Connor Clark & Lunn Investment Management Ltd. Has $3.50 Million Position in Electro Scientific Industries, Inc. (ESIO)

Connor Clark & Lunn Investment Management Ltd. decreased its position in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 38.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,684 shares of the semiconductor company’s stock after selling 124,622 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Electro Scientific Industries were worth $3,502,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ESIO. Itau Unibanco Holding S.A. bought a new position in Electro Scientific Industries in the 2nd quarter worth about $109,000. Fortis Advisors LLC bought a new position in Electro Scientific Industries in the 2nd quarter worth about $123,000. Piedmont Investment Advisors LLC bought a new position in Electro Scientific Industries in the 2nd quarter worth about $126,000. Point72 Asset Management L.P. bought a new position in Electro Scientific Industries in the 2nd quarter worth about $148,000. Finally, O Shaughnessy Asset Management LLC bought a new position in Electro Scientific Industries in the 3rd quarter worth about $167,000. Institutional investors own 93.28% of the company’s stock.

Shares of NASDAQ:ESIO opened at $29.55 on Tuesday. Electro Scientific Industries, Inc. has a fifty-two week low of $13.92 and a fifty-two week high of $29.62. The company has a quick ratio of 4.16, a current ratio of 5.67 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.22 and a beta of 0.06.

Electro Scientific Industries (NASDAQ:ESIO) last issued its earnings results on Tuesday, October 30th. The semiconductor company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. Electro Scientific Industries had a return on equity of 45.60% and a net margin of 37.32%. The business had revenue of $85.92 million during the quarter, compared to analyst estimates of $84.35 million. During the same quarter in the previous year, the firm earned $0.39 EPS. Electro Scientific Industries’s revenue was up 21.1% on a year-over-year basis. Sell-side analysts forecast that Electro Scientific Industries, Inc. will post 2.01 earnings per share for the current year.

A number of equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. BidaskClub raised Electro Scientific Industries from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. DA Davidson lowered Electro Scientific Industries from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Wednesday, October 31st. Needham & Company LLC lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Finally, Lake Street Capital lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.60.

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Electro Scientific Industries Company Profile

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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