Electro Scientific Industries, Inc. (ESIO) Holdings Trimmed by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its stake in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 87.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,902 shares of the semiconductor company’s stock after selling 466,005 shares during the period. D.A. Davidson & CO. owned approximately 0.21% of Electro Scientific Industries worth $1,477,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its position in shares of Electro Scientific Industries by 25.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 66,200 shares of the semiconductor company’s stock worth $922,000 after acquiring an additional 13,400 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Electro Scientific Industries in the third quarter worth $310,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Electro Scientific Industries in the third quarter worth $379,000. Nordea Investment Management AB acquired a new stake in shares of Electro Scientific Industries in the third quarter worth $400,000. Finally, EAM Investors LLC increased its position 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 acquiring an additional 199,637 shares in the last quarter. 76.58% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on ESIO shares. Zacks Investment Research raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Friday, December 22nd. BidaskClub lowered shares of Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. DA Davidson reissued a “buy” rating and issued a $25.00 price objective on shares of Electro Scientific Industries in a research report on Thursday, November 2nd. Lake Street Capital increased their price objective 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. Finally, Needham & Company LLC increased their price objective on shares of Electro Scientific Industries from $12.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $31.00.

Shares of Electro Scientific Industries, Inc. (NASDAQ ESIO) opened at $17.41 on Wednesday. Electro Scientific Industries, Inc. has a 52-week low of $6.17 and a 52-week high of $27.72. The stock has a market cap of $578.44, a price-to-earnings ratio of 28.73, a PEG ratio of 0.72 and a beta of 0.76. The company has a quick ratio of 2.04, a current ratio of 2.86 and a debt-to-equity ratio of 0.07.

Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings results 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 business had revenue of $110.80 million during the quarter, compared to analyst estimates of $107.00 million. Electro Scientific Industries had a net margin of 7.63% and a return on equity of 14.57%. The business’s revenue was up 227.8% on a year-over-year basis. During the same period last year, the business earned ($0.23) EPS. research analysts forecast that Electro Scientific Industries, Inc. will post 1.99 EPS for the current fiscal year.

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Electro Scientific Industries Profile

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.

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

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