Renaissance Technologies LLC raised its stake in Nanometrics Incorporated (NASDAQ:NANO) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 944,910 shares of the semiconductor company’s stock after acquiring an additional 19,610 shares during the quarter. Renaissance Technologies LLC owned about 3.91% of Nanometrics worth $33,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Flinton Capital Management LLC increased its position in Nanometrics by 32.1% in the 1st quarter. Flinton Capital Management LLC now owns 6,018 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 1,462 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of Nanometrics by 12.1% in the 2nd quarter. Alps Advisors Inc. now owns 17,875 shares of the semiconductor company’s stock valued at $445,000 after purchasing an additional 1,929 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Nanometrics by 5.7% in the 2nd quarter. Legal & General Group Plc now owns 46,817 shares of the semiconductor company’s stock valued at $1,664,000 after purchasing an additional 2,506 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Nanometrics by 0.9% in the 1st quarter. Northern Trust Corp now owns 296,012 shares of the semiconductor company’s stock valued at $7,962,000 after purchasing an additional 2,579 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Nanometrics by 29.5% in the 2nd quarter. Creative Planning now owns 11,910 shares of the semiconductor company’s stock valued at $422,000 after purchasing an additional 2,710 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Shares of NASDAQ NANO opened at $36.81 on Tuesday. The stock has a market capitalization of $888.23 million, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.33 and a beta of 1.82. Nanometrics Incorporated has a 1 year low of $22.08 and a 1 year high of $48.26.

Nanometrics (NASDAQ:NANO) last issued its earnings results on Tuesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. The company had revenue of $88.60 million for the quarter, compared to analyst estimates of $86.53 million. Nanometrics had a net margin of 16.55% and a return on equity of 19.74%. The company’s revenue for the quarter was up 37.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. sell-side analysts expect that Nanometrics Incorporated will post 2.3 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on NANO shares. DA Davidson raised their target price on shares of Nanometrics to $42.00 and gave the company a “buy” rating in a research note on Monday, July 2nd. Benchmark raised their target price on shares of Nanometrics to $43.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. BidaskClub raised shares of Nanometrics from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Stifel Nicolaus lowered shares of Nanometrics from a “buy” rating to a “hold” rating and raised their target price for the company from $35.00 to $40.00 in a research note on Monday, May 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Nanometrics from a “buy” rating to a “hold” rating in a research note on Thursday, July 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $35.50.

In related news, SVP Rollin Kocher sold 720 shares of Nanometrics stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $35.32, for a total transaction of $25,430.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bruce C. Rhine sold 3,655 shares of Nanometrics stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $42.65, for a total transaction of $155,885.75. Following the transaction, the director now directly owns 693,418 shares in the company, valued at approximately $29,574,277.70. The disclosure for this sale can be found here. Insiders have sold a total of 66,783 shares of company stock worth $2,814,864 in the last three months. 6.90% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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