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 stock was sold at an average price of $24.08, for a total transaction of $1,444,800.00. Following the transaction, the chief financial officer now directly owns 287,665 shares in the company, valued at $6,926,973.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Electro Scientific Industries, Inc. (ESIO) opened at $25.12 on Tuesday. Electro Scientific Industries, Inc. has a 12-month low of $5.03 and a 12-month high of $25.44. The company has a current ratio of 2.81, a quick ratio of 1.96 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 EPS for the quarter, topping analysts’ consensus estimates 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) earnings per share. The business’s revenue for the quarter was up 139.3% compared to the same quarter last year. analysts expect that Electro Scientific Industries, Inc. will post 1.14 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Electro Scientific Industries, Inc. (ESIO) CFO Paul R. Oldham Sells 60,000 Shares of Stock” was first published by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/11/21/electro-scientific-industries-inc-esio-cfo-paul-r-oldham-sells-60000-shares-of-stock.html.

A number of research analysts have recently commented on the stock. BidaskClub cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. ValuEngine raised shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. 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 report on Tuesday, August 8th. 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 report on Thursday, August 3rd. Finally, Lake Street Capital boosted their target price on shares of Electro Scientific Industries from $14.50 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $25.25.

Several large investors have recently modified their holdings of ESIO. Algert Global LLC bought a new stake in shares of Electro Scientific Industries in the third quarter worth $5,205,000. EAM Investors LLC increased its stake in shares of Electro Scientific Industries by 276.7% in the third quarter. EAM Investors LLC now owns 271,777 shares of the semiconductor company’s stock worth $3,783,000 after buying an additional 199,637 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Electro Scientific Industries in the third quarter worth $2,609,000. Vanguard Group Inc. increased its stake in shares of Electro Scientific Industries by 12.0% in the first quarter. Vanguard Group Inc. now owns 1,615,464 shares of the semiconductor company’s stock worth $11,260,000 after buying an additional 172,926 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in shares of Electro Scientific Industries in the third quarter worth $1,758,000. 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.

Receive News & Ratings for Electro Scientific Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.