Voce Capital Management adds Nanometrics Incorporated (NANO) to its portfolio

Nanometrics Incorporated (NANO) : Voce Capital Management added new position in Nanometrics Incorporated during the most recent quarter end. The investment management firm now holds 173,586 shares of Nanometrics Incorporated which is valued at $3,475,192 , the company said in a statement filed on Aug 15, 2016 with the SEC.Nanometrics Incorporated makes up approximately 3.80% of Voce Capital Management’s portfolio.

Other Hedge Funds, Including , Springbok Capital Management added NANO to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $4,004. Dynamic Technology Lab Private Ltd sold out all of its stake in NANO during the most recent quarter. The investment firm sold 21,823 shares of NANO which is valued $436,896. Blackrock Japan Ltd added NANO to its portfolio by purchasing 211 company shares during the most recent quarter which is valued at $4,224.New York State Common Retirement Fund boosted its stake in NANO in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 24,100 shares of Nanometrics Incorporated which is valued at $482,482.Dimensional Fund Advisors Lp boosted its stake in NANO in the latest quarter, The investment management firm added 20,026 additional shares and now holds a total of 888,974 shares of Nanometrics Incorporated which is valued at $18,072,841. Nanometrics Incorporated makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.

Nanometrics Incorporated opened for trading at $20.36 and hit $20.59 on the upside on Thursday, eventually ending the session at $20.59, with a gain of 1.23% or 0.25 points. The heightened volatility saw the trading volume jump to 67,262 shares. Company has a market cap of $510 M.

On the company’s financial health, Nanometrics Incorporated reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.06. The company had revenue of $47.49 million for the quarter, compared to analysts expectations of $46.25 million. The company’s revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on Nanometrics Incorporated. Company shares were Reiterated by Stifel on Jun 27, 2016 to “Buy”, Firm has raised the Price Target to $ 25 from a previous price target of $21 .

Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits high-brightness LEDs (HB-LED) discrete components and data storage devices. The Company’s automated and integrated systems address numerous process control applications including critical dimension and film thickness measurement device topography defect inspection and analysis of various other film properties such as optical electrical and material characteristics. The Company’s process control solutions are deployed throughout the fabrication process from front-end-of-line substrate manufacturing to high-volume production of semiconductors and other devices to advanced wafer-scale packaging applications. The Company offers a diverse line of process control and inspection products and technologies to address the manufacturing requirements of the semiconductor (and other solid state device) manufacturing industry.

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