Renaissance Technologies LLC Purchases 4,300 Shares of Nanometrics Incorporated (NANO)

Renaissance Technologies LLC raised its position in Nanometrics Incorporated (NASDAQ:NANO) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 987,400 shares of the semiconductor company’s stock after acquiring an additional 4,300 shares during the quarter. Renaissance Technologies LLC owned approximately 3.86% of Nanometrics worth $24,606,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in Nanometrics by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 18,968 shares of the semiconductor company’s stock valued at $480,000 after acquiring an additional 585 shares during the period. Bank of Montreal Can lifted its holdings in Nanometrics by 6.1% in the fourth quarter. Bank of Montreal Can now owns 49,043 shares of the semiconductor company’s stock valued at $1,222,000 after acquiring an additional 2,802 shares during the period. First Trust Advisors LP lifted its holdings in Nanometrics by 14.3% in the fourth quarter. First Trust Advisors LP now owns 23,019 shares of the semiconductor company’s stock valued at $574,000 after acquiring an additional 2,879 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in Nanometrics by 40.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,330 shares of the semiconductor company’s stock valued at $355,000 after acquiring an additional 3,540 shares during the period. Finally, Peregrine Capital Management LLC lifted its holdings in Nanometrics by 0.7% in the fourth quarter. Peregrine Capital Management LLC now owns 572,684 shares of the semiconductor company’s stock valued at $14,271,000 after acquiring an additional 3,702 shares during the period. 85.73% of the stock is currently owned by institutional investors.

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Shares of NANO stock opened at $27.97 on Friday. The company has a market capitalization of $705.00, a PE ratio of 23.93, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. Nanometrics Incorporated has a 1 year low of $22.08 and a 1 year high of $32.42.

Nanometrics (NASDAQ:NANO) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The business had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $76.95 million. Nanometrics had a return on equity of 12.05% and a net margin of 11.68%. The business’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 earnings per share. analysts forecast that Nanometrics Incorporated will post 1.66 earnings per share for the current fiscal year.

In other Nanometrics news, SVP Rollin Kocher sold 4,528 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $30.00, for a total value of $135,840.00. Following the completion of the sale, the senior vice president now owns 41,387 shares in the company, valued at $1,241,610. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bruce C. Rhine sold 3,333 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $26.76, for a total value of $89,191.08. Following the completion of the sale, the director now owns 738,494 shares of the company’s stock, valued at approximately $19,762,099.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,616 shares of company stock valued at $2,346,883. Company insiders own 6.70% of the company’s stock.

NANO has been the topic of a number of recent research reports. BidaskClub downgraded Nanometrics from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Benchmark restated a “buy” rating and issued a $33.00 price target (down previously from $34.00) on shares of Nanometrics in a research report on Wednesday, February 7th. Finally, Zacks Investment Research upgraded Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th.

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Nanometrics Profile

Nanometrics Incorporated is a provider of process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, including sensors, optoelectronic devices, high-brightness (HB) light emitting diodes (LEDs), discretes and data storages components.

Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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