Nanometrics Incorporated (NANO) Holdings Reduced by Paloma Partners Management Co

Paloma Partners Management Co cut its position in Nanometrics Incorporated (NASDAQ:NANO) by 44.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,982 shares of the semiconductor company’s stock after selling 7,181 shares during the period. Paloma Partners Management Co’s holdings in Nanometrics were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Penserra Capital Management LLC grew its position in shares of Nanometrics by 64.2% in the 4th quarter. Penserra Capital Management LLC now owns 1,563 shares of the semiconductor company’s stock worth $42,000 after buying an additional 611 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Nanometrics by 126.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,273 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 1,268 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in Nanometrics during the 4th quarter worth approximately $69,000. Advisors Asset Management Inc. grew its position in Nanometrics by 68.8% during the 4th quarter. Advisors Asset Management Inc. now owns 2,879 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 1,173 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in Nanometrics during the 4th quarter worth approximately $106,000. 85.66% of the stock is owned by hedge funds and other institutional investors.

In other Nanometrics news, Director Timothy J. Stultz sold 17,667 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $30.13, for a total transaction of $532,306.71. Following the completion of the transaction, the director now directly owns 253,208 shares in the company, valued at $7,629,157.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy J. Stultz sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $28.68, for a total transaction of $860,400.00. Following the sale, the director now directly owns 243,208 shares of the company’s stock, valued at approximately $6,975,205.44. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Several research firms have weighed in on NANO. Zacks Investment Research raised shares of Nanometrics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Needham & Company LLC began coverage on shares of Nanometrics in a research report on Tuesday, April 16th. They set a “buy” rating and a $37.00 target price on the stock. Benchmark restated a “buy” rating and set a $36.00 price objective on shares of Nanometrics in a research note on Wednesday, February 6th. BidaskClub cut shares of Nanometrics from a “sell” rating to a “strong sell” rating in a research note on Friday, March 1st. Finally, ValuEngine upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.60.

Shares of NANO traded down $0.57 during trading hours on Friday, hitting $31.89. The stock had a trading volume of 110,939 shares, compared to its average volume of 144,967. Nanometrics Incorporated has a fifty-two week low of $24.74 and a fifty-two week high of $48.26. The stock has a market cap of $782.42 million, a P/E ratio of 13.46, a P/E/G ratio of 2.10 and a beta of 1.69.

Nanometrics (NASDAQ:NANO) last posted its earnings results on Tuesday, February 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.14. The firm had revenue of $77.00 million during the quarter, compared to analysts’ expectations of $72.65 million. Nanometrics had a net margin of 17.76% and a return on equity of 20.36%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. Analysts forecast that Nanometrics Incorporated will post 1.27 earnings per share for the current fiscal year.

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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, 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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