Teachers Retirement System of The State of Kentucky boosted its stake in Nanometrics Incorporated (NASDAQ:NANO) by 29.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 7,000 shares of the semiconductor company’s stock after buying an additional 1,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Nanometrics were worth $213,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NANO. Jane Street Group LLC purchased a new stake in Nanometrics during the first quarter valued at approximately $555,000. AQR Capital Management LLC boosted its stake in Nanometrics by 18.2% in the first quarter. AQR Capital Management LLC now owns 332,148 shares of the semiconductor company’s stock valued at $10,117,000 after buying an additional 51,092 shares during the period. Gotham Asset Management LLC boosted its stake in Nanometrics by 63.6% in the first quarter. Gotham Asset Management LLC now owns 37,154 shares of the semiconductor company’s stock valued at $1,132,000 after buying an additional 14,445 shares during the period. State Street Corp boosted its stake in Nanometrics by 26.0% in the first quarter. State Street Corp now owns 647,195 shares of the semiconductor company’s stock valued at $19,712,000 after buying an additional 133,650 shares during the period. Finally, Bank of America Corp DE boosted its stake in Nanometrics by 204.1% in the first quarter. Bank of America Corp DE now owns 90,036 shares of the semiconductor company’s stock valued at $2,742,000 after buying an additional 60,425 shares during the period. Institutional investors own 80.20% of the company’s stock.

Shares of Nanometrics Incorporated (NANO) traded up 1.90% during trading on Friday, hitting $25.27. 150,177 shares of the stock were exchanged. The stock has a 50-day moving average of $26.26 and a 200 day moving average of $27.62. Nanometrics Incorporated has a 12-month low of $18.65 and a 12-month high of $32.42. The stock has a market cap of $644.26 million, a P/E ratio of 13.44 and a beta of 1.73.

Nanometrics (NASDAQ:NANO) last posted its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $64.43 million for the quarter, compared to analyst estimates of $66.37 million. Nanometrics had a return on equity of 12.81% and a net margin of 12.86%. Nanometrics’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS. Equities analysts predict that Nanometrics Incorporated will post $1.20 earnings per share for the current fiscal year.

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A number of equities analysts have recently issued reports on NANO shares. Zacks Investment Research downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Friday, August 4th. BidaskClub downgraded shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Benchmark Co. reiterated a “buy” rating and issued a $34.00 price target on shares of Nanometrics in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and increased their price target 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 equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $31.50.

In other Nanometrics news, VP Kevin Heidrich sold 969 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $27.15, for a total transaction of $26,308.35. Following the sale, the vice president now owns 34,707 shares in the company, valued at approximately $942,295.05. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy J. Stultz sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $26.93, for a total value of $538,600.00. Following the sale, the chief executive officer now owns 300,651 shares in the company, valued at approximately $8,096,531.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,124 shares of company stock worth $2,055,399. Corporate insiders own 6.70% of the company’s stock.

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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