James Investment Research Inc. reduced its stake in shares of Nanometrics Incorporated (NASDAQ:NANO) by 27.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,990 shares of the semiconductor company’s stock after selling 12,280 shares during the period. James Investment Research Inc. owned about 0.13% of Nanometrics worth $809,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Thompson Davis & CO. Inc. bought a new stake in shares of Nanometrics during the first quarter valued at approximately $118,000. State of Alaska Department of Revenue raised its stake in shares of 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 valued at $126,000 after buying an additional 2,208 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Nanometrics by 15.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,812 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 626 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Nanometrics by 643.3% in the first quarter. LS Investment Advisors LLC now owns 5,783 shares of the semiconductor company’s stock valued at $176,000 after buying an additional 5,005 shares in the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of Nanometrics by 8.0% in the first quarter. Mason Street Advisors LLC now owns 5,883 shares of the semiconductor company’s stock valued at $179,000 after buying an additional 438 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Nanometrics Incorporated (NANO) opened at 27.49 on Monday. The firm has a 50-day moving average price of $26.77 and a 200-day moving average price of $27.54. Nanometrics Incorporated has a 1-year low of $18.65 and a 1-year high of $32.42. The firm has a market cap of $694.15 million, a price-to-earnings ratio of 15.21 and a beta of 1.73.

Nanometrics (NASDAQ:NANO) last issued its earnings results on Tuesday, May 2nd. The semiconductor company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.05. The business had revenue of $59.31 million during the quarter, compared to analyst estimates of $59.15 million. Nanometrics had a net margin of 19.71% and a return on equity of 12.17%. On average, analysts expect that Nanometrics Incorporated will post $1.23 earnings per share for the current fiscal year.

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NANO has been the topic of several recent analyst reports. Benchmark Co. reaffirmed a “buy” rating and issued a $34.00 price target (up previously from $30.00) on shares of Nanometrics in a research note on Wednesday, May 3rd. Stifel Nicolaus raised Nanometrics from a “hold” rating to a “buy” rating and boosted 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. Finally, Zacks Investment Research raised Nanometrics from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Friday, May 5th.

In other Nanometrics news, VP Kevin Heidrich sold 969 shares of the firm’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 sale, the vice president now owns 34,707 shares of the company’s stock, valued at approximately $942,295.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Timothy J. Stultz sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $26.93, for a total value of $538,600.00. Following the completion of the sale, the chief executive officer now directly 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 ninety days, insiders sold 57,124 shares of company stock worth $1,551,599. Company insiders own 6.70% of the company’s stock.

About Nanometrics

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.

Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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