Arizona State Retirement System Boosts Holdings in Nanometrics Incorporated (NASDAQ:NANO)

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Arizona State Retirement System increased its stake in shares of Nanometrics Incorporated (NASDAQ:NANO) by 0.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,059 shares of the semiconductor company’s stock after buying an additional 320 shares during the period. Arizona State Retirement System owned about 0.16% of Nanometrics worth $1,321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Mason Street Advisors LLC increased its holdings in Nanometrics by 4.5% during the first quarter. Mason Street Advisors LLC now owns 7,857 shares of the semiconductor company’s stock worth $243,000 after buying an additional 337 shares during the last quarter. Rhumbline Advisers increased its holdings in Nanometrics by 0.6% during the first quarter. Rhumbline Advisers now owns 67,572 shares of the semiconductor company’s stock worth $2,087,000 after buying an additional 429 shares during the last quarter. Virginia Retirement Systems ET AL increased its holdings in Nanometrics by 5.2% during the first quarter. Virginia Retirement Systems ET AL now owns 12,200 shares of the semiconductor company’s stock worth $377,000 after buying an additional 600 shares during the last quarter. Legal & General Group Plc increased its holdings in Nanometrics by 1.3% during the fourth quarter. Legal & General Group Plc now owns 51,709 shares of the semiconductor company’s stock worth $1,419,000 after buying an additional 684 shares during the last quarter. Finally, Texas Permanent School Fund increased its holdings in Nanometrics by 4.8% during the first quarter. Texas Permanent School Fund now owns 16,611 shares of the semiconductor company’s stock worth $513,000 after buying an additional 764 shares during the last quarter. Institutional investors and hedge funds own 84.39% of the company’s stock.

Shares of NASDAQ:NANO opened at $28.45 on Monday. The company has a quick ratio of 4.01, a current ratio of 5.34 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $690.48 million, a PE ratio of 12.00 and a beta of 1.60. Nanometrics Incorporated has a twelve month low of $25.52 and a twelve month high of $46.42. The company has a 50-day moving average price of $32.54 and a two-hundred day moving average price of $31.37.

Nanometrics (NASDAQ:NANO) last issued its earnings results on Tuesday, July 30th. The semiconductor company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $67.62 million during the quarter, compared to analyst estimates of $65.38 million. Nanometrics had a net margin of 10.58% and a return on equity of 10.97%. The company’s quarterly revenue was down 23.7% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. Analysts anticipate that Nanometrics Incorporated will post 1.38 earnings per share for the current fiscal year.

In other Nanometrics news, Director Timothy J. Stultz sold 12,014 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $35.17, for a total transaction of $422,532.38. Following the completion of the transaction, the director now owns 239,263 shares in the company, valued at $8,414,879.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy J. Stultz sold 47,986 shares of the stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $35.04, for a total transaction of $1,681,429.44. Following the transaction, the director now owns 257,249 shares of the company’s stock, valued at approximately $9,014,004.96. The disclosure for this sale can be found here. Insiders have sold 60,725 shares of company stock valued at $2,129,533 in the last quarter. Company insiders own 6.10% of the company’s stock.

A number of analysts recently issued reports on NANO shares. Needham & Company LLC restated a “buy” rating and set a $42.00 price objective (up previously from $37.00) on shares of Nanometrics in a report on Wednesday, May 1st. BidaskClub downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. B. Riley began coverage on shares of Nanometrics in a research report on Wednesday, June 19th. They set a “buy” rating and a $41.00 target price for the company. Benchmark reiterated a “buy” rating and set a $39.00 target price on shares of Nanometrics in a research report on Wednesday, July 31st. Finally, DA Davidson upgraded shares of Nanometrics from a “neutral” rating to a “buy” rating and increased their target price for the stock from $32.00 to $40.00 in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $40.00.

Nanometrics Profile

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices, and industrial and scientific applications worldwide. The company offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress metrology 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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