Emerald Acquisition Ltd. purchased a new position in Nanometrics Inc. (NASDAQ:NANO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 61,143 shares of the company’s stock, valued at approximately $1,271,000. Emerald Acquisition Ltd. owned about 0.25% of Nanometrics as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of Nanometrics by 118.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,599 shares of the company’s stock worth $158,000 after buying an additional 4,124 shares during the period. Arizona State Retirement System increased its position in shares of Nanometrics by 4.2% in the first quarter. Arizona State Retirement System now owns 12,364 shares of the company’s stock valued at $196,000 after buying an additional 500 shares during the last quarter. Springbank Value Partners LP increased its position in shares of Nanometrics by 141.9% in the first quarter. Springbank Value Partners LP now owns 14,516 shares of the company’s stock valued at $230,000 after buying an additional 8,516 shares during the last quarter. KBC Group NV bought a new position in shares of Nanometrics during the second quarter valued at approximately $267,000. Finally, Value Holdings LP increased its position in shares of Nanometrics by 190.2% in the first quarter. Value Holdings LP now owns 34,825 shares of the company’s stock valued at $552,000 after buying an additional 22,825 shares during the last quarter. 82.25% of the stock is owned by institutional investors.
Nanometrics Inc. (NASDAQ:NANO) traded down 2.02% during trading on Friday, hitting $22.29. 138,543 shares of the stock traded hands. Nanometrics Inc. has a 12 month low of $12.49 and a 12 month high of $23.61. The company has a 50-day moving average price of $21.28 and a 200-day moving average price of $19.11. The stock has a market cap of $552.61 million, a PE ratio of 64.99 and a beta of 1.46.
Nanometrics (NASDAQ:NANO) last posted its earnings results on Tuesday, July 26th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.01. The business earned $55.80 million during the quarter, compared to analysts’ expectations of $55.30 million. Nanometrics had a return on equity of 6.06% and a net margin of 4.44%. Nanometrics’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 EPS. Equities research analysts expect that Nanometrics Inc. will post $0.99 EPS for the current year.
Several equities analysts recently commented on NANO shares. Zacks Investment Research downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Stifel Nicolaus increased their price objective on shares of Nanometrics from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, June 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.80.
In related news, CFO Jeff Andreson sold 5,010 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $22.50, for a total transaction of $112,725.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stanislaw M. Borowicz sold 1,630 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $21.98, for a total transaction of $35,827.40. Following the transaction, the vice president now directly owns 44,433 shares of the company’s stock, valued at approximately $976,637.34. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by insiders.
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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