Robeco Institutional Asset Management B.V. Has $1.84 Million Stake in Nanometrics Incorporated (NANO)

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Robeco Institutional Asset Management B.V. increased its position in Nanometrics Incorporated (NASDAQ:NANO) by 240.7% in the first quarter, Holdings Channel reports. The institutional investor owned 59,521 shares of the semiconductor company’s stock after acquiring an additional 42,050 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Nanometrics were worth $1,838,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Penserra Capital Management LLC grew its holdings in Nanometrics by 64.2% in the fourth quarter. Penserra Capital Management LLC now owns 1,563 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 611 shares during the period. PNC Financial Services Group Inc. grew its holdings in Nanometrics by 126.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,273 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 1,268 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in Nanometrics in the fourth quarter valued at approximately $69,000. Advisors Asset Management Inc. grew its holdings in Nanometrics by 68.8% in the fourth quarter. Advisors Asset Management Inc. now owns 2,879 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 1,173 shares during the period. Finally, Quantamental Technologies LLC purchased a new stake in Nanometrics in the fourth quarter valued at approximately $106,000. 85.81% of the stock is owned by institutional investors and hedge funds.

NANO opened at $31.35 on Friday. The company has a quick ratio of 3.98, a current ratio of 5.24 and a debt-to-equity ratio of 0.03. Nanometrics Incorporated has a 52-week low of $25.52 and a 52-week high of $48.26. The company has a market cap of $769.17 million, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.85 and a beta of 1.63.

Nanometrics (NASDAQ:NANO) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). Nanometrics had a return on equity of 15.43% and a net margin of 14.30%. The business had revenue of $67.10 million for the quarter, compared to analysts’ expectations of $64.82 million. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Nanometrics’s quarterly revenue was down 18.5% compared to the same quarter last year. On average, research analysts predict that Nanometrics Incorporated will post 1.41 earnings per share for the current fiscal year.

In other Nanometrics news, Director Timothy J. Stultz sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $28.68, for a total transaction of $860,400.00. Following the completion of the sale, the director now directly owns 243,208 shares in the company, valued at $6,975,205.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Timothy J. Stultz sold 17,667 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $30.13, for a total transaction of $532,306.71. Following the sale, the director now owns 253,208 shares of the company’s stock, valued at $7,629,157.04. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Tuesday, May 7th. DA Davidson upgraded shares of Nanometrics from a “neutral” rating to a “buy” rating and boosted their target price for the company from $32.00 to $40.00 in a report on Wednesday, May 1st. Benchmark restated a “buy” rating and issued a $36.00 target price on shares of Nanometrics in a report on Wednesday, February 6th. Needham & Company LLC restated a “buy” rating and issued a $42.00 target price (up from $37.00) on shares of Nanometrics in a report on Wednesday, May 1st. Finally, BidaskClub downgraded shares of Nanometrics from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $39.20.

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Nanometrics Profile

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices, and industrial and scientific applications worldwide. The company offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress metrology 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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