Jefferies Group LLC bought a new position in shares of Electro Scientific Industries (NASDAQ:ESIO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,857 shares of the semiconductor company’s stock, valued at approximately $447,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ESIO. JPMorgan Chase & Co. acquired a new position in Electro Scientific Industries during the 3rd quarter worth approximately $109,000. LS Investment Advisors LLC boosted its position in Electro Scientific Industries by 723.4% during the 4th quarter. LS Investment Advisors LLC now owns 7,361 shares of the semiconductor company’s stock worth $158,000 after acquiring an additional 6,467 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Electro Scientific Industries during the 3rd quarter worth approximately $164,000. Stevens Capital Management LP acquired a new position in Electro Scientific Industries during the 3rd quarter worth approximately $172,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in Electro Scientific Industries by 58.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,480 shares of the semiconductor company’s stock worth $174,000 after acquiring an additional 4,620 shares during the last quarter. 83.92% of the stock is owned by institutional investors and hedge funds.

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A number of research firms have weighed in on ESIO. Zacks Investment Research raised Electro Scientific Industries from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research report on Monday, January 22nd. TheStreet raised Electro Scientific Industries from a “c” rating to a “b-” rating in a research report on Friday, January 19th. Lake Street Capital upped their price target on Electro Scientific Industries from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Needham & Company LLC upped their price target on Electro Scientific Industries from $27.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, DA Davidson reaffirmed a “buy” rating and set a $32.00 price target on shares of Electro Scientific Industries in a research report on Thursday, January 18th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.60.

Shares of Electro Scientific Industries (NASDAQ ESIO) opened at $20.81 on Friday. The company has a market capitalization of $719.36, a P/E ratio of 35.73, a PEG ratio of 0.71 and a beta of 0.99. The company has a quick ratio of 2.04, a current ratio of 2.86 and a debt-to-equity ratio of 0.07. Electro Scientific Industries has a twelve month low of $6.17 and a twelve month high of $27.72.

Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.83 by $0.16. The company had revenue of $110.80 million during the quarter, compared to the consensus estimate of $107.00 million. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. The firm’s revenue for the quarter was up 227.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.23) EPS. analysts forecast that Electro Scientific Industries will post 2.5 earnings per share for the current year.

In other news, VP John Edward Williams sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $18.05, for a total value of $90,250.00. Following the completion of the sale, the vice president now owns 59,800 shares of the company’s stock, valued at approximately $1,079,390. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.22% of the company’s stock.

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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. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems.

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

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