Alliancebernstein L.P. Sells 6,900 Shares of Nanometrics Incorporated (NANO)

Alliancebernstein L.P. cut its holdings in shares of Nanometrics Incorporated (NASDAQ:NANO) by 23.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,150 shares of the semiconductor company’s stock after selling 6,900 shares during the period. Alliancebernstein L.P.’s holdings in Nanometrics were worth $552,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of Montreal Can lifted its stake in Nanometrics by 6.1% during the fourth quarter. Bank of Montreal Can now owns 49,043 shares of the semiconductor company’s stock valued at $1,222,000 after purchasing an additional 2,802 shares during the last quarter. First Trust Advisors LP lifted its stake in Nanometrics by 14.3% during the fourth quarter. First Trust Advisors LP now owns 23,019 shares of the semiconductor company’s stock valued at $574,000 after purchasing an additional 2,879 shares during the last quarter. Peregrine Capital Management LLC lifted its stake in Nanometrics by 0.7% during the fourth quarter. Peregrine Capital Management LLC now owns 572,684 shares of the semiconductor company’s stock valued at $14,271,000 after purchasing an additional 3,702 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Nanometrics during the third quarter valued at approximately $158,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in Nanometrics by 7.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 107,583 shares of the semiconductor company’s stock valued at $2,681,000 after purchasing an additional 7,288 shares during the last quarter. 85.34% of the stock is owned by institutional investors and hedge funds.

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In other news, Director Timothy J. Stultz sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $26.48, for a total transaction of $529,600.00. Following the sale, the director now owns 352,087 shares in the company, valued at $9,323,263.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy J. Stultz sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $26.44, for a total transaction of $264,400.00. Following the sale, the director now owns 352,087 shares in the company, valued at approximately $9,309,180.28. The disclosure for this sale can be found here. Insiders have sold 85,001 shares of company stock worth $2,331,551 in the last 90 days. 6.90% of the stock is owned by company insiders.

NANO stock opened at $26.68 on Tuesday. Nanometrics Incorporated has a 12 month low of $22.08 and a 12 month high of $32.42. The company has a market cap of $634.72, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51.

Nanometrics (NASDAQ:NANO) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $76.95 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s revenue was up 32.1% compared to the same quarter last year. equities analysts predict that Nanometrics Incorporated will post 1.66 EPS for the current year.

Several research firms recently commented on NANO. Zacks Investment Research lowered shares of Nanometrics from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. BidaskClub lowered shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Tuesday, April 10th. Finally, Benchmark reissued a “buy” rating and set a $33.00 target price (down from $34.00) on shares of Nanometrics in a research note on Wednesday, February 7th.

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About Nanometrics

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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Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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