Nanometrics Incorporated (NANO) Holdings Reduced by Eagle Asset Management Inc.
Eagle Asset Management Inc. reduced its stake in Nanometrics Incorporated (NASDAQ:NANO) by 37.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,522 shares of the semiconductor company’s stock after selling 46,118 shares during the period. Eagle Asset Management Inc. owned 0.31% of Nanometrics worth $1,985,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Pacad Investment Ltd. purchased a new position in Nanometrics in the second quarter valued at approximately $106,000. Principal Financial Group Inc. increased its stake in Nanometrics by 3.5% in the second quarter. Principal Financial Group Inc. now owns 202,977 shares of the semiconductor company’s stock valued at $5,133,000 after purchasing an additional 6,788 shares during the last quarter. IndexIQ Advisors LLC purchased a new position in Nanometrics in the second quarter valued at approximately $393,000. OMERS ADMINISTRATION Corp purchased a new position in Nanometrics in the second quarter valued at approximately $266,000. Finally, American Century Companies Inc. increased its stake in Nanometrics by 3.7% in the second quarter. American Century Companies Inc. now owns 164,416 shares of the semiconductor company’s stock valued at $4,158,000 after purchasing an additional 5,832 shares during the last quarter. Institutional investors own 81.28% of the company’s stock.
Several brokerages have commented on NANO. Zacks Investment Research upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. 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 research note on Friday, June 16th. They noted that the move was a valuation call. Benchmark Co. reiterated a “buy” rating and issued a $34.00 price target on shares of Nanometrics in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered shares of 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 hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $31.50.
In other Nanometrics news, General Counsel Janet Therese Taylor sold 2,505 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $25.65, for a total value of $64,253.25. Following the transaction, the general counsel now directly owns 35,833 shares of the company’s stock, valued at approximately $919,116.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy J. Stultz sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $25.19, for a total value of $503,800.00. Following the completion of the sale, the chief executive officer now owns 300,651 shares of the company’s stock, valued at $7,573,398.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,545 shares of company stock worth $1,684,163. 6.70% of the stock is currently owned by corporate insiders.
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Nanometrics Incorporated (NASDAQ NANO) opened at 25.44 on Monday. The firm has a 50-day moving average of $25.91 and a 200 day moving average of $27.56. Nanometrics Incorporated has a 52 week low of $18.65 and a 52 week high of $32.42. The stock has a market capitalization of $648.59 million, a price-to-earnings ratio of 13.53 and a beta of 1.74.
Nanometrics (NASDAQ:NANO) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to analyst estimates of $66.37 million. During the same period in the previous year, the company earned $0.26 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, analysts anticipate that Nanometrics Incorporated will post $1.20 EPS for the current year.
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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