Nanometrics CEO Sells $148,325 in Stock (NANO)
Nanometrics (NASDAQ:NANO) CEO Timothy J. Stultz sold 8,500 shares of Nanometrics stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $17.45, for a total transaction of $148,325.00. Following the completion of the sale, the chief executive officer now directly owns 127,758 shares of the company’s stock, valued at approximately $2,229,377. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Nanometrics (NASDAQ:NANO) traded down 1.20% on Thursday, hitting $17.34. The stock had a trading volume of 369,013 shares. Nanometrics has a 52 week low of $13.32 and a 52 week high of $19.94. The stock has a 50-day moving average of $18.00 and a 200-day moving average of $16.67. The company’s market cap is $404.9 million.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.05. The company had revenue of $46.16 million for the quarter, compared to the consensus estimate of $44.88 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 52.5% on a year-over-year basis. On average, analysts predict that Nanometrics will post $0.62 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Nanometrics from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $16.70 price target on the stock. Separately, analysts at Pacific Crest raised their price target on shares of Nanometrics from $20.00 to $23.00 in a research note to investors on Wednesday. Finally, analysts at Canaccord Genuity raised their price target on shares of Nanometrics from $19.00 to $20.00 in a research note to investors on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Nanometrics has a consensus rating of “Hold” and an average price target of $18.96.
Nanometrics Incorporated (NASDAQ:NANO) is a provider of advanced, high-performance process control metrology and inspection systems used primarily in the fabrication of integrated circuits, high-brightness (HB) light emitting diodes (LEDs), data storage devices and solar photovoltaics (solar PV).
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