Wells Fargo & Company MN Acquires 593 Shares of Nanometrics Incorporated (NANO)

Wells Fargo & Company MN raised its holdings in shares of Nanometrics Incorporated (NASDAQ:NANO) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,373 shares of the semiconductor company’s stock after purchasing an additional 593 shares during the quarter. Wells Fargo & Company MN owned 0.07% of Nanometrics worth $439,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NANO. BlackRock Inc. increased its stake in Nanometrics by 81,374.7% during 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in Nanometrics by 13.2% during 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 in the last quarter. State Street Corp increased its stake in Nanometrics by 26.0% during 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 in the last quarter. Marshall Wace North America L.P. bought a new stake in Nanometrics during the 2nd quarter valued at $2,819,000. Finally, Smith Asset Management Group LP bought a new stake in Nanometrics during the 2nd quarter valued at $2,227,000. Institutional investors and hedge funds own 80.99% of the company’s stock.

Nanometrics Incorporated (NANO) opened at $26.45 on Tuesday. The stock has a market cap of $678.00, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 1.90 and a beta of 1.81. Nanometrics Incorporated has a fifty-two week low of $22.23 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 1.16 EPS for the current year.

In related news, CEO Timothy J. Stultz sold 20,000 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $28.15, for a total value of $563,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Janet Therese Taylor sold 2,505 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $25.65, for a total transaction of $64,253.25. Following the completion of the transaction, the general counsel now directly 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.

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A number of analysts have commented on NANO shares. Zacks Investment Research upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. BidaskClub lowered shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Benchmark Co. restated a “buy” rating and set a $34.00 price target on shares of Nanometrics in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.67.

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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