Arizona State Retirement System Purchases 447 Shares of Nanometrics Incorporated (NANO)

Arizona State Retirement System lifted its position in shares of Nanometrics Incorporated (NASDAQ:NANO) by 1.2% during the 1st quarter, HoldingsChannel reports. The firm owned 37,739 shares of the semiconductor company’s stock after purchasing an additional 447 shares during the quarter. Arizona State Retirement System’s holdings in Nanometrics were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in NANO. Penserra Capital Management LLC boosted its stake 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 buying an additional 611 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake 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 buying an additional 1,268 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Nanometrics in the 4th quarter valued at $69,000. Advisors Asset Management Inc. boosted its stake 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 buying an additional 1,173 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Nanometrics in the 4th quarter valued at $106,000. 85.81% of the stock is currently owned by institutional investors.

Shares of NANO opened at $33.00 on Thursday. 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 firm has a market capitalization of $809.66 million, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.89 and a beta of 1.63.



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

In other Nanometrics news, Director Timothy J. Stultz sold 17,667 shares of Nanometrics stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $30.13, for a total value of $532,306.71. Following the completion of the transaction, the director now owns 253,208 shares in the company, valued at approximately $7,629,157.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Timothy J. Stultz sold 30,000 shares of Nanometrics stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $28.68, for a total value of $860,400.00. Following the completion of the transaction, the director now 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. Insiders own 6.10% of the company’s stock.

NANO has been the topic of several recent analyst reports. Zacks Investment Research raised Nanometrics from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Tuesday, May 7th. ValuEngine raised Nanometrics from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price target (up previously from $37.00) on shares of Nanometrics in a research note on Wednesday, May 1st. DA Davidson raised Nanometrics from a “neutral” rating to a “buy” rating and boosted their price target for the company from $32.00 to $40.00 in a research note on Wednesday, May 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $36.00 price target on shares of Nanometrics in a research note on Wednesday, February 6th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Nanometrics has an average rating of “Buy” and a consensus price target of $39.20.

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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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Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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