Landscape Capital Management L.L.C. purchased a new stake in Nanometrics Incorporated (NASDAQ:NANO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,215 shares of the semiconductor company’s stock, valued at approximately $329,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Nanometrics in the third quarter valued at $158,000. Teacher Retirement System of Texas purchased a new stake in Nanometrics in the fourth quarter valued at $209,000. Municipal Employees Retirement System of Michigan lifted its position in Nanometrics by 40.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,330 shares of the semiconductor company’s stock valued at $355,000 after acquiring an additional 3,540 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Nanometrics by 70.2% in the third quarter. BNP Paribas Arbitrage SA now owns 13,419 shares of the semiconductor company’s stock valued at $386,000 after acquiring an additional 5,536 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Nanometrics in the third quarter valued at $438,000. 85.73% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Timothy J. Stultz sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $27.77, for a total value of $555,400.00. Following the completion of the sale, the director now directly owns 332,087 shares of the company’s stock, valued at $9,222,055.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Rollin Kocher sold 1,807 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $24.54, for a total transaction of $44,343.78. Following the completion of the sale, the senior vice president now directly owns 28,331 shares of the company’s stock, valued at $695,242.74. The disclosure for this sale can be found here. Insiders sold 61,088 shares of company stock valued at $1,635,843 over the last ninety days. Corporate insiders own 6.70% of the company’s stock.
Nanometrics (NASDAQ:NANO) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Nanometrics had a net margin of 11.68% and a return on equity of 12.05%. The business had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $76.95 million. During the same period in the prior year, the company earned $0.33 earnings per share. The business’s revenue was up 32.1% compared to the same quarter last year. analysts anticipate that Nanometrics Incorporated will post 1.66 EPS for the current fiscal year.
Nanometrics announced that its Board of Directors has approved a share repurchase plan on Wednesday, November 15th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
A number of equities research analysts recently weighed in on NANO shares. BidaskClub cut shares of Nanometrics from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. Finally, Benchmark reissued a “buy” rating and issued a $33.00 price target (down from $34.00) on shares of Nanometrics in a research report on Wednesday, February 7th.
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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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