Nanometrics Incorporated (NANO) Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in Nanometrics Incorporated (NASDAQ:NANO) by 4.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,442,355 shares of the semiconductor company’s stock after purchasing an additional 67,827 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.06% of Nanometrics worth $41,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Nanometrics by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,316,237 shares of the semiconductor company’s stock valued at $33,287,000 after buying an additional 37,840 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of Nanometrics by 3.5% in the 3rd quarter. Peregrine Capital Management LLC now owns 568,982 shares of the semiconductor company’s stock valued at $16,387,000 after buying an additional 19,388 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Nanometrics by 9.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,011,500 shares of the semiconductor company’s stock valued at $25,581,000 after buying an additional 87,900 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Nanometrics by 21.7% in the 2nd quarter. Citigroup Inc. now owns 27,322 shares of the semiconductor company’s stock valued at $691,000 after buying an additional 4,865 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Nanometrics by 26.8% in the 2nd quarter. Voya Investment Management LLC now owns 54,022 shares of the semiconductor company’s stock valued at $1,366,000 after buying an additional 11,427 shares during the last quarter. 83.17% of the stock is owned by institutional investors.

Shares of Nanometrics Incorporated (NASDAQ:NANO) opened at $25.21 on Thursday. Nanometrics Incorporated has a 12 month low of $23.73 and a 12 month high of $32.42. The firm has a market capitalization of $645.24, a price-to-earnings ratio of 14.08, a P/E/G ratio of 1.35 and a beta of 1.75.

Nanometrics (NASDAQ:NANO) last posted its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Nanometrics had a return on equity of 10.26% and a net margin of 19.23%. The business had revenue of $56.70 million for the quarter, compared to analysts’ expectations of $56.53 million. During the same quarter in the prior year, the business earned $0.33 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. equities analysts forecast that Nanometrics Incorporated will post 1.16 earnings per share for the current year.

Nanometrics announced that its board has authorized a share repurchase plan on Wednesday, November 15th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

A number of equities research analysts recently weighed in on the company. Benchmark restated a “buy” rating and issued a $34.00 price target on shares of Nanometrics in a research note on Friday, October 13th. BidaskClub upgraded Nanometrics from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Finally, Zacks Investment Research upgraded Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th.

In related news, CEO Timothy J. Stultz sold 14,166 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $25.93, for a total value of $367,324.38. Following the sale, the chief executive officer now owns 294,817 shares in the company, valued at approximately $7,644,604.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 14,781 shares of company stock worth $382,656. 6.70% of the stock is owned by company insiders.

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Nanometrics Profile

Nanometrics Incorporated is a provider of process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, including sensors, optoelectronic devices, high-brightness (HB) light emitting diodes (LEDs), discretes and data storages components.

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Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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