Goldman Sachs Group Inc. Grows Holdings in Electro Scientific Industries, Inc. (ESIO)

Goldman Sachs Group Inc. grew its position in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 26.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,478 shares of the semiconductor company’s stock after acquiring an additional 11,660 shares during the quarter. Goldman Sachs Group Inc. owned 0.17% of Electro Scientific Industries worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in ESIO. Vanguard Group Inc. increased its stake in Electro Scientific Industries by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 1,615,464 shares of the semiconductor company’s stock worth $11,260,000 after acquiring an additional 172,926 shares during the last quarter. Wells Fargo & Company MN increased its stake in Electro Scientific Industries by 88.1% in the 2nd quarter. Wells Fargo & Company MN now owns 249,363 shares of the semiconductor company’s stock worth $2,056,000 after acquiring an additional 116,824 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Electro Scientific Industries by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,513,438 shares of the semiconductor company’s stock worth $17,518,000 after acquiring an additional 91,565 shares during the last quarter. EAM Investors LLC bought a new stake in Electro Scientific Industries in the 2nd quarter worth approximately $594,000. Finally, Foundry Partners LLC increased its stake in Electro Scientific Industries by 23.7% in the 2nd quarter. Foundry Partners LLC now owns 313,795 shares of the semiconductor company’s stock worth $2,586,000 after acquiring an additional 60,150 shares during the last quarter. 68.71% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on ESIO shares. Zacks Investment Research downgraded Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Lake Street Capital reissued a “buy” rating and set a $14.50 target price (up previously from $10.50) on shares of Electro Scientific Industries in a research report on Monday, September 18th. BidaskClub raised Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Needham & Company LLC boosted their target price on Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, ValuEngine raised Electro Scientific Industries from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Electro Scientific Industries presently has an average rating of “Buy” and an average price target of $25.25.

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Electro Scientific Industries, Inc. (ESIO) opened at $22.82 on Tuesday. Electro Scientific Industries, Inc. has a 1-year low of $4.97 and a 1-year high of $24.15. 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 (NASDAQ:ESIO) last posted its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.12. Electro Scientific Industries had a negative return on equity of 13.50% and a negative net margin of 9.00%. The company had revenue of $70.97 million during the quarter, compared to analysts’ expectations of $65.53 million. During the same quarter in the previous year, the business earned ($0.24) EPS. Electro Scientific Industries’s revenue was up 139.3% compared to the same quarter last year. sell-side analysts anticipate that Electro Scientific Industries, Inc. will post 1.14 earnings per share for the current fiscal year.

In related news, CFO Paul R. Oldham sold 120,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $23.49, for a total transaction of $2,818,800.00. Following the completion of the transaction, the chief financial officer now owns 237,665 shares in the company, valued at approximately $5,582,750.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.22% of the stock is owned by insiders.

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.

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

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