Morgan Stanley increased its position in Nanometrics Incorporated (NASDAQ:NANO) by 18.2% during the first quarter, Holdings Channel reports. The fund owned 158,173 shares of the semiconductor company’s stock after buying an additional 24,361 shares during the period. Morgan Stanley’s holdings in Nanometrics were worth $4,818,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Nanometrics by 7.2% in the first quarter. Vanguard Group Inc. now owns 1,278,397 shares of the semiconductor company’s stock worth $38,939,000 after buying an additional 86,241 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Nanometrics by 13.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,213,933 shares of the semiconductor company’s stock worth $36,976,000 after buying an additional 142,005 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Nanometrics by 10.7% in the first quarter. Bank of New York Mellon Corp now owns 839,815 shares of the semiconductor company’s stock worth $25,580,000 after buying an additional 81,174 shares during the last quarter. State Street Corp boosted its stake in Nanometrics by 9.3% in the fourth quarter. State Street Corp now owns 513,545 shares of the semiconductor company’s stock worth $12,875,000 after buying an additional 43,491 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its stake in Nanometrics by 79.5% in the first quarter. Hood River Capital Management LLC now owns 510,485 shares of the semiconductor company’s stock worth $15,549,000 after buying an additional 226,118 shares during the last quarter. 80.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nanometrics Incorporated (NANO) traded down 0.299% during trading on Thursday, hitting $25.045. 11,604 shares of the stock were exchanged. The stock’s 50 day moving average price is $26.33 and its 200 day moving average price is $27.64. The firm has a market capitalization of $638.52 million, a price-to-earnings ratio of 13.322 and a beta of 1.73. Nanometrics Incorporated has a 52 week low of $18.65 and a 52 week high of $32.42.

Nanometrics (NASDAQ:NANO) last released its earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 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 business had revenue of $64.43 million for the quarter, compared to the consensus estimate of $66.37 million. During the same period in the prior year, the business posted $0.26 EPS. Nanometrics’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 earnings per share for the current year.

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A number of analysts have weighed in on NANO shares. BidaskClub cut shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Benchmark Co. reaffirmed a “buy” rating and set a $34.00 target price on shares of Nanometrics in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Stifel Nicolaus raised shares of Nanometrics from a “hold” rating to a “buy” rating and boosted their target price for the stock from $29.00 to $31.00 in a research note on Friday, June 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $31.50.

In related news, VP Kevin Heidrich sold 969 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $27.15, for a total transaction of $26,308.35. Following the transaction, the vice president now owns 34,707 shares of the company’s stock, valued at approximately $942,295.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bruce C. Rhine sold 10,000 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the transaction, the director now directly owns 736,561 shares in the company, valued at approximately $21,706,452.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,124 shares of company stock worth $2,055,399. 6.70% of the stock is owned by insiders.

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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