Teton Advisors Inc. cut its position in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 3.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,939 shares of the semiconductor company’s stock after selling 6,000 shares during the quarter. Teton Advisors Inc. owned about 0.44% of Electro Scientific Industries worth $2,045,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in Electro Scientific Industries by 109.2% in the 1st quarter. Bank of America Corp DE now owns 49,374 shares of the semiconductor company’s stock valued at $344,000 after purchasing an additional 25,771 shares during the period. Legal & General Group Plc boosted its stake in Electro Scientific Industries by 16.6% in the 2nd quarter. Legal & General Group Plc now owns 61,386 shares of the semiconductor company’s stock valued at $506,000 after purchasing an additional 8,755 shares during the period. Citigroup Inc. boosted its stake in Electro Scientific Industries by 43.4% in the 2nd quarter. Citigroup Inc. now owns 41,217 shares of the semiconductor company’s stock valued at $340,000 after purchasing an additional 12,472 shares during the period. Bank of New York Mellon Corp boosted its stake in Electro Scientific Industries by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 403,813 shares of the semiconductor company’s stock valued at $3,327,000 after purchasing an additional 20,330 shares during the period. Finally, GSA Capital Partners LLP lifted its position in shares of Electro Scientific Industries by 125.8% during the 2nd quarter. GSA Capital Partners LLP now owns 90,300 shares of the semiconductor company’s stock valued at $744,000 after acquiring an additional 50,300 shares during the period. Institutional investors and hedge funds own 72.88% of the company’s stock.

Electro Scientific Industries, Inc. (ESIO) traded up $0.71 during trading hours on Monday, hitting $22.74. The stock had a trading volume of 756,640 shares, compared to its average volume of 963,125. Electro Scientific Industries, Inc. has a 1 year low of $4.60 and a 1 year high of $22.96. The company has a quick ratio of 1.96, a current ratio of 2.81 and a debt-to-equity ratio of 0.08.

Electro Scientific Industries (NASDAQ:ESIO) last posted its earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. The business had revenue of $70.97 million for the quarter, compared to analyst estimates of $65.53 million. Electro Scientific Industries had a negative return on equity of 13.50% and a negative net margin of 9.00%. The firm’s revenue was up 139.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.24) EPS. research analysts expect that Electro Scientific Industries, Inc. will post 0.28 earnings per share for the current year.

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A number of research firms have recently weighed in on ESIO. Needham & Company LLC upped their target price on Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday. Lake Street Capital upped their target price on Electro Scientific Industries from $14.50 to $22.00 and gave the company a “buy” rating in a research report on Thursday. DA Davidson reiterated a “buy” rating and set a $25.00 target price on shares of Electro Scientific Industries in a research report on Thursday. Zacks Investment Research downgraded Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BidaskClub upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $21.50.

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.

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

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