Royce & Associates LP reduced its position in shares of Nanometrics Incorporated (NASDAQ:NANO) by 14.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,227,979 shares of the semiconductor company’s stock after selling 206,968 shares during the period. Royce & Associates LP owned about 4.85% of Nanometrics worth $31,056,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Nanometrics by 81,374.7% in the first quarter. BlackRock Inc. now owns 3,091,965 shares of the semiconductor company’s stock worth $94,182,000 after buying an additional 3,088,170 shares during the period. Credit Agricole S A purchased a new position in shares of Nanometrics during the first quarter worth approximately $3,813,000. Hood River Capital Management LLC increased its position in shares of Nanometrics by 79.5% in the first quarter. Hood River Capital Management LLC now owns 510,485 shares of the semiconductor company’s stock worth $15,549,000 after buying an additional 226,118 shares during the period. Renaissance Technologies LLC increased its position in shares of Nanometrics by 23.2% in the first quarter. Renaissance Technologies LLC now owns 923,600 shares of the semiconductor company’s stock worth $28,133,000 after buying an additional 174,100 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Nanometrics by 13.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,213,933 shares of the semiconductor company’s stock worth $36,976,000 after buying an additional 142,005 shares during the period. Hedge funds and other institutional investors own 81.32% of the company’s stock.

Shares of Nanometrics Incorporated (NASDAQ NANO) opened at 25.13 on Monday. The company has a market cap of $640.69 million, a P/E ratio of 13.37 and a beta of 1.73. The stock’s 50 day moving average price is $26.19 and its 200 day moving average price is $27.59. Nanometrics Incorporated has a 1-year low of $18.65 and a 1-year high of $32.42.

Nanometrics (NASDAQ:NANO) last posted its earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.01. Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. The business had revenue of $64.43 million during the quarter, compared to analyst estimates of $66.37 million. During the same quarter in the prior year, the company earned $0.26 EPS. The company’s revenue was up 15.5% on a year-over-year basis. Equities research analysts forecast 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. Zacks Investment Research downgraded Nanometrics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Benchmark Co. restated a “buy” rating and issued a $34.00 target price (up previously 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 boosted 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. Finally, BidaskClub downgraded Nanometrics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $31.50.

In related news, Director Bruce C. Rhine sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $29.47, for a total value of $294,700.00. Following the sale, the director now owns 736,561 shares in the company, valued at approximately $21,706,452.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy J. Stultz sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $25.19, for a total transaction of $503,800.00. Following the completion of the sale, the chief executive officer now owns 300,651 shares in the company, valued at approximately $7,573,398.69. The disclosure for this sale can be found here. Insiders sold a total of 72,040 shares of company stock worth $1,914,610 in the last 90 days. 6.70% of the stock is currently owned by company insiders.

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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