New York State Common Retirement Fund Boosts Position in Nanometrics Incorporated (NANO)
New York State Common Retirement Fund boosted its holdings in Nanometrics Incorporated (NASDAQ:NANO) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,201 shares of the semiconductor company’s stock after purchasing an additional 2,534 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of Nanometrics worth $814,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its position in Nanometrics by 81,374.7% in the 1st quarter. BlackRock Inc. now owns 3,091,965 shares of the semiconductor company’s stock valued at $94,182,000 after purchasing an additional 3,088,170 shares during the period. Vanguard Group Inc. grew its position in Nanometrics by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 1,278,397 shares of the semiconductor company’s stock valued at $38,939,000 after purchasing an additional 86,241 shares during the period. Dimensional Fund Advisors LP grew its position in Nanometrics by 13.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,213,933 shares of the semiconductor company’s stock valued at $36,976,000 after purchasing an additional 142,005 shares during the period. State Street Corp grew its position in Nanometrics by 26.0% in the 1st quarter. State Street Corp now owns 647,195 shares of the semiconductor company’s stock valued at $19,712,000 after purchasing an additional 133,650 shares during the period. Finally, Teachers Advisors LLC grew its position in Nanometrics by 892.7% in the 2nd quarter. Teachers Advisors LLC now owns 396,002 shares of the semiconductor company’s stock valued at $10,015,000 after purchasing an additional 356,109 shares during the period. 81.53% of the stock is owned by institutional investors and hedge funds.
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Several research firms recently issued reports on NANO. Zacks Investment Research raised shares of Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Benchmark Co. reissued a “buy” rating and issued a $34.00 price target on shares of Nanometrics in a research report on Friday, October 13th. Finally, BidaskClub downgraded shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.67.
In other news, CEO Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $28.15, for a total transaction of $563,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Janet Therese Taylor sold 2,505 shares of Nanometrics stock in a transaction on Monday, August 28th. The stock was sold at an average price of $25.65, for a total value of $64,253.25. Following the sale, the general counsel now owns 35,833 shares in the company, valued at $919,116.45. The disclosure for this sale can be found here. Insiders have sold a total of 49,738 shares of company stock worth $1,346,740 over the last ninety days. Insiders own 6.70% of the company’s stock.
Nanometrics Incorporated (NANO) opened at $27.95 on Tuesday. The stock has a market cap of $718.44, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 2.03 and a beta of 1.81. Nanometrics Incorporated has a fifty-two week low of $20.72 and a fifty-two week high of $32.42.
Nanometrics (NASDAQ:NANO) last posted its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The firm had revenue of $56.70 million for the quarter, compared to the consensus estimate of $56.53 million. Nanometrics had a net margin of 19.23% and a return on equity of 10.26%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. analysts predict that Nanometrics Incorporated will post 1.15 EPS for the current year.
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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