BNP Paribas Arbitrage SA grew its position in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 59.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,520 shares of the semiconductor company’s stock after purchasing an additional 6,168 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Electro Scientific Industries were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Electro Scientific Industries by 12.0% during the first quarter. Vanguard Group Inc. now owns 1,615,464 shares of the semiconductor company’s stock worth $11,260,000 after acquiring an additional 172,926 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Electro Scientific Industries by 88.1% during the second quarter. Wells Fargo & Company MN now owns 249,363 shares of the semiconductor company’s stock worth $2,056,000 after acquiring an additional 116,824 shares during the last quarter. Divisar Capital Management LLC boosted its position in shares of Electro Scientific Industries by 7.8% during the second quarter. Divisar Capital Management LLC now owns 1,549,807 shares of the semiconductor company’s stock worth $12,770,000 after acquiring an additional 112,319 shares during the last quarter. EAM Investors LLC bought a new position in shares of Electro Scientific Industries during the second quarter worth $594,000. Finally, State Street Corp boosted its position in shares of Electro Scientific Industries by 13.4% during the second quarter. State Street Corp now owns 595,910 shares of the semiconductor company’s stock worth $4,911,000 after acquiring an additional 70,197 shares during the last quarter. Hedge funds and other institutional investors own 75.41% of the company’s stock.

In other news, CFO Paul R. Oldham sold 120,000 shares of the 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 sale, the chief financial officer now owns 237,665 shares of the company’s stock, valued at $5,582,750.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Paul R. Oldham sold 60,000 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $24.08, for a total transaction of $1,444,800.00. Following the completion of the sale, the chief financial officer now directly owns 287,665 shares in the company, valued at approximately $6,926,973.20. The disclosure for this sale can be found here. 6.22% of the stock is owned by company insiders.

A number of equities analysts recently weighed in on ESIO shares. Zacks Investment Research lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Lake Street Capital reiterated a “buy” rating and set a $14.50 price objective (up previously from $10.50) on shares of Electro Scientific Industries in a research report on Monday, September 18th. Needham & Company LLC increased their price objective on shares of Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. BidaskClub lowered shares of Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Finally, DA Davidson reiterated a “buy” rating and set a $25.00 price objective on shares of Electro Scientific Industries in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $26.50.

Electro Scientific Industries, Inc. (NASDAQ:ESIO) opened at $19.65 on Thursday. Electro Scientific Industries, Inc. has a 12-month low of $5.75 and a 12-month high of $27.72. 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 released its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.12. Electro Scientific Industries had a net margin of 6.00% and a return on equity of 11.31%. The business had revenue of $70.97 million during the quarter, compared to analyst estimates of $65.53 million. During the same quarter last year, the business earned ($0.24) earnings per share. Electro Scientific Industries’s quarterly revenue 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 fiscal year.

TRADEMARK VIOLATION WARNING: “Electro Scientific Industries, Inc. (ESIO) Holdings Boosted by BNP Paribas Arbitrage SA” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/12/14/electro-scientific-industries-inc-esio-holdings-boosted-by-bnp-paribas-arbitrage-sa.html.

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.

Want to see what other hedge funds are holding ESIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electro Scientific Industries, Inc. (NASDAQ:ESIO).

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

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