Bank of Montreal Can Acquires 7,686 Shares of Nanometrics Incorporated (NANO)

Bank of Montreal Can boosted its holdings in Nanometrics Incorporated (NASDAQ:NANO) by 14.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,381 shares of the semiconductor company’s stock after purchasing an additional 7,686 shares during the period. Bank of Montreal Can’s holdings in Nanometrics were worth $2,303,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Northern Trust Corp lifted its stake in Nanometrics by 6.2% in the second quarter. Northern Trust Corp now owns 314,382 shares of the semiconductor company’s stock worth $11,132,000 after purchasing an additional 18,370 shares during the last quarter. Millennium Management LLC increased its position in shares of Nanometrics by 464.1% in the second quarter. Millennium Management LLC now owns 634,398 shares of the semiconductor company’s stock valued at $22,464,000 after acquiring an additional 521,938 shares during the period. Zacks Investment Management purchased a new position in shares of Nanometrics in the second quarter valued at about $1,293,000. Sensato Investors LLC purchased a new position in shares of Nanometrics in the second quarter valued at about $1,851,000. Finally, Paloma Partners Management Co purchased a new position in shares of Nanometrics in the second quarter valued at about $514,000. 85.10% of the stock is owned by institutional investors and hedge funds.

In related news, General Counsel Janet Therese Taylor sold 2,305 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $44.78, for a total transaction of $103,217.90. Following the transaction, the general counsel now owns 33,056 shares in the company, valued at $1,480,247.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy J. Stultz sold 20,000 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $41.91, for a total transaction of $838,200.00. Following the transaction, the director now owns 281,221 shares in the company, valued at approximately $11,785,972.11. The disclosure for this sale can be found here. Insiders have sold 31,661 shares of company stock worth $1,343,726 in the last quarter. 6.90% of the stock is owned by corporate insiders.

NANO stock opened at $32.69 on Friday. Nanometrics Incorporated has a 12-month low of $22.08 and a 12-month high of $48.26. The stock has a market capitalization of $793.54 million, a price-to-earnings ratio of 26.58, a PEG ratio of 1.22 and a beta of 1.79.

Nanometrics (NASDAQ:NANO) last released its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Nanometrics had a net margin of 17.32% and a return on equity of 21.49%. The firm had revenue of $76.60 million for the quarter, compared to analysts’ expectations of $74.43 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. As a group, equities research analysts expect that Nanometrics Incorporated will post 2.24 EPS for the current fiscal year.

A number of research firms have issued reports on NANO. DA Davidson cut shares of Nanometrics from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research report on Thursday, August 16th. They noted that the move was a valuation call. BidaskClub cut shares of Nanometrics from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. ValuEngine upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Benchmark boosted their price objective on shares of Nanometrics to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research cut shares of Nanometrics from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Nanometrics presently has a consensus rating of “Hold” and an average price target of $34.00.

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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.

Further Reading: The Discount Rate – What You Need to Know

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Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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