17,000 Shares in Nanometrics Incorporated (NANO) Purchased by Teton Advisors Inc.

Teton Advisors Inc. purchased a new stake in Nanometrics Incorporated (NASDAQ:NANO) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,000 shares of the semiconductor company’s stock, valued at approximately $525,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Penserra Capital Management LLC boosted its holdings in Nanometrics by 64.2% in the 4th 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. boosted its holdings in Nanometrics by 126.2% in the 4th 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 bought a new stake in Nanometrics in the 4th quarter valued at about $69,000. Advisors Asset Management Inc. boosted its holdings in Nanometrics by 68.8% in the 4th 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 bought a new stake in Nanometrics in the 4th quarter valued at about $106,000. Institutional investors and hedge funds own 85.50% of the company’s stock.

In other news, Director Timothy J. Stultz sold 17,667 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 253,208 shares of the company’s stock, valued at approximately $7,629,157.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy J. Stultz sold 30,000 shares of the company’s stock in a transaction that occurred 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.

Shares of Nanometrics stock opened at $33.43 on Friday. Nanometrics Incorporated has a 1-year low of $25.52 and a 1-year high of $48.26. The company has a market cap of $822.66 million, a PE ratio of 14.11, a PEG ratio of 2.02 and a beta of 1.63.

Nanometrics (NASDAQ:NANO) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.19 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $67.10 million for the quarter, compared to the consensus estimate of $64.82 million. During the same period last year, the company posted $0.67 EPS. The business’s revenue was down 18.5% on a year-over-year basis. On average, research analysts forecast that Nanometrics Incorporated will post 1.41 earnings per share for the current year.

A number of analysts have issued reports on the stock. ValuEngine raised shares of Nanometrics from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research raised shares of Nanometrics from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Tuesday. Needham & Company LLC assumed coverage on shares of Nanometrics in a report on Tuesday, April 16th. They issued a “buy” rating and a $37.00 price objective for the company. Benchmark reissued a “buy” rating and issued a $36.00 price objective on shares of Nanometrics in a report on Wednesday, February 6th. Finally, DA Davidson raised shares of Nanometrics from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $32.00 to $40.00 in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus 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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