California Public Employees Retirement System trimmed its position in shares of Nanometrics Incorporated (NASDAQ:NANO) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,218 shares of the semiconductor company’s stock after selling 2,892 shares during the quarter. California Public Employees Retirement System’s holdings in Nanometrics were worth $3,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in Nanometrics by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 319,418 shares of the semiconductor company’s stock valued at $11,985,000 after buying an additional 8,888 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Nanometrics by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 82,385 shares of the semiconductor company’s stock worth $3,092,000 after purchasing an additional 5,275 shares during the period. Legal & General Group Plc lifted its position in shares of Nanometrics by 9.0% in the 3rd quarter. Legal & General Group Plc now owns 51,025 shares of the semiconductor company’s stock worth $1,897,000 after purchasing an additional 4,208 shares during the period. Vanguard Group Inc. lifted its position in shares of Nanometrics by 14.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,722,179 shares of the semiconductor company’s stock worth $64,616,000 after purchasing an additional 218,259 shares during the period. Finally, Strs Ohio lifted its position in shares of Nanometrics by 3.5% in the 4th quarter. Strs Ohio now owns 23,700 shares of the semiconductor company’s stock worth $647,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 85.72% of the company’s stock.

Shares of NANO opened at $28.45 on Monday. Nanometrics Incorporated has a fifty-two week low of $25.52 and a fifty-two week high of $48.26. The company has a market capitalization of $702.92 million, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.69 and a beta of 1.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.24 and a quick ratio of 3.98.

Nanometrics (NASDAQ:NANO) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $67.10 million during the quarter, compared to analysts’ expectations of $64.82 million. Nanometrics had a return on equity of 15.43% and a net margin of 14.30%. Nanometrics’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. As a group, equities analysts expect that Nanometrics Incorporated will post 1.41 EPS for the current year.

NANO has been the subject of several research reports. ValuEngine raised shares of Nanometrics from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. DA Davidson raised shares of Nanometrics from a “neutral” rating to a “buy” rating and upped their price target for the stock from $32.00 to $40.00 in a research report on Wednesday, May 1st. BidaskClub cut shares of Nanometrics from a “sell” rating to a “strong sell” rating in a research report on Friday, March 1st. Benchmark reaffirmed a “buy” rating and issued a $36.00 price target on shares of Nanometrics in a research report on Wednesday, February 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price target (up previously from $37.00) on shares of Nanometrics in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $39.20.

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Nanometrics Company 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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