Crossmark Global Holdings Inc. Acquires New Position in Nanometrics Incorporated (NANO)
Crossmark Global Holdings Inc. acquired a new stake in Nanometrics Incorporated (NASDAQ:NANO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,213 shares of the semiconductor company’s stock, valued at approximately $438,000. Crossmark Global Holdings Inc. owned 0.06% of Nanometrics as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. BlackRock Inc. raised its stake in Nanometrics by 81,374.7% in the first quarter. BlackRock Inc. now owns 3,091,965 shares of the semiconductor company’s stock valued at $94,182,000 after buying an additional 3,088,170 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Nanometrics by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,374,528 shares of the semiconductor company’s stock valued at $34,762,000 after purchasing an additional 160,595 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Nanometrics by 3.0% in the second quarter. Vanguard Group Inc. now owns 1,316,237 shares of the semiconductor company’s stock valued at $33,287,000 after purchasing an additional 37,840 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Nanometrics by 9.5% in the second quarter. Renaissance Technologies LLC now owns 1,011,500 shares of the semiconductor company’s stock valued at $25,581,000 after purchasing an additional 87,900 shares during the last quarter. Finally, Hood River Capital Management LLC grew its position in shares of Nanometrics by 72.5% in the second quarter. Hood River Capital Management LLC now owns 880,612 shares of the semiconductor company’s stock valued at $22,271,000 after purchasing an additional 370,127 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.
Several equities analysts have recently commented on the company. Zacks Investment Research raised Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Benchmark Co. reaffirmed a “buy” rating and issued a $34.00 target price on shares of Nanometrics in a research report on Friday, October 13th. Finally, BidaskClub downgraded Nanometrics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $31.67.
In related news, CEO Timothy J. Stultz sold 14,166 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $25.93, for a total transaction of $367,324.38. Following the sale, the chief executive officer now owns 294,817 shares of the company’s stock, valued at $7,644,604.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Janet Therese Taylor sold 2,505 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $25.65, for a total value of $64,253.25. Following the sale, the general counsel now directly owns 35,833 shares in the company, valued at approximately $919,116.45. The disclosure for this sale can be found here. Insiders have sold 63,904 shares of company stock worth $1,714,064 in the last three months. 6.70% of the stock is currently owned by company insiders.
Nanometrics Incorporated (NASDAQ NANO) opened at $27.62 on Wednesday. Nanometrics Incorporated has a 12-month low of $22.23 and a 12-month high of $32.42. The company has a market capitalization of $695.15, a P/E ratio of 26.11, a PEG ratio of 1.95 and a beta of 1.81.
Nanometrics (NASDAQ:NANO) last posted its earnings results on Thursday, November 2nd. The semiconductor company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $56.70 million for the quarter, compared to the consensus estimate of $56.53 million. Nanometrics had a return on equity of 10.26% and a net margin of 19.23%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. equities research analysts predict that Nanometrics Incorporated will post 1.16 earnings per share for the current fiscal year.
Nanometrics announced that its Board of Directors has initiated a share buyback program on Wednesday, November 15th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
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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