Electro Scientific Industries, Inc. (NASDAQ:ESIO) CFO Paul R. Oldham sold 60,000 shares of the business’s stock in a transaction 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 directly owns 287,665 shares in the company, valued at $6,926,973.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Electro Scientific Industries, Inc. (ESIO) opened at $26.12 on Thursday. 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, Inc. has a fifty-two week low of $5.03 and a fifty-two week high of $27.08.

Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 EPS for the quarter, beating the 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 business had revenue of $70.97 million for the quarter, compared to analysts’ expectations of $65.53 million. During the same period in the previous year, the company posted ($0.24) EPS. Electro Scientific Industries’s revenue was up 139.3% on a year-over-year basis. equities analysts expect that Electro Scientific Industries, Inc. will post 1.14 earnings per share for the current year.

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Several analysts have issued reports on ESIO shares. BidaskClub downgraded shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Needham & Company LLC raised 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. Lake Street Capital cut 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. ValuEngine raised shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Electro Scientific Industries currently has an average rating of “Buy” and an average price target of $25.25.

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Electro Scientific Industries by 109.2% during the 1st quarter. Bank of America Corp DE now owns 49,374 shares of the semiconductor company’s stock valued at $344,000 after acquiring an additional 25,771 shares in the last quarter. Legal & General Group Plc boosted its holdings in Electro Scientific Industries by 16.6% in the second quarter. Legal & General Group Plc now owns 61,386 shares of the semiconductor company’s stock worth $506,000 after purchasing an additional 8,755 shares in the last quarter. Citigroup Inc. boosted its holdings in Electro Scientific Industries by 43.4% in the second quarter. Citigroup Inc. now owns 41,217 shares of the semiconductor company’s stock worth $340,000 after purchasing an additional 12,472 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Electro Scientific Industries by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 403,813 shares of the semiconductor company’s stock worth $3,327,000 after purchasing an additional 20,330 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Electro Scientific Industries by 125.8% in the second quarter. GSA Capital Partners LLP now owns 90,300 shares of the semiconductor company’s stock worth $744,000 after purchasing an additional 50,300 shares in the last quarter. Institutional investors and hedge funds own 69.07% of the company’s stock.

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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