Citigroup Inc. Has $340,000 Holdings in Electro Scientific Industries, Inc. (ESIO)

Citigroup Inc. raised its stake in Electro Scientific Industries, Inc. (NASDAQ:ESIO) by 43.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,217 shares of the semiconductor company’s stock after buying an additional 12,472 shares during the period. Citigroup Inc. owned about 0.12% of Electro Scientific Industries worth $340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its stake in shares of 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 valued at $111,000 after purchasing an additional 200 shares during the period. Arizona State Retirement System lifted its stake in shares of 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 valued at $143,000 after purchasing an additional 300 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of 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 valued at $127,000 after purchasing an additional 330 shares during the period. Texas Permanent School Fund lifted its stake in shares of 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 valued at $200,000 after purchasing an additional 629 shares during the period. Finally, Comerica Bank lifted its stake in shares of Electro Scientific Industries by 4.9% in the 1st quarter. Comerica Bank now owns 35,815 shares of the semiconductor company’s stock valued at $256,000 after purchasing an additional 1,662 shares during the period. Hedge funds and other institutional investors own 73.16% of the company’s stock.

ESIO has been the topic of a number of recent analyst reports. BidaskClub raised Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Needham & Company LLC raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Thursday, August 3rd. Lake Street Capital dropped their price objective on Electro Scientific Industries from $10.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. ValuEngine raised Electro Scientific Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Electro Scientific Industries has an average rating of “Buy” and an average price target of $12.83.

Electro Scientific Industries, Inc. (ESIO) opened at 14.94 on Tuesday. The firm’s market capitalization is $495.05 million. Electro Scientific Industries, Inc. has a 52 week low of $4.50 and a 52 week high of $15.13. The stock has a 50 day moving average price of $13.39 and a 200-day moving average price of $9.61.

Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.20. Electro Scientific Industries had a net margin of 3.99% and a return on equity of 7.95%. The business had revenue of $72.70 million during the quarter, compared to analyst estimates of $61.10 million. During the same period last year, the business posted $0.09 earnings per share. Electro Scientific Industries’s quarterly revenue was up 52.4% compared to the same quarter last year. Analysts anticipate that Electro Scientific Industries, Inc. will post $0.73 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Citigroup Inc. Has $340,000 Holdings in Electro Scientific Industries, Inc. (ESIO)”

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its stake in shares of 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 valued at $111,000 after purchasing an additional 200 shares during the period. Arizona State Retirement System lifted its stake in shares of 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 valued at $143,000 after purchasing an additional 300 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of 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 valued at $127,000 after purchasing an additional 330 shares during the period. Texas Permanent School Fund lifted its stake in shares of 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 valued at $200,000 after purchasing an additional 629 shares during the period. Finally, Comerica Bank lifted its stake in shares of Electro Scientific Industries by 4.9% in the 1st quarter. Comerica Bank now owns 35,815 shares of the semiconductor company’s stock valued at $256,000 after purchasing an additional 1,662 shares during the period. Hedge funds and other institutional investors own 73.16% of the company’s stock.

ESIO has been the topic of a number of recent analyst reports. BidaskClub raised Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Needham & Company LLC raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Thursday, August 3rd. Lake Street Capital dropped their price objective on Electro Scientific Industries from $10.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. ValuEngine raised Electro Scientific Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Electro Scientific Industries has an average rating of “Buy” and an average price target of $12.83.

Electro Scientific Industries, Inc. (ESIO) opened at 14.94 on Tuesday. The firm’s market capitalization is $495.05 million. Electro Scientific Industries, Inc. has a 52 week low of $4.50 and a 52 week high of $15.13. The stock has a 50 day moving average price of $13.39 and a 200-day moving average price of $9.61.

Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.20. Electro Scientific Industries had a net margin of 3.99% and a return on equity of 7.95%. The business had revenue of $72.70 million during the quarter, compared to analyst estimates of $61.10 million. During the same period last year, the business posted $0.09 earnings per share. Electro Scientific Industries’s quarterly revenue was up 52.4% compared to the same quarter last year. Analysts anticipate that Electro Scientific Industries, Inc. will post $0.73 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Citigroup Inc. Has $340,000 Holdings in Electro Scientific Industries, Inc. (ESIO)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://ledgergazette.com/2017/10/17/citigroup-inc-has-340000-holdings-in-electro-scientific-industries-inc-esio.html.

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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