Alliancebernstein L.P. Takes $160,000 Position in Electro Scientific Industries, Inc. (ESIO)

Alliancebernstein L.P. bought a new position in Electro Scientific Industries, Inc. (NASDAQ:ESIO) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,400 shares of the semiconductor company’s stock, valued at approximately $160,000. Alliancebernstein L.P. owned 0.06% of Electro Scientific Industries at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its position in Electro Scientific Industries by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 200 shares during the period. Arizona State Retirement System grew its position in 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 worth $143,000 after purchasing an additional 300 shares during the period. Thrivent Financial For Lutherans grew its position in Electro Scientific Industries by 1.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 18,260 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 330 shares during the period. Texas Permanent School Fund grew its position in Electro Scientific Industries by 2.7% in the 2nd quarter. Texas Permanent School Fund now owns 24,283 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 629 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Electro Scientific Industries by 3.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 88,951 shares of the semiconductor company’s stock worth $620,000 after purchasing an additional 2,887 shares during the period. 68.71% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Alliancebernstein L.P. Takes $160,000 Position in Electro Scientific Industries, Inc. (ESIO)” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.chaffeybreeze.com/2017/11/15/alliancebernstein-l-p-takes-160000-position-in-electro-scientific-industries-inc-esio.html.

A number of equities research analysts have commented on ESIO shares. Zacks Investment Research downgraded shares of 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 price objective (up previously from $10.50) on shares of Electro Scientific Industries in a research report on Monday, September 18th. BidaskClub raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Needham & Company LLC boosted their price objective on shares of 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 shares of 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 issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $25.25.

In related news, CFO Paul R. Oldham sold 120,000 shares of Electro Scientific Industries stock in a transaction 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 owns 237,665 shares in the company, valued at approximately $5,582,750.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 6.22% of the stock is currently owned by insiders.

Shares of Electro Scientific Industries, Inc. (NASDAQ ESIO) opened at $22.90 on Wednesday. Electro Scientific Industries, Inc. has a 1 year low of $4.97 and a 1 year high of $24.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.96 and a current ratio of 2.81.

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

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.

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

Receive News & Ratings for Electro Scientific Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply