BNP Paribas Arbitrage SA grew its position in Nanometrics Incorporated (NASDAQ:NANO) by 154.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,744 shares of the semiconductor company’s stock after purchasing an additional 4,698 shares during the period. BNP Paribas Arbitrage SA’s holdings in Nanometrics were worth $239,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in NANO. Penserra Capital Management LLC grew its holdings in Nanometrics by 64.2% during the fourth quarter. Penserra Capital Management LLC now owns 1,563 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 611 shares during the period. PNC Financial Services Group Inc. grew its holdings in Nanometrics by 126.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,273 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 1,268 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in Nanometrics during the fourth quarter worth about $69,000. Advisors Asset Management Inc. grew its holdings in Nanometrics by 68.8% during the fourth quarter. Advisors Asset Management Inc. now owns 2,879 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 1,173 shares during the period. Finally, Quantamental Technologies LLC acquired a new stake in Nanometrics during the fourth quarter worth about $106,000. 88.25% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on NANO shares. Benchmark reaffirmed a “buy” rating and set a $36.00 target price on shares of Nanometrics in a report on Wednesday, February 6th. Zacks Investment Research raised Nanometrics from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Thursday, February 7th. BidaskClub lowered Nanometrics from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. Needham & Company LLC started coverage on Nanometrics in a report on Tuesday, April 16th. They issued a “buy” rating and a $37.00 price objective on the stock. Finally, DA Davidson raised Nanometrics from a “neutral” rating to a “buy” rating and raised their price objective for the company from $32.00 to $40.00 in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $39.20.
In other Nanometrics news, Director Timothy J. Stultz sold 30,000 shares of the firm’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 value of $860,400.00. Following the sale, the director now directly owns 243,208 shares of the company’s stock, valued at $6,975,205.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.10% of the stock is currently owned by company insiders.
Shares of NANO opened at $29.51 on Friday. The company has a current ratio of 5.24, a quick ratio of 3.98 and a debt-to-equity ratio of 0.03. Nanometrics Incorporated has a 12 month low of $25.52 and a 12 month high of $48.26. The company has a market capitalization of $726.33 million, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.77 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 EPS for the quarter, missing the 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 analyst estimates of $64.82 million. During the same period in the previous year, the business posted $0.67 earnings per share. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. Research analysts anticipate that Nanometrics Incorporated will post 1.41 earnings per share for the current year.
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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