D.A. Davidson & CO. cut its stake in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 908,142 shares of the semiconductor company’s stock after selling 5,247 shares during the period. D.A. Davidson & CO. owned about 2.70% of Electro Scientific Industries worth $7,483,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ESIO. Wells Fargo & Company MN raised its stake in Electro Scientific Industries by 97.9% during the 1st quarter. Wells Fargo & Company MN now owns 132,539 shares of the semiconductor company’s stock valued at $924,000 after buying an additional 65,554 shares during the last quarter. Comerica Bank raised its stake in Electro Scientific Industries by 4.9% during the 1st quarter. Comerica Bank now owns 35,815 shares of the semiconductor company’s stock valued at $256,000 after buying an additional 1,662 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Electro Scientific Industries by 1.7% during the 1st quarter. Ameriprise Financial Inc. now owns 513,343 shares of the semiconductor company’s stock valued at $3,578,000 after buying an additional 8,690 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Electro Scientific Industries by 3.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 88,951 shares of the semiconductor company’s stock valued at $620,000 after buying an additional 2,887 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its stake in Electro Scientific Industries by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 25,330 shares of the semiconductor company’s stock valued at $177,000 after buying an additional 3,823 shares during the last quarter. Institutional investors and hedge funds own 73.16% of the company’s stock.

Shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) traded down 0.57% during midday trading on Wednesday, reaching $13.86. 122,090 shares of the company’s stock were exchanged. The firm’s market cap is $459.26 million. The stock’s 50-day moving average is $11.48 and its 200 day moving average is $8.63. Electro Scientific Industries, Inc. has a one year low of $4.50 and a one year high of $14.11.

Electro Scientific Industries (NASDAQ:ESIO) last posted 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 net margin of 18.49% and a negative return on equity of 22.18%. The business had revenue of $72.70 million during the quarter, compared to the consensus estimate of $61.10 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was up 52.4% compared to the same quarter last year. Analysts anticipate that Electro Scientific Industries, Inc. will post $0.72 EPS for the current year.

A number of brokerages have weighed in on ESIO. ValuEngine upgraded shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Tuesday, August 8th. Lake Street Capital reiterated a “buy” rating and set a $14.50 target price (up from $10.50) on shares of Electro Scientific Industries in a research note on Monday. Finally, Needham & Company LLC upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.83.

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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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