Ameriprise Financial Inc. Acquires 134,802 Shares of Nanometrics Incorporated (NANO)

Ameriprise Financial Inc. raised its holdings in shares of Nanometrics Incorporated (NASDAQ:NANO) by 72.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 320,772 shares of the semiconductor company’s stock after purchasing an additional 134,802 shares during the period. Ameriprise Financial Inc. owned about 1.27% of Nanometrics worth $8,112,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NANO. BlackRock Inc. increased its stake in Nanometrics by 81,374.7% during the first quarter. BlackRock Inc. now owns 3,091,965 shares of the semiconductor company’s stock valued at $94,182,000 after purchasing an additional 3,088,170 shares during the last quarter. Teachers Advisors LLC increased its stake in Nanometrics by 892.7% during the second quarter. Teachers Advisors LLC now owns 396,002 shares of the semiconductor company’s stock valued at $10,015,000 after purchasing an additional 356,109 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Nanometrics by 134.9% during the second quarter. TIAA CREF Investment Management LLC now owns 351,648 shares of the semiconductor company’s stock valued at $8,894,000 after purchasing an additional 201,969 shares during the last quarter. Renaissance Technologies LLC increased its stake in Nanometrics by 23.2% during the first quarter. Renaissance Technologies LLC now owns 923,600 shares of the semiconductor company’s stock valued at $28,133,000 after purchasing an additional 174,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Nanometrics by 13.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,213,933 shares of the semiconductor company’s stock valued at $36,976,000 after purchasing an additional 142,005 shares during the last quarter. Hedge funds and other institutional investors own 81.28% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/16/ameriprise-financial-inc-acquires-134802-shares-of-nanometrics-incorporated-nano.html.

Shares of Nanometrics Incorporated (NASDAQ:NANO) opened at 27.41 on Monday. Nanometrics Incorporated has a 1-year low of $19.42 and a 1-year high of $32.42. The company has a market cap of $698.82 million, a price-to-earnings ratio of 14.58 and a beta of 1.80. The firm’s 50-day moving average is $27.17 and its 200 day moving average is $27.39.

Nanometrics (NASDAQ:NANO) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $64.43 million during the quarter, compared to the consensus estimate of $66.37 million. Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. Equities analysts expect that Nanometrics Incorporated will post $1.17 EPS for the current fiscal year.

NANO has been the subject of several recent research reports. Zacks Investment Research lowered shares of Nanometrics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Benchmark Co. reiterated a “buy” rating and set a $34.00 target price on shares of Nanometrics in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $31.67.

In other Nanometrics news, CEO Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $25.19, for a total transaction of $503,800.00. Following the completion of the transaction, the chief executive officer now directly owns 300,651 shares of the company’s stock, valued at $7,573,398.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Janet Therese Taylor sold 2,505 shares of Nanometrics stock in a transaction on Monday, August 28th. The shares were sold at an average price of $25.65, for a total value of $64,253.25. Fol

A number of other hedge funds have also added to or reduced their stakes in NANO. BlackRock Inc. increased its stake in Nanometrics by 81,374.7% during the first quarter. BlackRock Inc. now owns 3,091,965 shares of the semiconductor company’s stock valued at $94,182,000 after purchasing an additional 3,088,170 shares during the last quarter. Teachers Advisors LLC increased its stake in Nanometrics by 892.7% during the second quarter. Teachers Advisors LLC now owns 396,002 shares of the semiconductor company’s stock valued at $10,015,000 after purchasing an additional 356,109 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Nanometrics by 134.9% during the second quarter. TIAA CREF Investment Management LLC now owns 351,648 shares of the semiconductor company’s stock valued at $8,894,000 after purchasing an additional 201,969 shares during the last quarter. Renaissance Technologies LLC increased its stake in Nanometrics by 23.2% during the first quarter. Renaissance Technologies LLC now owns 923,600 shares of the semiconductor company’s stock valued at $28,133,000 after purchasing an additional 174,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Nanometrics by 13.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,213,933 shares of the semiconductor company’s stock valued at $36,976,000 after purchasing an additional 142,005 shares during the last quarter. Hedge funds and other institutional investors own 81.28% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/16/ameriprise-financial-inc-acquires-134802-shares-of-nanometrics-incorporated-nano.html.

Shares of Nanometrics Incorporated (NASDAQ:NANO) opened at 27.41 on Monday. Nanometrics Incorporated has a 1-year low of $19.42 and a 1-year high of $32.42. The company has a market cap of $698.82 million, a price-to-earnings ratio of 14.58 and a beta of 1.80. The firm’s 50-day moving average is $27.17 and its 200 day moving average is $27.39.

Nanometrics (NASDAQ:NANO) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $64.43 million during the quarter, compared to the consensus estimate of $66.37 million. Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. Equities analysts expect that Nanometrics Incorporated will post $1.17 EPS for the current fiscal year.

NANO has been the subject of several recent research reports. Zacks Investment Research lowered shares of Nanometrics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Benchmark Co. reiterated a “buy” rating and set a $34.00 target price on shares of Nanometrics in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $31.67.

In other Nanometrics news, CEO Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $25.19, for a total transaction of $503,800.00. Following the completion of the transaction, the chief executive officer now directly owns 300,651 shares of the company’s stock, valued at $7,573,398.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Janet Therese Taylor sold 2,505 shares of Nanometrics stock in a transaction on Monday, August 28th. The shares were sold at an average price of $25.65, for a total value of $64,253.25. Following the transaction, the general counsel now directly owns 35,833 shares of the company’s stock, valued at $919,116.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,738 shares of company stock valued at $1,850,540. 6.70% of the stock is owned by company insiders.

Nanometrics Profile

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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Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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