KBC Group NV decreased its position in shares of Nanometrics Incorporated (NASDAQ:NANO) by 41.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,290 shares of the semiconductor company’s stock after selling 19,630 shares during the quarter. KBC Group NV owned 0.11% of Nanometrics worth $947,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of NANO. Virginia Retirement Systems ET AL grew its holdings in shares of Nanometrics by 5.2% during the first quarter. Virginia Retirement Systems ET AL now owns 12,200 shares of the semiconductor company’s stock valued at $377,000 after buying an additional 600 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Nanometrics by 154.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,744 shares of the semiconductor company’s stock valued at $239,000 after acquiring an additional 4,698 shares during the last quarter. Arizona State Retirement System increased its holdings in Nanometrics by 1.2% in the 1st quarter. Arizona State Retirement System now owns 37,739 shares of the semiconductor company’s stock valued at $1,165,000 after acquiring an additional 447 shares during the last quarter. SG Americas Securities LLC increased its holdings in Nanometrics by 49.4% in the 1st quarter. SG Americas Securities LLC now owns 22,885 shares of the semiconductor company’s stock valued at $707,000 after acquiring an additional 7,563 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Nanometrics in the 1st quarter valued at $613,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.
NASDAQ NANO traded down $0.41 during trading on Friday, hitting $31.00. 2,390 shares of the company’s stock traded hands, compared to its average volume of 158,449. Nanometrics Incorporated has a 12-month low of $25.52 and a 12-month high of $38.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.34 and a quick ratio of 4.01. The stock has a fifty day moving average of $29.48 and a two-hundred day moving average of $31.09. The firm has a market cap of $728.96 million, a P/E ratio of 13.25 and a beta of 1.64.
Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.21 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The firm had revenue of $67.62 million for the quarter, compared to the consensus estimate of $65.38 million. Nanometrics had a net margin of 10.58% and a return on equity of 10.97%. The company’s revenue was down 23.7% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. As a group, analysts expect that Nanometrics Incorporated will post 1.38 earnings per share for the current fiscal year.
In other Nanometrics news, Director Timothy J. Stultz sold 12,014 shares of Nanometrics stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $35.17, for a total transaction of $422,532.38. Following the completion of the sale, the director now directly owns 239,263 shares in the company, valued at $8,414,879.71. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy J. Stultz sold 47,986 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $35.04, for a total transaction of $1,681,429.44. Following the completion of the transaction, the director now directly owns 257,249 shares of the company’s stock, valued at approximately $9,014,004.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,725 shares of company stock valued at $2,129,533. 6.10% of the stock is owned by corporate insiders.
Several equities research analysts have issued reports on NANO shares. BidaskClub raised shares of Nanometrics from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine raised shares of Nanometrics from a “hold” rating to a “buy” rating in a report on Thursday. Benchmark reiterated a “buy” rating and issued a $39.00 price objective on shares of Nanometrics in a research report on Wednesday, July 31st. Zacks Investment Research upgraded Nanometrics from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, B. Riley started coverage on Nanometrics in a research note on Wednesday, June 19th. They set a “buy” rating and a $41.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Nanometrics currently has an average rating of “Buy” and a consensus price target of $40.00.
Nanometrics Company 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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