Wells Fargo & Company MN raised its position in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 53.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 469,292 shares of the semiconductor company’s stock after purchasing an additional 163,098 shares during the period. Wells Fargo & Company MN owned 1.38% of Electro Scientific Industries worth $7,399,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Electro Scientific Industries by 3.1% in the 1st quarter. BlackRock Inc. now owns 4,393,063 shares of the semiconductor company’s stock valued at $84,918,000 after purchasing an additional 131,992 shares in the last quarter. American Century Companies Inc. lifted its holdings in Electro Scientific Industries by 149.2% in the 1st quarter. American Century Companies Inc. now owns 318,990 shares of the semiconductor company’s stock valued at $6,166,000 after purchasing an additional 190,959 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Electro Scientific Industries by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 258,248 shares of the semiconductor company’s stock valued at $4,992,000 after purchasing an additional 7,628 shares in the last quarter. Boston Advisors LLC lifted its holdings in Electro Scientific Industries by 9.3% in the 2nd quarter. Boston Advisors LLC now owns 257,214 shares of the semiconductor company’s stock valued at $4,056,000 after purchasing an additional 21,910 shares in the last quarter. Finally, Foundry Partners LLC lifted its holdings in Electro Scientific Industries by 44.0% in the 1st quarter. Foundry Partners LLC now owns 193,505 shares of the semiconductor company’s stock valued at $3,740,000 after purchasing an additional 59,115 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

In other Electro Scientific Industries news, Director Raymond A. Link sold 6,000 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $23.01, for a total value of $138,060.00. Following the completion of the sale, the director now directly owns 73,643 shares of the company’s stock, valued at approximately $1,694,525.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.53% of the stock is owned by company insiders.

A number of research analysts have weighed in on the company. BidaskClub lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Thursday, June 14th. Zacks Investment Research upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, June 28th. Finally, ValuEngine lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.40.

Shares of ESIO opened at $18.17 on Friday. Electro Scientific Industries, Inc. has a 52-week low of $12.16 and a 52-week high of $27.72. The firm has a market capitalization of $609.70 million, a price-to-earnings ratio of 6.01, a P/E/G ratio of 0.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.22 and a quick ratio of 2.94.

Electro Scientific Industries (NASDAQ:ESIO) last issued its earnings results on Wednesday, August 1st. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. Electro Scientific Industries had a return on equity of 47.09% and a net margin of 35.60%. The business had revenue of $110.62 million during the quarter, compared to the consensus estimate of $104.64 million. During the same period last year, the company earned $0.38 EPS. The company’s revenue for the quarter was up 52.2% on a year-over-year basis. sell-side analysts forecast that Electro Scientific Industries, Inc. will post 2.06 EPS for the current fiscal year.

About Electro Scientific Industries

Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. The company provides printed circuit board laser drilling products, including laser via drilling systems for electrical interconnect applications that require dimensions to create electrical connections between layers in flexible circuits, high-density circuit boards, and interconnect packages; micro via drilling technology that addresses the changing applications in interconnect packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems that employ technology in lasers, optics, and motion control.

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

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