Dimensional Fund Advisors LP increased its stake in shares of Nanometrics Incorporated (NASDAQ:NANO) by 3.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,523,644 shares of the semiconductor company’s stock after purchasing an additional 45,827 shares during the period. Dimensional Fund Advisors LP owned approximately 6.38% of Nanometrics worth $40,986,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Nanometrics during the first quarter valued at approximately $115,000. Flinton Capital Management LLC increased its holdings in Nanometrics by 32.1% during the first quarter. Flinton Capital Management LLC now owns 6,018 shares of the semiconductor company’s stock valued at $162,000 after buying an additional 1,462 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Nanometrics during the fourth quarter valued at approximately $209,000. Aperio Group LLC purchased a new stake in Nanometrics during the first quarter valued at approximately $213,000. Finally, MetLife Investment Advisors LLC purchased a new stake in Nanometrics during the fourth quarter valued at approximately $318,000. 83.94% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on the stock. BidaskClub cut shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. ValuEngine raised shares of Nanometrics from a “buy” rating to a “strong-buy” rating in a report on Friday, June 1st. Stifel Nicolaus cut shares of Nanometrics from a “buy” rating to a “hold” rating and upped their target price for the company from $35.00 to $40.00 in a report on Monday, May 28th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Nanometrics from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Friday, May 4th. Finally, Benchmark reaffirmed a “buy” rating and set a $36.00 target price (up from $33.00) on shares of Nanometrics in a report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $38.00.
In other Nanometrics news, SVP Rollin Kocher sold 823 shares of the company’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $39.71, for a total value of $32,681.33. Following the completion of the transaction, the senior vice president now directly owns 39,068 shares in the company, valued at $1,551,390.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bruce C. Rhine sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $35.12, for a total transaction of $1,756,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,781 shares of company stock valued at $4,107,683. Company insiders own 6.90% of the company’s stock.
Shares of NANO stock opened at $35.41 on Monday. The company has a market cap of $845.98 million, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 1.30 and a beta of 1.72. Nanometrics Incorporated has a 12 month low of $22.08 and a 12 month high of $44.17.
Nanometrics (NASDAQ:NANO) last posted its quarterly earnings results on Tuesday, May 1st. The semiconductor company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.23. The business had revenue of $82.30 million during the quarter, compared to analyst estimates of $72.33 million. Nanometrics had a net margin of 14.64% and a return on equity of 16.38%. The company’s revenue was up 38.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. equities research analysts predict that Nanometrics Incorporated will post 2.26 EPS for the current year.
Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.
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