Smith Asset Management Group LP Buys Shares of 88,060 Nanometrics Incorporated (NASDAQ:NANO)
Smith Asset Management Group LP bought a new position in shares of Nanometrics Incorporated (NASDAQ:NANO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 88,060 shares of the semiconductor company’s stock, valued at approximately $2,227,000.
A number of other large investors also recently bought and sold shares of NANO. Thompson Davis & CO. Inc. bought a new stake in Nanometrics during the first quarter worth about $118,000. State of Alaska Department of Revenue boosted its stake in Nanometrics by 79.4% in the second quarter. State of Alaska Department of Revenue now owns 4,988 shares of the semiconductor company’s stock worth $126,000 after buying an additional 2,208 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Nanometrics by 15.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,812 shares of the semiconductor company’s stock worth $147,000 after buying an additional 626 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Nanometrics by 643.3% in the first quarter. LS Investment Advisors LLC now owns 5,783 shares of the semiconductor company’s stock worth $176,000 after buying an additional 5,005 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its stake in Nanometrics by 8.0% in the first quarter. Mason Street Advisors LLC now owns 5,883 shares of the semiconductor company’s stock worth $179,000 after buying an additional 438 shares during the last quarter. Institutional investors own 80.20% of the company’s stock.
Shares of Nanometrics Incorporated (NASDAQ:NANO) opened at 25.27 on Friday. The firm has a 50-day moving average price of $26.26 and a 200-day moving average price of $27.62. The company has a market capitalization of $644.26 million, a PE ratio of 13.44 and a beta of 1.73. Nanometrics Incorporated has a 1-year low of $18.65 and a 1-year high of $32.42.
Nanometrics (NASDAQ:NANO) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.01. Nanometrics had a net margin of 19.94% and a return on equity of 11.95%. The company had revenue of $64.43 million during the quarter, compared to the consensus estimate of $66.37 million. During the same quarter last year, the company earned $0.26 earnings per share. The business’s revenue was up 15.5% on a year-over-year basis. Equities analysts anticipate that Nanometrics Incorporated will post $1.20 earnings per share for the current year.
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NANO has been the topic of a number of recent research reports. Benchmark Co. reiterated a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of Nanometrics in a research note on Wednesday, May 3rd. Stifel Nicolaus upgraded Nanometrics from a “hold” rating to a “buy” rating and raised their target price for the company from $29.00 to $31.00 in a research note on Friday, June 16th. They noted that the move was a valuation call. Zacks Investment Research upgraded Nanometrics from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, May 5th. Finally, BidaskClub cut Nanometrics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $31.50.
In other Nanometrics news, VP Kevin Heidrich sold 969 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $27.15, for a total value of $26,308.35. Following the transaction, the vice president now owns 34,707 shares of the company’s stock, valued at $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 business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $29.47, for a total value of $294,700.00. Following the completion of 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. Insiders sold 77,124 shares of company stock worth $2,055,399 over the last quarter. Company 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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