Texas Permanent School Fund increased its position in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,283 shares of the semiconductor company’s stock after buying an additional 629 shares during the period. Texas Permanent School Fund owned about 0.07% of Electro Scientific Industries worth $200,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in Electro Scientific Industries by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the semiconductor company’s stock worth $111,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System boosted its position in Electro Scientific Industries by 2.4% in the first quarter. Arizona State Retirement System now owns 17,065 shares of the semiconductor company’s stock worth $119,000 after buying an additional 400 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Electro Scientific Industries by 1.8% in the first quarter. Thrivent Financial For Lutherans now owns 18,260 shares of the semiconductor company’s stock worth $127,000 after buying an additional 330 shares during the last quarter. Baird Financial Group Inc. boosted its position in Electro Scientific Industries by 2.5% in the first quarter. Baird Financial Group Inc. now owns 23,854 shares of the semiconductor company’s stock worth $166,000 after buying an additional 580 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its position in Electro Scientific Industries by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 25,330 shares of the semiconductor company’s stock worth $177,000 after buying an additional 3,823 shares during the last quarter. Hedge funds and other institutional investors own 73.16% of the company’s stock.

Shares of Electro Scientific Industries, Inc. (ESIO) opened at 12.50 on Wednesday. The stock has a 50 day moving average of $9.68 and a 200 day moving average of $7.95. Electro Scientific Industries, Inc. has a 52-week low of $4.50 and a 52-week high of $12.54. The company’s market cap is $414.20 million.

Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.20. Electro Scientific Industries had a negative return on equity of 22.18% and a negative net margin of 18.49%. The business had revenue of $72.70 million for the quarter, compared to analyst estimates of $61.10 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The business’s quarterly revenue was up 52.4% compared to the same quarter last year. On average, equities research analysts expect that Electro Scientific Industries, Inc. will post $0.72 EPS for the current year.

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A number of research firms have weighed in on ESIO. BidaskClub upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, August 8th. ValuEngine upgraded shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Needham & Company LLC upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, August 3rd. Finally, Lake Street Capital dropped their target price on shares of Electro Scientific Industries from $10.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $11.00.

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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