Engineers Gate Manager LP Acquires 6,388 Shares of Nanometrics Incorporated (NANO)

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Engineers Gate Manager LP grew its holdings in Nanometrics Incorporated (NASDAQ:NANO) by 13.4% in the third quarter, Holdings Channel reports. The institutional investor owned 54,180 shares of the semiconductor company’s stock after buying an additional 6,388 shares during the quarter. Engineers Gate Manager LP’s holdings in Nanometrics were worth $2,033,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Alps Advisors Inc. raised its position in shares of Nanometrics by 12.1% in the second quarter. Alps Advisors Inc. now owns 17,875 shares of the semiconductor company’s stock valued at $445,000 after buying an additional 1,929 shares during the last quarter. IMA Wealth Inc. grew its holdings in shares of Nanometrics by 3.2% in the third quarter. IMA Wealth Inc. now owns 78,794 shares of the semiconductor company’s stock valued at $2,956,000 after purchasing an additional 2,421 shares during the period. Legal & General Group Plc grew its holdings in shares of Nanometrics by 5.7% in the second quarter. Legal & General Group Plc now owns 46,817 shares of the semiconductor company’s stock valued at $1,664,000 after purchasing an additional 2,506 shares during the period. Northern Trust Corp grew its holdings in shares of Nanometrics by 0.9% in the first quarter. Northern Trust Corp now owns 296,012 shares of the semiconductor company’s stock valued at $7,962,000 after purchasing an additional 2,579 shares during the period. Finally, Creative Planning grew its holdings in shares of Nanometrics by 29.5% in the second quarter. Creative Planning now owns 11,910 shares of the semiconductor company’s stock valued at $422,000 after purchasing an additional 2,710 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Shares of NANO opened at $32.77 on Wednesday. Nanometrics Incorporated has a 12-month low of $22.08 and a 12-month high of $48.26. The stock has a market capitalization of $811.22 million, a P/E ratio of 14.08, a PEG ratio of 1.24 and a beta of 1.79.

Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. Nanometrics had a net margin of 17.32% and a return on equity of 21.49%. The firm had revenue of $76.60 million during the quarter, compared to analyst estimates of $74.43 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Nanometrics’s quarterly revenue was up 35.1% on a year-over-year basis. As a group, research analysts expect that Nanometrics Incorporated will post 2.24 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on NANO shares. DA Davidson lowered shares of Nanometrics from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a report on Thursday, August 16th. They noted that the move was a valuation call. Benchmark reissued a “buy” rating and issued a $43.00 price objective on shares of Nanometrics in a report on Friday, October 5th. ValuEngine raised shares of Nanometrics from a “sell” rating to a “hold” rating in a report on Friday, October 12th. BidaskClub lowered shares of Nanometrics from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Finally, Stifel Nicolaus raised shares of Nanometrics from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.00.

In other Nanometrics news, General Counsel Janet Therese Taylor sold 2,305 shares of the stock in a transaction dated 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 of the company’s stock, valued at $1,480,247.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy J. Stultz sold 30,000 shares of the stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $41.95, for a total transaction of $1,258,500.00. Following the transaction, the director now directly owns 281,221 shares of the company’s stock, valued at approximately $11,797,220.95. The disclosure for this sale can be found here. Insiders sold 61,661 shares of company stock valued at $2,602,226 in the last three months. 6.90% of the stock is currently owned by insiders.

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About Nanometrics

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.

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Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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