Zacks Investment Management Purchases New Stake in Nanometrics Incorporated (NANO)

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Zacks Investment Management purchased a new position in shares of Nanometrics Incorporated (NASDAQ:NANO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,516 shares of the semiconductor company’s stock, valued at approximately $1,293,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Nanometrics by 13.8% during the second quarter. BlackRock Inc. now owns 3,575,112 shares of the semiconductor company’s stock worth $126,595,000 after buying an additional 432,200 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Nanometrics by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,537,671 shares of the semiconductor company’s stock worth $54,450,000 after buying an additional 14,027 shares in the last quarter. Renaissance Technologies LLC increased its position in Nanometrics by 2.1% during the second quarter. Renaissance Technologies LLC now owns 944,910 shares of the semiconductor company’s stock worth $33,459,000 after buying an additional 19,610 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Nanometrics by 3.4% in the first quarter. Franklin Resources Inc. now owns 923,437 shares of the semiconductor company’s stock valued at $24,840,000 after purchasing an additional 30,327 shares during the period. Finally, Fisher Asset Management LLC purchased a new stake in shares of Nanometrics in the second quarter valued at $22,344,000. 85.13% of the stock is owned by institutional investors.

In related news, SVP Kevin Heidrich sold 9,356 shares of Nanometrics stock in a transaction on Monday, August 13th. The stock was sold at an average price of $43.00, for a total value of $402,308.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Rollin Kocher sold 720 shares of Nanometrics stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $35.32, for a total value of $25,430.40. The disclosure for this sale can be found here. Insiders sold 66,783 shares of company stock worth $2,814,864 in the last quarter. 6.90% of the stock is owned by insiders.

NANO has been the subject of a number of recent analyst reports. BidaskClub raised Nanometrics from a “hold” rating to a “buy” rating in a research report on Saturday, May 19th. DA Davidson lifted their price objective on Nanometrics to $42.00 and gave the company a “buy” rating in a research report on Monday, July 2nd. Benchmark lifted their price objective on Nanometrics to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Stifel Nicolaus downgraded Nanometrics from a “buy” rating to a “hold” rating and lifted their price objective for the company from $35.00 to $40.00 in a research report on Monday, May 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Nanometrics from a “buy” rating to a “hold” rating in a research report on Thursday, July 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $35.50.

Shares of NASDAQ:NANO opened at $36.80 on Friday. The firm has a market capitalization of $894.26 million, a PE ratio of 29.92, a price-to-earnings-growth ratio of 1.34 and a beta of 1.82. Nanometrics Incorporated has a 52 week low of $22.08 and a 52 week high of $48.26.

Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. The business had revenue of $88.60 million during the quarter, compared to the consensus estimate of $86.53 million. Nanometrics had a return on equity of 19.74% and a net margin of 16.55%. The business’s revenue for the quarter was up 37.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 earnings per share. analysts expect that Nanometrics Incorporated will post 2.3 EPS for the current year.

Nanometrics 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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Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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