Electro Scientific Industries, Inc. (ESIO) Position Reduced by Legal & General Group Plc

Legal & General Group Plc cut its stake in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 1.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 52,631 shares of the semiconductor company’s stock after selling 697 shares during the period. Legal & General Group Plc owned approximately 0.16% of Electro Scientific Industries worth $367,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Guggenheim Capital LLC boosted its position in Electro Scientific Industries by 1,970.7% in the fourth quarter. Guggenheim Capital LLC now owns 247,904 shares of the semiconductor company’s stock valued at $1,467,000 after buying an additional 235,932 shares during the period. Russell Investments Group Ltd. purchased a new position in Electro Scientific Industries during the fourth quarter valued at approximately $541,000. Wells Fargo & Company MN boosted its position in Electro Scientific Industries by 97.9% in the first quarter. Wells Fargo & Company MN now owns 132,539 shares of the semiconductor company’s stock valued at $924,000 after buying an additional 65,554 shares during the period. Teton Advisors Inc. boosted its position in Electro Scientific Industries by 51.4% in the first quarter. Teton Advisors Inc. now owns 152,939 shares of the semiconductor company’s stock valued at $1,066,000 after buying an additional 51,900 shares during the period. Finally, State Street Corp boosted its position in Electro Scientific Industries by 10.7% in the fourth quarter. State Street Corp now owns 489,408 shares of the semiconductor company’s stock valued at $2,894,000 after buying an additional 47,450 shares during the period. 70.71% of the stock is owned by hedge funds and other institutional investors.

Shares of Electro Scientific Industries, Inc. (NASDAQ ESIO) opened at 10.88 on Friday. The company’s market capitalization is $360.52 million. The stock has a 50 day moving average price of $9.29 and a 200 day moving average price of $7.78. Electro Scientific Industries, Inc. has a 1-year low of $4.50 and a 1-year high of $11.11.

Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.20. Electro Scientific Industries had a negative net margin of 18.49% and a negative return on equity of 22.18%. The company had revenue of $72.70 million during the quarter, compared to the consensus estimate of $61.10 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s quarterly revenue was up 52.4% on a year-over-year basis. Analysts forecast that Electro Scientific Industries, Inc. will post $0.72 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Electro Scientific Industries, Inc. (ESIO) Position Reduced by Legal & General Group Plc” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/08/19/legal-general-group-plc-sells-697-shares-of-electro-scientific-industries-inc-esio-updated.html.

Several equities research analysts have recently weighed in on the company. Lake Street Capital reiterated a “buy” rating and issued a $9.00 price objective (up from $7.50) on shares of Electro Scientific Industries in a research note on Wednesday, May 10th. ValuEngine upgraded Electro Scientific Industries from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Needham & Company LLC upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Thursday, August 3rd. BidaskClub lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, August 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Electro Scientific Industries has a consensus rating of “Buy” and a consensus price target of $11.00.

Electro Scientific Industries Company 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)

What are top analysts saying about Electro Scientific Industries Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Electro Scientific Industries Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit