TIAA CREF Investment Management LLC grew its holdings in shares of Electro Scientific Industries (NASDAQ:ESIO) by 69.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 271,922 shares of the semiconductor company’s stock after acquiring an additional 111,668 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Electro Scientific Industries were worth $5,827,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ESIO. Russell Investments Group Ltd. boosted its position in shares of Electro Scientific Industries by 6.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 52,964 shares of the semiconductor company’s stock valued at $737,000 after acquiring an additional 3,225 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Electro Scientific Industries during the 3rd quarter valued at about $206,000. JPMorgan Chase & Co. bought a new stake in shares of Electro Scientific Industries during the 3rd quarter valued at about $109,000. Wells Fargo & Company MN boosted its position in shares of Electro Scientific Industries by 29.1% during the 3rd quarter. Wells Fargo & Company MN now owns 321,985 shares of the semiconductor company’s stock valued at $4,481,000 after acquiring an additional 72,622 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Electro Scientific Industries by 25.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 66,200 shares of the semiconductor company’s stock valued at $922,000 after acquiring an additional 13,400 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

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Shares of NASDAQ ESIO opened at $19.43 on Tuesday. The stock has a market cap of $658.96, a P/E ratio of 32.73, a PEG ratio of 0.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.04 and a current ratio of 2.86. Electro Scientific Industries has a 1-year low of $6.19 and a 1-year high of $27.72.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.16. The company had revenue of $110.80 million for the quarter, compared to analysts’ expectations of $107.00 million. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. Electro Scientific Industries’s revenue for the quarter was up 227.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.23) EPS. equities analysts expect that Electro Scientific Industries will post 2.5 earnings per share for the current year.

ESIO has been the topic of a number of research reports. BidaskClub raised Electro Scientific Industries from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. DA Davidson reissued a “buy” rating and set a $32.00 price objective on shares of Electro Scientific Industries in a report on Thursday, January 18th. Zacks Investment Research cut Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Monday, December 25th. Needham & Company LLC raised their price objective on Electro Scientific Industries from $27.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Stifel Nicolaus initiated coverage on Electro Scientific Industries in a report on Wednesday, March 14th. They set a “buy” rating and a $36.00 price objective on the stock. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $32.60.

In other Electro Scientific Industries news, VP John Edward Williams sold 5,000 shares of Electro Scientific Industries stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $18.05, for a total value of $90,250.00. Following the transaction, the vice president now directly owns 59,800 shares of the company’s stock, valued at approximately $1,079,390. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.22% of the stock is owned by insiders.

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About Electro Scientific Industries

Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems.

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

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