OxFORD Asset Management LLP cut its holdings in Nanometrics Incorporated (NASDAQ:NANO) by 51.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,859 shares of the semiconductor company’s stock after selling 74,860 shares during the period. OxFORD Asset Management LLP owned 0.27% of Nanometrics worth $2,005,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NANO. Pacad Investment Ltd. bought a new stake in shares of Nanometrics during the 2nd quarter valued at $106,000. SG Americas Securities LLC bought a new stake in shares of Nanometrics during the 3rd quarter valued at $158,000. BNP Paribas Arbitrage SA raised its position in shares of Nanometrics by 63.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,883 shares of the semiconductor company’s stock valued at $199,000 after purchasing an additional 3,071 shares during the period. Virginia Retirement Systems ET AL bought a new stake in shares of Nanometrics during the 2nd quarter valued at $217,000. Finally, LS Investment Advisors LLC raised its position in shares of Nanometrics by 36.9% during the 3rd quarter. LS Investment Advisors LLC now owns 7,824 shares of the semiconductor company’s stock valued at $225,000 after purchasing an additional 2,109 shares during the period. Institutional investors and hedge funds own 83.27% of the company’s stock.

Several analysts have recently commented on NANO shares. Zacks Investment Research upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Finally, Benchmark restated a “buy” rating and set a $34.00 price objective on shares of Nanometrics in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Nanometrics has an average rating of “Hold” and a consensus target price of $31.67.

In related news, CEO Timothy J. Stultz sold 20,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy J. Stultz sold 14,166 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $25.93, for a total transaction of $367,324.38. Following the transaction, the chief executive officer now directly owns 294,817 shares of the company’s stock, valued at $7,644,604.81. The disclosure for this sale can be found here. Insiders have sold 41,399 shares of company stock valued at $1,126,411 over the last ninety days. 6.70% of the stock is currently owned by corporate insiders.

Shares of Nanometrics Incorporated (NASDAQ:NANO) opened at $24.73 on Friday. The company has a market cap of $632.44, a price-to-earnings ratio of 23.76, a PEG ratio of 1.77 and a beta of 1.75. Nanometrics Incorporated has a 52-week low of $23.73 and a 52-week high of $32.42.

Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ 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 company’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. equities analysts forecast that Nanometrics Incorporated will post 1.16 EPS for the current year.

Nanometrics declared that its board has authorized a stock buyback plan on Wednesday, November 15th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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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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