Segall Bryant & Hamill LLC lessened its position in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 73.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 224,832 shares of the semiconductor company’s stock after selling 615,313 shares during the period. Segall Bryant & Hamill LLC owned 0.67% of Electro Scientific Industries worth $3,130,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Louisiana State Employees Retirement System grew its holdings in Electro Scientific Industries by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the semiconductor company’s stock worth $111,000 after acquiring an additional 200 shares during the last quarter. Arizona State Retirement System grew its holdings in Electro Scientific Industries by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 17,365 shares of the semiconductor company’s stock worth $143,000 after acquiring an additional 300 shares during the last quarter. PDT Partners LLC grew its holdings in Electro Scientific Industries by 2.2% in the 2nd quarter. PDT Partners LLC now owns 19,631 shares of the semiconductor company’s stock worth $162,000 after acquiring an additional 431 shares during the last quarter. California State Teachers Retirement System grew its holdings in Electro Scientific Industries by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 55,864 shares of the semiconductor company’s stock worth $460,000 after acquiring an additional 500 shares during the last quarter. Finally, Texas Permanent School Fund grew its holdings in Electro Scientific Industries by 2.7% in the 2nd quarter. Texas Permanent School Fund now owns 24,283 shares of the semiconductor company’s stock worth $200,000 after acquiring an additional 629 shares during the last quarter. 75.41% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Paul R. Oldham sold 120,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Paul R. Oldham sold 60,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $24.08, for a total transaction of $1,444,800.00. Following the completion of the sale, the chief financial officer now directly owns 287,665 shares of the company’s stock, valued at $6,926,973.20. The disclosure for this sale can be found here. Company insiders own 6.22% of the company’s stock.

Shares of Electro Scientific Industries, Inc. (NASDAQ ESIO) opened at $20.46 on Monday. Electro Scientific Industries, Inc. has a 12-month low of $5.63 and a 12-month high of $27.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.96 and a current ratio of 2.81.

Electro Scientific Industries (NASDAQ:ESIO) last posted its earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.12. Electro Scientific Industries had a negative net margin of 9.00% and a negative return on equity of 13.50%. The firm had revenue of $70.97 million during the quarter, compared to analysts’ expectations of $65.53 million. During the same period last year, the company posted ($0.24) EPS. The company’s quarterly revenue was up 139.3% compared to the same quarter last year. equities research analysts expect that Electro Scientific Industries, Inc. will post 1.14 EPS for the current fiscal year.

A number of brokerages have issued reports on ESIO. Zacks Investment Research lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Friday. Lake Street Capital raised their price target on shares of 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 raised their price target on shares of Electro Scientific Industries from $12.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. BidaskClub lowered shares of Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Finally, DA Davidson reissued a “buy” rating and issued a $25.00 price target on shares of Electro Scientific Industries in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $26.50.

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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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