Northern Trust Corp grew its stake in shares of Nanometrics Incorporated (NASDAQ:NANO) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 314,382 shares of the semiconductor company’s stock after acquiring an additional 18,370 shares during the period. Northern Trust Corp owned 1.30% of Nanometrics worth $11,132,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of NANO. Wells Fargo & Company MN grew its holdings in shares of Nanometrics by 18.4% during the 1st quarter. Wells Fargo & Company MN now owns 42,777 shares of the semiconductor company’s stock valued at $1,151,000 after acquiring an additional 6,635 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Nanometrics by 3.9% during the 1st quarter. Millennium Management LLC now owns 112,460 shares of the semiconductor company’s stock valued at $3,025,000 after acquiring an additional 4,230 shares in the last quarter. Fisher Asset Management LLC purchased a new position in shares of Nanometrics during the 2nd quarter valued at $22,344,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Nanometrics during the 2nd quarter valued at $326,000. Finally, Bank of Montreal Can grew its holdings in shares of Nanometrics by 26.8% during the 2nd quarter. Bank of Montreal Can now owns 53,695 shares of the semiconductor company’s stock valued at $1,902,000 after acquiring an additional 11,342 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.
Shares of NASDAQ:NANO opened at $32.26 on Friday. The firm has a market capitalization of $794.51 million, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 1.22 and a beta of 1.79. Nanometrics Incorporated has a 1 year low of $22.08 and a 1 year high of $48.26.
In other Nanometrics news, General Counsel Janet Therese Taylor sold 2,305 shares of the company’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 completion of the sale, the general counsel now directly owns 33,056 shares in the company, valued at $1,480,247.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy J. Stultz sold 20,000 shares of the company’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 sale, the director now owns 281,221 shares of the company’s stock, valued at $11,785,972.11. The disclosure for this sale can be found here. Insiders sold 31,661 shares of company stock valued at $1,343,726 over the last quarter. 6.90% of the stock is currently owned by corporate insiders.
NANO has been the topic of several research analyst reports. Benchmark boosted their price target on shares of Nanometrics to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. BidaskClub upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. DA Davidson cut shares of Nanometrics from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a report on Thursday, August 16th. They noted that the move was a valuation call. ValuEngine cut shares of Nanometrics from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Finally, Stifel Nicolaus upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Nanometrics presently has an average rating of “Hold” and a consensus target price of $34.00.
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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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