Hood River Capital Management LLC Has $25.94 Million Position in Nanometrics Incorporated (NANO)

Hood River Capital Management LLC increased its holdings in Nanometrics Incorporated (NASDAQ:NANO) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 900,806 shares of the semiconductor company’s stock after purchasing an additional 20,194 shares during the quarter. Nanometrics accounts for 1.6% of Hood River Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. Hood River Capital Management LLC owned 3.52% of Nanometrics worth $25,943,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NANO. BlackRock Inc. increased its position in shares of Nanometrics by 81,374.7% in the first quarter. BlackRock Inc. now owns 3,091,965 shares of the semiconductor company’s stock valued at $94,182,000 after acquiring an additional 3,088,170 shares during the period. Teachers Advisors LLC increased its position in shares of Nanometrics by 892.7% in the second quarter. Teachers Advisors LLC now owns 396,002 shares of the semiconductor company’s stock valued at $10,015,000 after acquiring an additional 356,109 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Nanometrics by 134.9% in 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 acquiring an additional 201,969 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Nanometrics by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,374,528 shares of the semiconductor company’s stock valued at $34,762,000 after acquiring an additional 160,595 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Nanometrics by 72.5% in the second quarter. Ameriprise Financial Inc. now owns 320,772 shares of the semiconductor company’s stock valued at $8,112,000 after acquiring an additional 134,802 shares during the period. Hedge funds and other institutional investors own 80.99% of the company’s stock.

A number of equities analysts have issued reports on NANO shares. BidaskClub cut shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Benchmark Co. restated a “buy” rating and issued a $34.00 price objective on shares of Nanometrics in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Nanometrics presently has an average rating of “Buy” and an average price target of $31.67.

In related news, CEO Timothy J. Stultz sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $26.17, for a total transaction of $523,400.00. Following the sale, the chief executive officer now owns 300,651 shares of the company’s stock, valued at $7,868,036.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Janet Therese Taylor sold 2,505 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $25.65, for a total transaction of $64,253.25. Following the sale, the general counsel now directly owns 35,833 shares in the company, valued at approximately $919,116.45. The disclosure for this sale can be found here. Insiders have sold a total of 63,904 shares of company stock worth $1,714,064 in the last ninety days. Insiders own 6.70% of the company’s stock.

Shares of Nanometrics Incorporated (NASDAQ:NANO) traded up $0.13 on Thursday, hitting $25.68. 136,800 shares of the stock were exchanged, compared to its average volume of 203,212. The company has a market cap of $687.73, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 1.83 and a beta of 1.81. Nanometrics Incorporated has a 52-week low of $22.23 and a 52-week high of $32.42.

Nanometrics (NASDAQ:NANO) last announced its earnings results on Thursday, November 2nd. The semiconductor company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $56.70 million for the quarter, compared to analyst estimates of $56.53 million. Nanometrics had a net margin of 19.23% and a return on equity of 10.26%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. analysts expect that Nanometrics Incorporated will post 1.16 earnings per share for the current year.

Nanometrics announced that its board has approved a stock repurchase program on Wednesday, November 15th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the semiconductor company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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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.

Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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