Tanaka Capital Management Inc. trimmed its stake in shares of Nanometrics Incorporated (NASDAQ:NANO) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,179 shares of the semiconductor company’s stock after selling 140 shares during the period. Nanometrics comprises about 1.6% of Tanaka Capital Management Inc.’s holdings, making the stock its 21st biggest holding. Tanaka Capital Management Inc. owned 0.11% of Nanometrics worth $713,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacad Investment Ltd. purchased a new stake in shares of Nanometrics during the second quarter valued at $106,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Nanometrics by 15.0% during 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 during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Nanometrics by 79.4% during 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 during the last quarter. Mason Street Advisors LLC lifted its holdings in shares of Nanometrics by 8.0% during 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 during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Nanometrics by 29.6% during 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 during the last quarter. 81.28% of the stock is owned by institutional investors and hedge funds.
Shares of Nanometrics Incorporated (NANO) traded up 1.15% during midday trading on Thursday, hitting $28.99. The stock had a trading volume of 43,536 shares. The firm has a market capitalization of $739.10 million, a PE ratio of 15.42 and a beta of 1.80. The firm’s 50-day moving average price is $26.97 and its 200-day moving average price is $27.43. Nanometrics Incorporated has a one year low of $19.00 and a one year high of $32.42.
Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. The company had revenue of $64.43 million for the quarter, compared to analyst estimates of $66.37 million. During the same period last year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities analysts predict that Nanometrics Incorporated will post $1.20 EPS for the current year.
In related 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 directly owns 35,833 shares of the company’s stock, valued at $919,116.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,738 shares of company stock valued at $1,850,540. 6.70% of the stock is owned by insiders.
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Several equities research analysts have recently commented on the company. BidaskClub downgraded Nanometrics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised Nanometrics from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Benchmark Co. reaffirmed a “buy” rating and set a $34.00 target price on shares of Nanometrics in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus raised Nanometrics from a “hold” rating to a “buy” rating and upped their target price 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $31.67.
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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