6 Meridian bought a new position in Nanometrics Incorporated (NASDAQ:NANO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,462 shares of the semiconductor company’s stock, valued at approximately $264,000.
Several other hedge funds also recently bought and sold shares of the company. Sei Investments Co. raised its holdings in Nanometrics by 12,967.9% in the 2nd quarter. Sei Investments Co. now owns 3,659 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 3,631 shares during the last quarter. SG Americas Securities LLC bought a new position in Nanometrics in the 1st quarter valued at approximately $115,000. Advisors Preferred LLC bought a new position in Nanometrics in the 2nd quarter valued at approximately $167,000. Piedmont Investment Advisors LLC bought a new position in Nanometrics in the 2nd quarter valued at approximately $196,000. Finally, Pinebridge Investments L.P. bought a new position in Nanometrics in the 2nd quarter valued at approximately $198,000. 85.13% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ NANO opened at $42.54 on Thursday. The company has a market capitalization of $1.06 billion, a P/E ratio of 34.72, a price-to-earnings-growth ratio of 1.59 and a beta of 1.82. Nanometrics Incorporated has a 1 year low of $22.08 and a 1 year high of $48.26.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. Nanometrics had a net margin of 16.55% and a return on equity of 19.74%. The business had revenue of $88.60 million during the quarter, compared to analyst estimates of $86.53 million. During the same quarter last year, the business earned $0.30 EPS. The firm’s quarterly revenue was up 37.5% on a year-over-year basis. equities analysts expect that Nanometrics Incorporated will post 2.3 earnings per share for the current year.
In other Nanometrics news, General Counsel Janet Therese Taylor sold 2,305 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $44.78, for a total transaction of $103,217.90. Following the completion of the transaction, the general counsel now owns 33,056 shares in the company, valued at approximately $1,480,247.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Rollin Kocher sold 720 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $35.32, for a total transaction of $25,430.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,783 shares of company stock valued at $2,814,864. Company insiders own 6.90% of the company’s stock.
A number of research analysts recently issued reports on NANO shares. BidaskClub upgraded shares of Nanometrics from a “hold” rating to a “buy” rating in a report on Saturday, May 19th. DA Davidson raised their price objective on shares of Nanometrics to $42.00 and gave the company a “buy” rating in a report on Monday, July 2nd. Benchmark raised their price objective on shares of Nanometrics to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Stifel Nicolaus lowered shares of Nanometrics from a “buy” rating to a “hold” rating and raised their price objective for the company from $35.00 to $40.00 in a report on Monday, May 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Nanometrics from a “buy” rating to a “hold” rating in a report on Thursday, July 5th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $35.50.
Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.
Read More: Understanding Price to Earnings Ratio (PE)
Want to see what other hedge funds are holding NANO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nanometrics Incorporated (NASDAQ:NANO).
Receive News & Ratings for Nanometrics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nanometrics and related companies with MarketBeat.com's FREE daily email newsletter.