LS Investment Advisors LLC decreased its stake in Nanometrics Incorporated (NASDAQ:NANO) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,715 shares of the semiconductor company’s stock after selling 68 shares during the period. LS Investment Advisors LLC’s holdings in Nanometrics were worth $145,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its stake in shares of Nanometrics by 79.4% in the second quarter. State of Alaska Department of Revenue now owns 4,988 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 2,208 shares during the period. Creative Planning increased its stake in shares of Nanometrics by 38.2% in the second quarter. Creative Planning now owns 12,520 shares of the semiconductor company’s stock valued at $317,000 after buying an additional 3,460 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Nanometrics by 29.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 7,000 shares of the semiconductor company’s stock valued at $213,000 after buying an additional 1,600 shares during the period. Jane Street Group LLC bought a new stake in shares of Nanometrics during the first quarter valued at approximately $555,000. Finally, AQR Capital Management LLC increased its stake in shares of Nanometrics by 18.2% in the first quarter. AQR Capital Management LLC now owns 332,148 shares of the semiconductor company’s stock valued at $10,117,000 after buying an additional 51,092 shares during the period. Hedge funds and other institutional investors own 80.20% of the company’s stock.

Nanometrics Incorporated (NANO) traded down 1.67% during mid-day trading on Thursday, hitting $24.70. 62,865 shares of the stock were exchanged. The company has a market capitalization of $629.73 million, a PE ratio of 13.14 and a beta of 1.73. The stock has a 50 day moving average price of $26.33 and a 200 day moving average price of $27.64. Nanometrics Incorporated has a 1-year low of $18.65 and a 1-year high of $32.42.

Nanometrics (NASDAQ:NANO) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $64.43 million during the quarter, compared to the consensus estimate of $66.37 million. Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. Nanometrics’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. On average, equities analysts anticipate that Nanometrics Incorporated will post $1.20 earnings per share for the current fiscal year.

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Several analysts have commented on the stock. Zacks Investment Research downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Friday, August 4th. BidaskClub downgraded shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Benchmark Co. reiterated a “buy” rating and issued a $34.00 price objective on shares of Nanometrics in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and lifted their price objective for the company from $29.00 to $31.00 in a report on Friday, June 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $31.50.

In related news, CEO Timothy J. Stultz sold 20,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $26.93, for a total value of $538,600.00. Following the completion of the sale, the chief executive officer now directly owns 300,651 shares of the company’s stock, valued at approximately $8,096,531.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce C. Rhine sold 10,000 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $29.47, for a total value of $294,700.00. Following the completion of the sale, the director now directly owns 736,561 shares of the company’s stock, valued at $21,706,452.67. The disclosure for this sale can be found here. Insiders sold a total of 77,124 shares of company stock valued at $2,055,399 over the last three months. 6.70% of the stock is currently owned by insiders.

About Nanometrics

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.

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Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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