Voce Capital Management buys $4,353,046 stake in Nanometrics Incorporated (NANO)

Nanometrics Incorporated (NANO) : Voce Capital Management scooped up 13,803 additional shares in Nanometrics Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 187,389 shares of Nanometrics Incorporated which is valued at $4,353,046.Nanometrics Incorporated makes up approximately 5.27% of Voce Capital Management’s portfolio.

Other Hedge Funds, Including , S Squared Technology sold out all of its stake in NANO during the most recent quarter. The investment firm sold 106,127 shares of NANO which is valued $2,465,330.Value Holdings Lp boosted its stake in NANO in the latest quarter, The investment management firm added 6,000 additional shares and now holds a total of 44,825 shares of Nanometrics Incorporated which is valued at $982,564. Nanometrics Incorporated makes up approx 0.56% of Value Holdings Lp’s portfolio. Teacher Retirement System Of Texas sold out all of its stake in NANO during the most recent quarter. The investment firm sold 3,213 shares of NANO which is valued $68,276. Peregrine Capital Management added NANO to its portfolio by purchasing 651,044 company shares during the most recent quarter which is valued at $13,522,184. Nanometrics Incorporated makes up approx 0.37% of Peregrine Capital Management’s portfolio.

Nanometrics Incorporated opened for trading at $23.79 and hit $24.6 on the upside on Monday, eventually ending the session at $24.57, with a gain of 2.72% or 0.65 points. The heightened volatility saw the trading volume jump to 1,05,586 shares. Company has a market cap of $612 M.

On the company’s financial health, Nanometrics Incorporated reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.28. The company had revenue of $58.71 million for the quarter, compared to analysts expectations of $57.53 million. The company’s revenue was up 28.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Many Wall Street Analysts have commented on Nanometrics Incorporated. Nanometrics Incorporated was Downgraded by Pacific Crest to ” Sector Weight” on Oct 12, 2016.

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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