State of Tennessee Treasury Department held its stake in Nanometrics Incorporated (NASDAQ:NANO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,676 shares of the semiconductor company’s stock at the close of the second quarter. State of Tennessee Treasury Department owned 0.09% of Nanometrics worth $573,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NANO. Pacad Investment Ltd. acquired a new position in shares of Nanometrics in the second quarter valued at approximately $106,000. State of Alaska Department of Revenue grew its holdings 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 purchasing an additional 2,208 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Nanometrics by 15.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,812 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 626 shares in the last quarter. Mason Street Advisors LLC grew its holdings in shares of Nanometrics by 8.0% in the first quarter. Mason Street Advisors LLC now owns 5,883 shares of the semiconductor company’s stock valued at $179,000 after purchasing an additional 438 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings 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 purchasing an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 81.28% of the company’s stock.

In other Nanometrics news, General Counsel Janet Therese Taylor sold 2,505 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $25.65, for a total value of $64,253.25. Following the completion of the sale, the general counsel now owns 35,833 shares of the company’s stock, valued at $919,116.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy J. Stultz sold 20,000 shares of the stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $26.30, for a total transaction of $526,000.00. Following the completion of the sale, the chief executive officer now directly owns 300,651 shares of the company’s stock, valued at approximately $7,907,121.30. The disclosure for this sale can be found here. Insiders sold 71,778 shares of company stock valued at $1,865,050 in the last ninety days. 6.70% of the stock is owned by corporate insiders.

A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Friday, August 4th. BidaskClub cut shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Benchmark Co. restated 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 hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $31.50.

Nanometrics Incorporated (NANO) opened at 28.80 on Friday. The firm has a market cap of $734.26 million, a PE ratio of 15.32 and a beta of 1.74. Nanometrics Incorporated has a 12-month low of $18.65 and a 12-month high of $32.42. The firm’s 50-day moving average is $25.76 and its 200 day moving average is $27.50.

Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). Nanometrics had a net margin of 19.94% and a return on equity of 11.95%. The firm had revenue of $64.43 million during the quarter, compared to analyst estimates of $66.37 million. During the same period last year, the business earned $0.26 EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. Equities research analysts predict that Nanometrics Incorporated will post $1.20 EPS for the current year.

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Nanometrics Company Profile

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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