Acadian Asset Management LLC lowered its stake in shares of Nanometrics Incorporated (NASDAQ:NANO) by 72.7% during the first quarter, HoldingsChannel.com reports. The fund owned 11,433 shares of the semiconductor company’s stock after selling 30,379 shares during the period. Acadian Asset Management LLC’s holdings in Nanometrics were worth $353,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its stake in shares of Nanometrics by 11.3% during the first quarter. Parametric Portfolio Associates LLC now owns 48,054 shares of the semiconductor company’s stock worth $1,484,000 after buying an additional 4,878 shares during the period. Penserra Capital Management LLC boosted its stake in shares of Nanometrics by 71.8% during the first quarter. Penserra Capital Management LLC now owns 2,685 shares of the semiconductor company’s stock worth $82,000 after buying an additional 1,122 shares during the period. Mason Street Advisors LLC boosted its stake in shares of 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 period. IndexIQ Advisors LLC acquired a new stake in shares of Nanometrics during the first quarter worth about $1,624,000. Finally, Systematic Financial Management LP boosted its stake in shares of Nanometrics by 7.1% during the first quarter. Systematic Financial Management LP now owns 42,250 shares of the semiconductor company’s stock worth $1,305,000 after buying an additional 2,790 shares during the period. 85.72% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:NANO opened at $32.65 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.24 and a quick ratio of 3.98. The stock has a market capitalization of $801.07 million, a P/E ratio of 13.78, a PEG ratio of 1.92 and a beta of 1.57. Nanometrics Incorporated has a 52 week low of $25.52 and a 52 week high of $48.26.

Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). The firm had revenue of $67.10 million during the quarter, compared to analyst estimates of $64.82 million. Nanometrics had a net margin of 14.30% and a return on equity of 15.43%. Nanometrics’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 EPS. On average, sell-side analysts anticipate that Nanometrics Incorporated will post 1.41 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Tuesday, May 7th. ValuEngine upgraded shares of Nanometrics from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and issued a $42.00 price objective (up previously from $37.00) on shares of Nanometrics in a research report on Wednesday, May 1st. DA Davidson upgraded shares of Nanometrics from a “neutral” rating to a “buy” rating and raised their price objective for the company from $32.00 to $40.00 in a research report on Wednesday, May 1st. Finally, BidaskClub upgraded shares of Nanometrics from a “strong sell” rating to a “sell” rating in a research report on Monday. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Nanometrics presently has an average rating of “Buy” and a consensus target price of $39.20.

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About Nanometrics

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.

Further Reading: Special Dividends

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Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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