Rice Hall James & Associates LLC reduced its stake in Nanometrics Inc. (NASDAQ:NANO) by 2.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 119,051 shares of the company’s stock after selling 2,858 shares during the period. Rice Hall James & Associates LLC’s holdings in Nanometrics were worth $2,475,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of NANO. Eagle Asset Management Inc. boosted its position in Nanometrics by 49.7% in the second quarter. Eagle Asset Management Inc. now owns 43,053 shares of the company’s stock valued at $895,000 after buying an additional 14,292 shares during the period. BNP Paribas Arbitrage SA boosted 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 period. Voce Capital Management LLC bought a new position in Nanometrics during the first quarter valued at $2,750,000. Arizona State Retirement System boosted its position in 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 period. Finally, Geode Capital Management LLC boosted its position in Nanometrics by 8.1% in the first quarter. Geode Capital Management LLC now owns 165,494 shares of the company’s stock valued at $2,621,000 after buying an additional 12,399 shares during the period. Institutional investors own 82.25% of the company’s stock.
Shares of Nanometrics Inc. (NASDAQ:NANO) traded down 2.37% on Friday, reaching $22.21. 186,222 shares of the company’s stock were exchanged. Nanometrics Inc. has a one year low of $12.49 and a one year high of $23.61. The company has a 50 day moving average price of $21.33 and a 200 day moving average price of $19.17. The firm has a market cap of $550.63 million, a PE ratio of 64.75 and a beta of 1.46.
Nanometrics (NASDAQ:NANO) last announced its earnings results on Tuesday, July 26th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.01. The firm 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%. During the same period in the previous year, the business posted $0.08 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts expect that Nanometrics Inc. will post $0.99 EPS for the current fiscal year.
Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Nanometrics from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Stifel Nicolaus increased their price target on shares of Nanometrics from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, June 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $20.80.
In related news, VP Stanislaw M. Borowicz sold 1,630 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $21.98, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bruce C. Rhine sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $22.08, for a total value of $220,800.00. Following the completion of the transaction, the director now directly owns 794,108 shares in the company, valued at $17,533,904.64. The disclosure for this sale can be found here. Insiders own 5.80% of the company’s stock.
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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