Nationwide Fund Advisors Has $497,000 Stake in Nanometrics Incorporated (NANO)
Nationwide Fund Advisors continued to hold its stake in shares of Nanometrics Incorporated (NASDAQ:NANO) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,634 shares of the semiconductor company’s stock at the close of the second quarter. Nationwide Fund Advisors owned approximately 0.08% of Nanometrics worth $497,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in NANO. Pacad Investment Ltd. purchased a new position in shares of Nanometrics during the second quarter valued at $106,000. State of Alaska Department of Revenue increased its stake in shares of Nanometrics by 79.4% during the second quarter. State of Alaska Department of Revenue now owns 4,988 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 2,208 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Nanometrics by 63.8% during the second quarter. BNP Paribas Arbitrage SA now owns 7,883 shares of the semiconductor company’s stock valued at $199,000 after buying an additional 3,071 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in Nanometrics by 29.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 7,000 shares of the semiconductor company’s stock valued at $213,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in Nanometrics during the second quarter valued at about $217,000. Hedge funds and other institutional investors own 81.35% of the company’s stock.
Shares of Nanometrics Incorporated (NASDAQ NANO) opened at $28.07 on Friday. The stock has a market cap of $719.23 million, a price-to-earnings ratio of 27.13, a PEG ratio of 2.04 and a beta of 1.81.
Nanometrics (NASDAQ:NANO) last posted its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Nanometrics had a net margin of 19.23% and a return on equity of 10.46%. The company had revenue of $56.70 million for the quarter, compared to analyst estimates of $56.53 million. During the same period in the prior year, the firm posted $0.33 EPS. The company’s quarterly revenue was down 3.4% on a year-over-year basis. equities analysts forecast that Nanometrics Incorporated will post 1.15 EPS for the current year.
In other news, CEO Timothy J. Stultz sold 20,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 300,651 shares of the company’s stock, valued at approximately $7,573,398.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jeff Andreson sold 7,233 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $27.11, for a total transaction of $196,086.63. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,738 shares of company stock worth $1,850,540. Insiders own 6.70% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Benchmark Co. reaffirmed a “buy” rating and set a $34.00 price objective on shares of Nanometrics in a research report on Friday, October 13th. BidaskClub downgraded Nanometrics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research raised Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $31.67.
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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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