Balter Liquid Alternatives LLC bought a new position in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) in the 4th quarter, HoldingsChannel.com reports. The fund bought 20,089 shares of the semiconductor company’s stock, valued at approximately $431,000.

A number of other hedge funds have also bought and sold shares of the business. California State Teachers Retirement System increased its stake in Electro Scientific Industries by 0.9% during the second quarter. California State Teachers Retirement System now owns 55,864 shares of the semiconductor company’s stock worth $460,000 after acquiring an additional 500 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Electro Scientific Industries by 9.6% in the second quarter. Thrivent Financial For Lutherans now owns 20,020 shares of the semiconductor company’s stock valued at $165,000 after buying an additional 1,760 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of Electro Scientific Industries by 3.4% in the third quarter. GSA Capital Partners LLP now owns 93,400 shares of the semiconductor company’s stock valued at $1,300,000 after buying an additional 3,100 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Electro Scientific Industries by 6.5% in the third quarter. Russell Investments Group Ltd. now owns 52,964 shares of the semiconductor company’s stock valued at $737,000 after buying an additional 3,225 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Electro Scientific Industries by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,480 shares of the semiconductor company’s stock valued at $174,000 after buying an additional 4,620 shares in the last quarter. 74.84% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Electro Scientific Industries from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Monday, January 22nd. TheStreet raised Electro Scientific Industries from a “c” rating to a “b-” rating in a research note on Friday, January 19th. Lake Street Capital lifted their price objective on Electro Scientific Industries from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Needham & Company LLC lifted their price objective on Electro Scientific Industries from $27.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Electro Scientific Industries in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $31.00.

In related news, CFO Paul R. Oldham sold 60,000 shares of Electro Scientific Industries stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $24.08, for a total value of $1,444,800.00. Following the completion of the transaction, the chief financial officer now directly owns 287,665 shares in the company, valued at $6,926,973.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.22% of the company’s stock.

Shares of Electro Scientific Industries, Inc. (NASDAQ ESIO) opened at $17.36 on Monday. Electro Scientific Industries, Inc. has a one year low of $6.17 and a one year high of $27.72. The company has a quick ratio of 2.04, a current ratio of 2.86 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $582.46, a price-to-earnings ratio of 28.93, a PEG ratio of 0.73 and a beta of 0.76.

Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.16. The business had revenue of $110.80 million during the quarter, compared to analysts’ expectations of $107.00 million. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. The company’s revenue was up 227.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.23) earnings per share. sell-side analysts predict that Electro Scientific Industries, Inc. will post 1.99 EPS for the current fiscal 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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