Wall Street Associates decreased its stake in Nanometrics Incorporated (NASDAQ:NANO) by 86.7% during the fourth quarter, Holdings Channel reports. The fund owned 10,900 shares of the company’s stock after selling 71,000 shares during the period. Wall Street Associates’ holdings in Nanometrics were worth $273,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its position in Nanometrics by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,410 shares of the company’s stock valued at $121,000 after buying an additional 90 shares during the last quarter. Strs Ohio purchased a new position in Nanometrics during the third quarter valued at $147,000. BNP Paribas Arbitrage SA increased its position in Nanometrics by 118.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,599 shares of the company’s stock valued at $158,000 after buying an additional 4,124 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in Nanometrics during the third quarter valued at $182,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Nanometrics during the third quarter valued at $206,000. Institutional investors own 83.12% of the company’s stock.
Shares of Nanometrics Incorporated (NASDAQ:NANO) traded up 0.35% on Wednesday, reaching $25.83. The company’s stock had a trading volume of 78,740 shares. The company’s 50-day moving average is $25.09 and its 200 day moving average is $22.33. The company has a market capitalization of $643.58 million, a price-to-earnings ratio of 40.68 and a beta of 1.50. Nanometrics Incorporated has a 12-month low of $12.50 and a 12-month high of $27.05.
Nanometrics (NASDAQ:NANO) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Nanometrics had a return on equity of 9.34% and a net margin of 7.61%. The firm earned $58.71 million during the quarter, compared to analysts’ expectations of $57.53 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. The company’s revenue was up 28.5% on a year-over-year basis. Equities analysts anticipate that Nanometrics Incorporated will post $1.02 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Nanometrics from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Wednesday, January 4th. Stifel Nicolaus downgraded Nanometrics from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. Finally, DA Davidson increased their price target on Nanometrics to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, December 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $26.75.
In other news, SVP Rollin Kocher sold 1,562 shares of the business’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $25.79, for a total value of $40,283.98. Following the completion of the transaction, the senior vice president now owns 23,479 shares in the company, valued at $605,523.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stanislaw M. Borowicz sold 8,327 shares of the business’s stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $26.50, for a total value of $220,665.50. Following the completion of the transaction, the executive vice president now owns 30,292 shares of the company’s stock, valued at approximately $802,738. The disclosure for this sale can be found here. Insiders sold 92,736 shares of company stock valued at $2,319,356 in the last 90 days. Company insiders own 5.80% of the company’s stock.
Nanometrics Company Profile
Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The Company operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems.
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