Bank of Montreal Can cut its position in shares of Nanometrics Incorporated (NASDAQ:NANO) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,199 shares of the semiconductor company’s stock after selling 7,182 shares during the quarter. Bank of Montreal Can owned 0.22% of Nanometrics worth $1,481,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its holdings in shares of Nanometrics by 21.2% during the fourth quarter. Meeder Asset Management Inc. now owns 5,897 shares of the semiconductor company’s stock worth $162,000 after buying an additional 1,030 shares in the last quarter. Paloma Partners Management Co grew its holdings in shares of Nanometrics by 11.4% during the third quarter. Paloma Partners Management Co now owns 16,163 shares of the semiconductor company’s stock worth $607,000 after buying an additional 1,660 shares in the last quarter. Credit Suisse AG grew its holdings in shares of Nanometrics by 6.0% during the third quarter. Credit Suisse AG now owns 31,483 shares of the semiconductor company’s stock worth $1,181,000 after buying an additional 1,790 shares in the last quarter. IMA Wealth Inc. grew its holdings in shares of Nanometrics by 3.2% during the third quarter. IMA Wealth Inc. now owns 78,794 shares of the semiconductor company’s stock worth $2,956,000 after buying an additional 2,421 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Nanometrics by 1.4% during the third quarter. American Century Companies Inc. now owns 185,953 shares of the semiconductor company’s stock worth $6,977,000 after buying an additional 2,629 shares in the last quarter. Institutional investors and hedge funds own 85.94% of the company’s stock.
NANO stock opened at $30.42 on Thursday. The company has a market capitalization of $724.79 million, a price-to-earnings ratio of 12.84, a P/E/G ratio of 1.91 and a beta of 1.73. Nanometrics Incorporated has a twelve month low of $24.74 and a twelve month high of $48.26.
Nanometrics (NASDAQ:NANO) last posted its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.14. The firm had revenue of $77.00 million during the quarter, compared to the consensus estimate of $72.65 million. Nanometrics had a return on equity of 20.36% and a net margin of 17.76%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. On average, equities research analysts predict that Nanometrics Incorporated will post 1.27 EPS for the current year.
In other news, CEO Pierre-Yves Lesaicherre sold 6,856 shares of Nanometrics stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $31.31, for a total transaction of $214,661.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Greg Swyt sold 1,794 shares of Nanometrics stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $31.05, for a total value of $55,703.70. Following the transaction, the vice president now owns 9,884 shares of the company’s stock, valued at $306,898.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,201 shares of company stock valued at $315,750. Corporate insiders own 6.90% of the company’s stock.
A number of research firms recently issued reports on NANO. Zacks Investment Research downgraded Nanometrics from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. BidaskClub upgraded Nanometrics from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 17th. Benchmark decreased their price target on Nanometrics from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Stifel Nicolaus upgraded Nanometrics from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, October 31st. Finally, ValuEngine downgraded Nanometrics from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Nanometrics has an average rating of “Hold” and a consensus target price of $32.75.
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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 worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress 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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