Panagora Asset Management Inc. cut its stake in Nanometrics Incorporated (NASDAQ:NANO) by 1.0% in the third quarter, Holdings Channel reports. The fund owned 186,038 shares of the semiconductor company’s stock after selling 1,974 shares during the period. Panagora Asset Management Inc.’s holdings in Nanometrics were worth $6,980,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of NANO. O Shaughnessy Asset Management LLC acquired a new position in Nanometrics during the third quarter valued at approximately $128,000. Sei Investments Co. grew its holdings in Nanometrics by 12,967.9% during the second quarter. Sei Investments Co. now owns 3,659 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 3,631 shares during the period. Advisors Preferred LLC acquired a new position in Nanometrics during the second quarter valued at approximately $167,000. Piedmont Investment Advisors LLC acquired a new position in Nanometrics during the second quarter valued at approximately $196,000. Finally, Pinebridge Investments L.P. acquired a new position in Nanometrics during the second quarter valued at approximately $198,000. 82.55% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on NANO. ValuEngine cut shares of Nanometrics from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. BidaskClub cut shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Benchmark reiterated a “buy” rating and issued a $43.00 price target on shares of Nanometrics in a report on Friday, October 5th. Zacks Investment Research cut shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Finally, Stifel Nicolaus upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $34.00.
In related news, CEO Pierre-Yves Lesaicherre sold 6,856 shares of the stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $31.31, for a total transaction of $214,661.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Greg Swyt sold 948 shares of the company’s stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $30.87, for a total transaction of $29,264.76. Following the sale, the vice president now directly owns 9,884 shares in the company, valued at $305,119.08. The disclosure for this sale can be found here. Insiders have sold 9,598 shares of company stock valued at $299,630 in the last 90 days. 6.90% of the stock is currently owned by corporate insiders.
Shares of NANO opened at $30.88 on Thursday. Nanometrics Incorporated has a 12 month low of $22.08 and a 12 month high of $48.26. The firm has a market cap of $747.78 million, a P/E ratio of 25.11, a price-to-earnings-growth ratio of 1.15 and a beta of 1.80.
Nanometrics (NASDAQ:NANO) last announced its earnings results on Tuesday, October 30th. The semiconductor company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Nanometrics had a net margin of 17.32% and a return on equity of 21.49%. The business had revenue of $76.60 million during the quarter, compared to analysts’ expectations of $74.43 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The firm’s revenue was up 35.1% on a year-over-year basis. Analysts forecast that Nanometrics Incorporated will post 2.24 EPS for the current fiscal year.
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Nanometrics Company Profile
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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