Virginia Retirement Systems ET AL purchased a new stake in Nanometrics Incorporated (NASDAQ:NANO) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,600 shares of the semiconductor company’s stock, valued at approximately $217,000.

Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings 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 valued at $126,000 after acquiring an additional 2,208 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in 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 acquiring an additional 626 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in 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 acquiring an additional 5,005 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in 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 acquiring an additional 438 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in Nanometrics by 29.6% in 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 acquiring an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.

Nanometrics Incorporated (NANO) opened at 26.01 on Tuesday. Nanometrics Incorporated has a 12-month low of $18.65 and a 12-month high of $32.42. The company has a 50-day moving average price of $25.87 and a 200 day moving average price of $27.55. The company has a market cap of $663.12 million, a PE ratio of 13.84 and a beta of 1.74.

Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data 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. The firm had revenue of $64.43 million for the quarter, compared to the consensus estimate of $66.37 million. Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. The company’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. On average, analysts forecast that Nanometrics Incorporated will post $1.20 EPS for the current fiscal year.

NANO has been the topic of several recent research reports. Stifel Nicolaus upgraded Nanometrics from a “hold” rating to a “buy” rating and raised their price target for the company from $29.00 to $31.00 in a report on Friday, June 16th. They noted that the move was a valuation call. BidaskClub cut Nanometrics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Benchmark Co. reiterated a “buy” rating and issued a $34.00 price target on shares of Nanometrics in a report on Wednesday, August 2nd. Finally, Zacks Investment Research cut Nanometrics from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.50.

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In related news, General Counsel Janet Therese Taylor sold 2,505 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $25.65, for a total transaction of $64,253.25. Following the sale, the general counsel now owns 35,833 shares in the company, valued at approximately $919,116.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy J. Stultz sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $25.19, for a total value of $503,800.00. Following 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 have sold a total of 44,545 shares of company stock worth $1,145,563 in the last 90 days. 6.70% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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