TIAA CREF Investment Management LLC trimmed its holdings in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 9.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,517 shares of the semiconductor company’s stock after selling 7,073 shares during the period. TIAA CREF Investment Management LLC’s holdings in Electro Scientific Industries were worth $1,126,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. increased its holdings in shares of Electro Scientific Industries by 455.0% during the third quarter. Pacer Advisors Inc. now owns 7,953 shares of the semiconductor company’s stock valued at $139,000 after purchasing an additional 6,520 shares during the period. O Shaughnessy Asset Management LLC bought a new position in Electro Scientific Industries during the third quarter valued at about $167,000. United Services Automobile Association bought a new position in Electro Scientific Industries during the second quarter valued at about $168,000. Falcon Point Capital LLC bought a new position in Electro Scientific Industries during the third quarter valued at about $199,000. Finally, Victory Capital Management Inc. bought a new position in Electro Scientific Industries during the third quarter valued at about $208,000. 93.04% of the stock is currently owned by institutional investors.

Shares of NASDAQ:ESIO traded down $0.01 during midday trading on Monday, reaching $29.99. The company had a trading volume of 5,668,273 shares, compared to its average volume of 958,905. The company has a quick ratio of 3.88, a current ratio of 5.20 and a debt-to-equity ratio of 0.04. Electro Scientific Industries, Inc. has a 1-year low of $13.92 and a 1-year high of $30.02. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.25 and a beta of 0.04.

ESIO has been the subject of several research reports. BidaskClub raised Electro Scientific Industries from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 27th. ValuEngine raised Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Stifel Nicolaus cut Electro Scientific Industries from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Tuesday, October 30th. Lake Street Capital cut Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, DA Davidson cut Electro Scientific Industries from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $27.00.

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Electro Scientific Industries Company 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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