California Public Employees Retirement System reduced its position in shares of Nanometrics Inc. (NASDAQ:NANO) by 2.6% during the second quarter, Holdings Channel reports. The firm owned 96,855 shares of the company’s stock after selling 2,600 shares during the period. California Public Employees Retirement System owned approximately 0.39% of Nanometrics worth $2,014,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of NANO. Prudential Financial Inc. boosted its position in shares of Nanometrics by 3.6% in the first quarter. Prudential Financial Inc. now owns 57,581 shares of the company’s stock worth $912,000 after buying an additional 2,000 shares during the period. Royce & Associates LP boosted its position in shares of Nanometrics by 6.2% in the first quarter. Royce & Associates LP now owns 2,807,174 shares of the company’s stock worth $44,466,000 after buying an additional 162,908 shares during the period. Value Holdings LP boosted its position in shares of Nanometrics by 190.2% in the first quarter. Value Holdings LP now owns 34,825 shares of the company’s stock worth $552,000 after buying an additional 22,825 shares during the period. Springbank Value Partners LP boosted its position in shares of Nanometrics by 141.9% in the first quarter. Springbank Value Partners LP now owns 14,516 shares of the company’s stock worth $230,000 after buying an additional 8,516 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Nanometrics by 8.1% in the first quarter. Geode Capital Management LLC now owns 165,494 shares of the company’s stock worth $2,621,000 after buying an additional 12,399 shares during the period. 82.25% of the stock is owned by institutional investors.
Shares of Nanometrics Inc. (NASDAQ:NANO) traded up 2.97% on Thursday, hitting $22.91. 211,284 shares of the stock were exchanged. Nanometrics Inc. has a one year low of $12.49 and a one year high of $23.61. The company has a market cap of $567.98 million, a P/E ratio of 66.79 and a beta of 1.46. The firm’s 50-day moving average is $21.21 and its 200-day moving average is $19.09.
Nanometrics (NASDAQ:NANO) last posted its earnings results on Tuesday, July 26th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $55.80 million for the quarter, compared to analyst estimates of $55.30 million. Nanometrics had a net margin of 4.44% and a return on equity of 6.06%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 earnings per share. On average, equities analysts forecast that Nanometrics Inc. will post $0.99 EPS for the current fiscal year.
A number of research analysts have recently weighed in on NANO shares. Stifel Nicolaus raised their price objective on shares of Nanometrics from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, June 27th. Zacks Investment Research cut shares of Nanometrics from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Nanometrics presently has an average rating of “Hold” and an average target price of $20.80.
In other Nanometrics news, Director Bruce C. Rhine sold 10,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $22.08, for a total transaction of $220,800.00. Following the completion of the transaction, the director now directly owns 794,108 shares of the company’s stock, valued at approximately $17,533,904.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeff Andreson sold 5,010 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $22.50, for a total transaction of $112,725.00. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.
Nanometrics Company Profile
Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The Company operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems.
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