Bank of New York Mellon Corp Sells 7,498 Shares of Nanometrics Incorporated (NANO)

Bank of New York Mellon Corp lessened its stake in shares of Nanometrics Incorporated (NASDAQ:NANO) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 310,530 shares of the semiconductor company’s stock after selling 7,498 shares during the quarter. Bank of New York Mellon Corp’s holdings in Nanometrics were worth $10,996,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NANO. SG Americas Securities LLC bought a new stake in Nanometrics during the 1st quarter valued at $115,000. Sei Investments Co. boosted its position in Nanometrics by 12,967.9% during the 2nd quarter. Sei Investments Co. now owns 3,659 shares of the semiconductor company’s stock valued at $129,000 after acquiring an additional 3,631 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new stake in Nanometrics during the 1st quarter valued at $154,000. Flinton Capital Management LLC boosted its position in Nanometrics by 32.1% during the 1st quarter. Flinton Capital Management LLC now owns 6,018 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 1,462 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in Nanometrics during the 2nd quarter valued at $196,000. 85.12% of the stock is currently owned by institutional investors and hedge funds.

In other Nanometrics news, Director Timothy J. Stultz sold 30,000 shares of Nanometrics stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $41.95, for a total transaction of $1,258,500.00. Following the completion of the sale, the director now owns 281,221 shares of the company’s stock, valued at approximately $11,797,220.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $41.91, for a total value of $838,200.00. Following the sale, the director now directly owns 281,221 shares of the company’s stock, valued at approximately $11,785,972.11. The disclosure for this sale can be found here. Insiders sold a total of 66,783 shares of company stock valued at $2,814,864 in the last three months. Insiders own 6.90% of the company’s stock.

Nanometrics stock opened at $36.30 on Tuesday. The firm has a market capitalization of $865.30 million, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.30 and a beta of 1.82. Nanometrics Incorporated has a 1-year low of $22.08 and a 1-year high of $48.26.

Nanometrics (NASDAQ:NANO) last posted its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.05. The firm had revenue of $88.60 million during the quarter, compared to analysts’ expectations of $86.53 million. Nanometrics had a return on equity of 19.74% and a net margin of 16.55%. The business’s quarterly revenue was up 37.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. research analysts expect that Nanometrics Incorporated will post 2.3 earnings per share for the current fiscal year.

NANO has been the subject of a number of recent analyst reports. BidaskClub raised Nanometrics from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. DA Davidson raised their price objective on Nanometrics to $42.00 and gave the stock a “buy” rating in a research report on Monday, July 2nd. Zacks Investment Research cut Nanometrics from a “buy” rating to a “hold” rating in a research report on Thursday, July 5th. Stifel Nicolaus cut Nanometrics from a “buy” rating to a “hold” rating and raised their price objective for the stock from $35.00 to $40.00 in a research report on Monday, May 28th. They noted that the move was a valuation call. Finally, ValuEngine cut Nanometrics from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $35.50.

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.

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Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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