensional Fund Advisors LP decreased its holdings in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,484,586 shares of the semiconductor company’s stock after selling 87,793 shares during the quarter. Dimensional Fund Advisors LP owned 0.07% of Electro Scientific Industries worth $34,585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in shares of Electro Scientific Industries in the third quarter valued at approximately $109,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Electro Scientific Industries in the third quarter valued at approximately $164,000. Stevens Capital Management LP purchased a new position in shares of Electro Scientific Industries in the third quarter valued at approximately $172,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of Electro Scientific Industries by 58.8% in the third 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 period. Finally, Macquarie Group Ltd. purchased a new position in shares of Electro Scientific Industries in the third quarter valued at approximately $206,000. 75.30% of the stock is owned by institutional investors and hedge funds.

Shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) opened at $20.05 on Friday. The firm has a market cap of $664.39, a P/E ratio of -31.83, a P/E/G ratio of 1.48 and a beta of 0.75. Electro Scientific Industries, Inc. has a 1-year low of $6.10 and a 1-year high of $27.72. 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 (NASDAQ:ESIO) last issued 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 firm had revenue of $70.97 million for the quarter, compared to analysts’ expectations 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 firm’s revenue was up 139.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.24) earnings per share. equities analysts forecast that Electro Scientific Industries, Inc. will post 1.14 EPS for the current year.

In other Electro Scientific Industries news, CFO Paul R. Oldham sold 60,000 shares of the firm’s 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 sale, the chief financial officer now owns 287,665 shares of the company’s stock, valued at $6,926,973.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Paul R. Oldham sold 120,000 shares of the firm’s 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 sale, the chief financial officer now directly owns 237,665 shares in the company, valued at approximately $5,582,750.85. The disclosure for this sale can be found here. 6.22% of the stock is owned by company insiders.

Several analysts recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and issued a $25.00 target price on shares of Electro Scientific Industries in a report on Thursday, November 2nd. Zacks Investment Research cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Lake Street Capital raised their target price on shares of Electro Scientific Industries from $14.50 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. BidaskClub cut shares of Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Finally, Needham & Company LLC raised their target price 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Electro Scientific Industries presently has an average rating of “Buy” and an average target price of $26.00.

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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.

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

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