Electro Scientific Industries, Inc. (NASDAQ:ESIO) CFO Paul R. Oldham sold 120,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $23.49, for a total value of $2,818,800.00. Following the completion of the transaction, the chief financial officer now directly owns 237,665 shares in the company, valued at approximately $5,582,750.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Electro Scientific Industries, Inc. (NASDAQ ESIO) traded down $0.97 during midday trading on Monday, reaching $22.76. 1,359,000 shares of the company’s stock traded hands, compared to its average volume of 314,178. Electro Scientific Industries, Inc. has a 12-month low of $4.97 and a 12-month high of $24.15. 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 (NASDAQ:ESIO) last posted its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share for the quarter, topping 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 firm 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. The company’s quarterly revenue was up 139.3% compared to the same quarter last year. equities analysts expect that Electro Scientific Industries, Inc. will post 1.14 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its position in Electro Scientific Industries by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 200 shares in the last quarter. Arizona State Retirement System grew its position in Electro Scientific Industries by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 17,365 shares of the semiconductor company’s stock worth $143,000 after purchasing an additional 300 shares in the last quarter. Thrivent Financial For Lutherans grew its position in Electro Scientific Industries by 1.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 18,260 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 330 shares in the last quarter. PDT Partners LLC grew its position in Electro Scientific Industries by 2.2% during the 2nd quarter. PDT Partners LLC now owns 19,631 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 431 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in Electro Scientific Industries by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 55,864 shares of the semiconductor company’s stock worth $460,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 68.71% of the company’s stock.

Several research analysts have issued reports on the company. BidaskClub raised Electro Scientific Industries from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price target on shares of Electro Scientific Industries in a report on Thursday, November 2nd. Zacks Investment Research raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Tuesday, August 8th. ValuEngine raised Electro Scientific Industries from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Needham & Company LLC raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $25.25.

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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