Zacks Investment Management acquired a new position in shares of Nanometrics Incorporated (NASDAQ:NANO) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 36,516 shares of the semiconductor company’s stock, valued at approximately $1,293,000. Zacks Investment Management owned 0.15% of Nanometrics at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Flinton Capital Management LLC lifted its position in Nanometrics by 32.1% during the 1st quarter. Flinton Capital Management LLC now owns 6,018 shares of the semiconductor company’s stock worth $162,000 after acquiring an additional 1,462 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Nanometrics by 12.1% in the 2nd quarter. Alps Advisors Inc. now owns 17,875 shares of the semiconductor company’s stock valued at $445,000 after buying an additional 1,929 shares during the period. Legal & General Group Plc lifted its holdings in shares of Nanometrics by 5.7% in the 2nd quarter. Legal & General Group Plc now owns 46,817 shares of the semiconductor company’s stock valued at $1,664,000 after buying an additional 2,506 shares during the period. Northern Trust Corp lifted its holdings in shares of Nanometrics by 0.9% in the 1st quarter. Northern Trust Corp now owns 296,012 shares of the semiconductor company’s stock valued at $7,962,000 after buying an additional 2,579 shares during the period. Finally, Creative Planning lifted its holdings in shares of Nanometrics by 29.5% in the 2nd quarter. Creative Planning now owns 11,910 shares of the semiconductor company’s stock valued at $422,000 after buying an additional 2,710 shares during the period. 85.13% of the stock is owned by institutional investors.

In related news, Director Bruce C. Rhine sold 3,655 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $42.65, for a total value of $155,885.75. Following the completion of the transaction, the director now directly owns 693,418 shares of the company’s stock, valued at approximately $29,574,277.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rollin Kocher sold 720 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $35.32, for a total value of $25,430.40. The disclosure for this sale can be found here. Insiders sold a total of 66,783 shares of company stock valued at $2,814,864 over the last ninety days. 6.90% of the stock is currently owned by company insiders.

Several analysts have recently commented on NANO shares. BidaskClub raised Nanometrics from a “hold” rating to a “buy” rating in a report on Saturday, May 19th. Stifel Nicolaus cut Nanometrics from a “buy” rating to a “hold” rating and raised their price target for the company from $35.00 to $40.00 in a report on Monday, May 28th. They noted that the move was a valuation call. ValuEngine raised Nanometrics from a “buy” rating to a “strong-buy” rating in a report on Friday, June 1st. DA Davidson raised their price target on Nanometrics to $42.00 and gave the company a “buy” rating in a report on Monday, July 2nd. Finally, Zacks Investment Research cut Nanometrics from a “buy” rating to a “hold” rating in a report on Thursday, July 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $35.50.

NANO opened at $36.80 on Friday. The company has a market capitalization of $894.26 million, a PE ratio of 29.92, a price-to-earnings-growth ratio of 1.34 and a beta of 1.82. Nanometrics Incorporated has a 12 month low of $22.08 and a 12 month high of $48.26.

Nanometrics (NASDAQ:NANO) last released its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.05. Nanometrics had a return on equity of 19.74% and a net margin of 16.55%. The firm had revenue of $88.60 million during the quarter, compared to the consensus estimate of $86.53 million. During the same period last year, the business posted $0.30 EPS. Nanometrics’s quarterly revenue was up 37.5% on a year-over-year basis. sell-side analysts anticipate that Nanometrics Incorporated will post 2.3 earnings per share for the current fiscal year.

Nanometrics Profile

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress 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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