Vanguard Group Inc. boosted its position in Nanometrics Incorporated (NASDAQ:NANO) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,316,237 shares of the semiconductor company’s stock after purchasing an additional 37,840 shares during the period. Vanguard Group Inc. owned approximately 5.20% of Nanometrics worth $33,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in NANO. American Century Companies Inc. increased its position in shares of Nanometrics by 3.7% during the second quarter. American Century Companies Inc. now owns 164,416 shares of the semiconductor company’s stock worth $4,158,000 after acquiring an additional 5,832 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Nanometrics by 13.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,213,933 shares of the semiconductor company’s stock worth $36,976,000 after acquiring an additional 142,005 shares during the period. Summit Global Investments purchased a new position in shares of Nanometrics during the second quarter worth approximately $531,000. State of Wisconsin Investment Board increased its position in shares of Nanometrics by 2.2% during the second quarter. State of Wisconsin Investment Board now owns 230,000 shares of the semiconductor company’s stock worth $5,817,000 after acquiring an additional 5,000 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Nanometrics by 2.1% during the first quarter. Prudential Financial Inc. now owns 46,591 shares of the semiconductor company’s stock worth $1,419,000 after acquiring an additional 950 shares during the period. 81.53% of the stock is owned by institutional investors and hedge funds.
Nanometrics Incorporated (NASDAQ:NANO) opened at $26.64 on Friday. The company has a market cap of $692.34, a P/E ratio of 26.01, a PEG ratio of 1.94 and a beta of 1.81. Nanometrics Incorporated has a 1 year low of $21.60 and a 1 year high of $32.42.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $56.70 million for the quarter, compared to analyst estimates of $56.53 million. Nanometrics had a net margin of 19.23% and a return on equity of 10.26%. Nanometrics’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. analysts predict that Nanometrics Incorporated will post 1.16 EPS for the current fiscal year.
In related news, General Counsel Janet Therese Taylor sold 2,505 shares of Nanometrics stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $25.65, for a total transaction of $64,253.25. Following the transaction, the general counsel now directly owns 35,833 shares of the company’s stock, valued at $919,116.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $26.17, for a total transaction of $523,400.00. Following the transaction, the chief executive officer now directly owns 300,651 shares in the company, valued at $7,868,036.67. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,738 shares of company stock worth $1,346,740. 6.70% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Benchmark Co. reaffirmed a “buy” rating and set a $34.00 target price on shares of Nanometrics in a research report on Friday, October 13th. Finally, BidaskClub lowered shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $31.67.
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Nanometrics Incorporated is a provider of process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, including sensors, optoelectronic devices, high-brightness (HB) light emitting diodes (LEDs), discretes and data storages components.
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