TIAA CREF Investment Management LLC Acquires 9,330 Shares of Electro Scientific Industries, Inc. (ESIO)

TIAA CREF Investment Management LLC lifted its position in shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 12.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,828 shares of the semiconductor company’s stock after acquiring an additional 9,330 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.25% of Electro Scientific Industries worth $699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Teachers Advisors LLC increased its position in shares of Electro Scientific Industries by 17.8% during the second quarter. Teachers Advisors LLC now owns 52,939 shares of the semiconductor company’s stock valued at $436,000 after acquiring an additional 8,008 shares in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Electro Scientific Industries during the second quarter valued at approximately $160,000. Wells Fargo & Company MN increased its position in shares of Electro Scientific Industries by 88.1% during the second quarter. Wells Fargo & Company MN now owns 249,363 shares of the semiconductor company’s stock valued at $2,056,000 after acquiring an additional 116,824 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Electro Scientific Industries by 1.9% during the second quarter. Principal Financial Group Inc. now owns 252,979 shares of the semiconductor company’s stock valued at $2,085,000 after acquiring an additional 4,662 shares in the last quarter. Finally, Tocqueville Asset Management L.P. increased its position in shares of Electro Scientific Industries by 1.1% during the second quarter. Tocqueville Asset Management L.P. now owns 419,542 shares of the semiconductor company’s stock valued at $3,457,000 after acquiring an additional 4,450 shares in the last quarter. 68.71% of the stock is owned by institutional investors.

In other Electro Scientific Industries news, CFO Paul R. Oldham sold 120,000 shares of Electro Scientific Industries stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $23.49, for a total value of $2,818,800.00. Following the completion of the sale, the chief financial officer now owns 237,665 shares of the company’s stock, valued at approximately $5,582,750.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.22% of the company’s stock.

Several equities research analysts recently weighed in on ESIO shares. BidaskClub raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Needham & Company LLC raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, August 3rd. Lake Street Capital reduced their price target on shares of Electro Scientific Industries from $10.50 to $9.00 and set a “buy” rating for the company in a research report on Thursday, August 3rd. ValuEngine raised shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Electro Scientific Industries presently has an average rating of “Buy” and an average target price of $25.25.

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

Electro Scientific Industries (NASDAQ:ESIO) last posted its earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 EPS for the quarter, topping 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 business had revenue of $70.97 million during the quarter, compared to the consensus estimate of $65.53 million. During the same quarter in the previous year, the firm posted ($0.24) EPS. The firm’s revenue was up 139.3% on a year-over-year basis. research analysts expect that Electro Scientific Industries, Inc. will post 1.14 EPS 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)

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