Public Sector Pension Investment Board Continues to Hold Stake in Electro Scientific Industries, Inc. (ESIO)

Public Sector Pension Investment Board continued to hold its position in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,485 shares of the semiconductor company’s stock at the end of the fourth quarter. Public Sector Pension Investment Board owned about 0.06% of Electro Scientific Industries worth $115,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ESIO. Hartford Investment Management Co. purchased a new position in Electro Scientific Industries during the third quarter worth $100,000. Texas Permanent School Fund increased its stake in Electro Scientific Industries by 13.2% in the third quarter. Texas Permanent School Fund now owns 23,975 shares of the semiconductor company’s stock worth $135,000 after buying an additional 2,792 shares during the period. Great West Life Assurance Co. Can increased its stake in Electro Scientific Industries by 13.0% in the third quarter. Great West Life Assurance Co. Can now owns 38,920 shares of the semiconductor company’s stock worth $219,000 after buying an additional 4,486 shares during the period. Comerica Bank increased its stake in Electro Scientific Industries by 8.4% in the fourth quarter. Comerica Bank now owns 34,153 shares of the semiconductor company’s stock worth $220,000 after buying an additional 2,660 shares during the period. Finally, Alambic Investment Management L.P. increased its stake in Electro Scientific Industries by 266.1% in the third quarter. Alambic Investment Management L.P. now owns 41,000 shares of the semiconductor company’s stock worth $231,000 after buying an additional 29,800 shares during the period. Institutional investors and hedge funds own 70.23% of the company’s stock.

Shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) traded down 1.83% on Friday, reaching $6.43. 106,771 shares of the company traded hands. The firm has a 50-day moving average of $6.57 and a 200-day moving average of $6.06. Electro Scientific Industries, Inc. has a 52-week low of $4.50 and a 52-week high of $7.33. The company’s market capitalization is $210.07 million.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings results on Wednesday, February 1st. The semiconductor company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. The firm had revenue of $33.78 million for the quarter, compared to the consensus estimate of $30 million. Electro Scientific Industries had a negative return on equity of 9.75% and a negative net margin of 10.78%. The business’s revenue was down 21.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share. On average, equities research analysts forecast that Electro Scientific Industries, Inc. will post ($0.44) earnings per share for the current fiscal year.

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A number of equities research analysts have commented on ESIO shares. Lake Street Capital began coverage on Electro Scientific Industries in a report on Monday, February 27th. They issued a “buy” rating and a $7.50 target price for the company. TheStreet raised Electro Scientific Industries from a “d+” rating to a “c-” rating in a research note on Friday, February 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Electro Scientific Industries in a research note on Monday, February 13th. Finally, Zacks Investment Research raised Electro Scientific Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, January 3rd.

Electro Scientific Industries Company 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.