Great West Life Assurance Co. Can Sells 5,305 Shares of Electro Scientific Industries, Inc. (ESIO)

Great West Life Assurance Co. Can trimmed its holdings in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 11.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,315 shares of the semiconductor company’s stock after selling 5,305 shares during the period. Great West Life Assurance Co. Can owned about 0.12% of Electro Scientific Industries worth $575,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Virtu KCG Holdings LLC bought a new stake in shares of Electro Scientific Industries in the 2nd quarter valued at about $138,000. Arizona State Retirement System raised its holdings in shares of Electro Scientific Industries by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 17,365 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 300 shares during the period. Alliancebernstein L.P. bought a new stake in shares of Electro Scientific Industries in the 2nd quarter valued at about $160,000. PDT Partners LLC raised its holdings in Electro Scientific Industries by 2.2% in the 2nd quarter. PDT Partners LLC now owns 19,631 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 431 shares during the period. Finally, Thrivent Financial For Lutherans raised its holdings in Electro Scientific Industries by 9.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 20,020 shares of the semiconductor company’s stock valued at $165,000 after acquiring an additional 1,760 shares during the period. Institutional investors own 75.30% of the company’s stock.

In other news, CFO Paul R. Oldham sold 120,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $23.49, for a total transaction of $2,818,800.00. Following the transaction, the chief financial officer now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul R. Oldham sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $24.08, for a total transaction of $1,444,800.00. Following the transaction, the chief financial officer now directly owns 287,665 shares in the company, valued at $6,926,973.20. The disclosure for this sale can be found here. 6.22% of the stock is currently owned by company insiders.

ESIO has been the topic of several research analyst reports. Zacks Investment Research cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Lake Street Capital reissued a “buy” rating and issued a $14.50 price target (up from $10.50) on shares of Electro Scientific Industries in a report on Monday, September 18th. Needham & Company LLC increased their price target on shares of Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. BidaskClub cut shares of Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Finally, DA Davidson reissued a “buy” rating and issued a $25.00 price target on shares of Electro Scientific Industries in a report on Thursday, November 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Electro Scientific Industries currently has an average rating of “Buy” and an average target price of $26.00.

Electro Scientific Industries, Inc. (ESIO) opened at $21.68 on Monday. The firm has a market cap of $703.16, a PE ratio of -34.41, a price-to-earnings-growth ratio of 1.62 and a beta of 0.74. 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, Inc. has a fifty-two week low of $5.75 and a fifty-two week high of $27.72.

Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.12. The firm had revenue of $70.97 million for the quarter, compared to analysts’ expectations of $65.53 million. Electro Scientific Industries had a negative net margin of 9.00% and a negative return on equity of 13.50%. The business’s revenue was up 139.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.24) EPS. equities research analysts anticipate that Electro Scientific Industries, Inc. will post 1.14 earnings per share for the current year.

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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.

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

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