Teachers Advisors LLC Buys 356,109 Shares of Nanometrics Incorporated (NANO)
Teachers Advisors LLC lifted its stake in Nanometrics Incorporated (NASDAQ:NANO) by 892.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 396,002 shares of the semiconductor company’s stock after purchasing an additional 356,109 shares during the period. Teachers Advisors LLC owned 1.56% of Nanometrics worth $10,015,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in shares of Nanometrics by 1.9% during the first quarter. Wells Fargo & Company MN now owns 16,780 shares of the semiconductor company’s stock worth $511,000 after purchasing an additional 316 shares during the period. Great West Life Assurance Co. Can increased its holdings in Nanometrics by 10.0% in the first quarter. Great West Life Assurance Co. Can now owns 36,141 shares of the semiconductor company’s stock valued at $1,099,000 after purchasing an additional 3,274 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Nanometrics by 10.7% in the first quarter. Bank of New York Mellon Corp now owns 839,815 shares of the semiconductor company’s stock valued at $25,580,000 after purchasing an additional 81,174 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake 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 buying an additional 626 shares during the period. Finally, Comerica Bank lifted its stake in Nanometrics by 5.7% in the first quarter. Comerica Bank now owns 27,779 shares of the semiconductor company’s stock valued at $886,000 after buying an additional 1,491 shares during the period. Institutional investors and hedge funds own 81.28% of the company’s stock.
In other news, CFO Jeff Andreson sold 7,233 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $26.30, for a total transaction of $526,000.00. Following the transaction, the chief executive officer now directly owns 300,651 shares of the company’s stock, valued at approximately $7,907,121.30. The disclosure for this sale can be found here. Insiders sold a total of 69,738 shares of company stock worth $1,813,540 in the last 90 days. Corporate insiders own 6.70% of the company’s stock.
Shares of Nanometrics Incorporated (NASDAQ:NANO) opened at 29.14 on Tuesday. Nanometrics Incorporated has a 12-month low of $18.65 and a 12-month high of $32.42. The firm has a market capitalization of $742.92 million, a price-to-earnings ratio of 15.50 and a beta of 1.80. The firm has a 50-day moving average of $26.39 and a 200 day moving average of $27.45.
Nanometrics (NASDAQ:NANO) last released its earnings results 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). Nanometrics had a net margin of 19.94% and a return on equity of 11.95%. The firm had revenue of $64.43 million for the quarter, compared to analyst estimates of $66.37 million. During the same period in the prior year, the company posted $0.26 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts expect that Nanometrics Incorporated will post $1.20 earnings per share for the current year.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Nanometrics from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub lowered Nanometrics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Benchmark Co. reaffirmed a “buy” rating and issued a $34.00 price target on shares of Nanometrics in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus raised Nanometrics from a “hold” rating to a “buy” rating and upped 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.50.
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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