Electro Scientific Industries Inc (NASDAQ:ESIO): Institutional Investors Aren’t Crazy About It

July 27, 2018 - By Margaret Guttierez

Electro Scientific Industries, Inc. (NASDAQ:ESIO) Logo

Sentiment for Electro Scientific Industries Inc (NASDAQ:ESIO)

Electro Scientific Industries Inc (NASDAQ:ESIO) institutional sentiment decreased to 1.26 in Q1 2018. Its down -0.41, from 1.67 in 2017Q4. The ratio has dropped, as 88 active investment managers increased or started new equity positions, while 70 decreased and sold their equity positions in Electro Scientific Industries Inc. The active investment managers in our partner’s database now hold: 26.64 million shares, up from 26.38 million shares in 2017Q4. Also, the number of active investment managers holding Electro Scientific Industries Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 22 Reduced: 48 Increased: 47 New Position: 41.

Electro Scientific Industries, Inc., together with its subsidiaries, supplies laser microfabrication solutions for the microtechnology industry worldwide. The company has market cap of $590.01 million. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems. It has a 5.29 P/E ratio. It also offers semiconductor manufacturing products comprising wafer marking equipment for use in serialization and wafer identification; wafer and circuit trim tools that adjust the electrical performance of semiconductor devices or hybrid circuits; and liquid crystal display repair tools; and laser LCD repair systems to enhance the manufacture of flat panel displays.

The stock increased 0.82% or $0.14 during the last trading session, reaching $17.3. About 332,900 shares traded. Electro Scientific Industries, Inc. (NASDAQ:ESIO) has risen 144.84% since July 27, 2017 and is uptrending. It has outperformed by 132.27% the S&P500.

Analysts await Electro Scientific Industries, Inc. (NASDAQ:ESIO) to report earnings on August, 1 after the close. They expect $0.82 EPS, up 925.00 % or $0.74 from last year’s $0.08 per share. ESIO’s profit will be $27.97M for 5.27 P/E if the $0.82 EPS becomes a reality. After $0.99 actual EPS reported by Electro Scientific Industries, Inc. for the previous quarter, Wall Street now forecasts -17.17 % negative EPS growth.

Penbrook Management Llc holds 3.14% of its portfolio in Electro Scientific Industries, Inc. for 162,720 shares. Piermont Capital Management Inc. owns 136,150 shares or 0.88% of their US portfolio. Moreover, Hood River Capital Management Llc has 0.76% invested in the company for 701,693 shares. The New York-based G2 Investment Partners Management Llc has invested 0.52% in the stock. Ativo Capital Management Llc, a Illinois-based fund reported 56,016 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $90,274 activity.

Electro Scientific Industries, Inc. (NASDAQ:ESIO) Ratings Coverage

Ratings analysis reveals 100% of Electro Scientific Indus’s analysts are positive. Out of 2 Wall Street analysts rating Electro Scientific Indus, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $30.0 while the high is $37. The stock’s average target of $33.50 is 93.64% above today’s ($17.3) share price. ESIO was included in 3 notes of analysts from March 15, 2018. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, May 9. As per Thursday, March 22, the company rating was maintained by Lake Street.

More important recent Electro Scientific Industries, Inc. (NASDAQ:ESIO) news were published by: Streetinsider.com which released: “Electro Scientific Industries (ESIO) PT Lowered to $30 at Needham & Company; Short-Term PCB Flex Headwind” on June 28, 2018, also Benzinga.com published article titled: “32 Stocks Moving In Thursday’s Pre-Market Session”, Seekingalpha.com published: “Electro Scientific Industries, Inc. Is A Great Long-Term Buy” on July 06, 2018. More interesting news about Electro Scientific Industries, Inc. (NASDAQ:ESIO) was released by: Globenewswire.com and their article: “ESI To Release First Quarter 2019 Results on August 1” with publication date: July 12, 2018.

Electro Scientific Industries, Inc. (NASDAQ:ESIO) Institutional Positions Chart

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