Nanometrics COO Bruce A. Crawford Sells 44,857 Shares (NANO)
Nanometrics (NASDAQ:NANO) COO Bruce A. Crawford sold 44,857 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $18.55, for a total transaction of $832,097.35. Following the completion of the transaction, the chief operating officer now directly owns 33,264 shares of the company’s stock, valued at approximately $617,047. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on NANO. Analysts at Zacks downgraded shares of Nanometrics from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 6th. 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 on Wednesday, February 5th. Finally, analysts at Canaccord Genuity raised their price target on shares of Nanometrics from $19.00 to $20.00 in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.96.
Nanometrics (NASDAQ:NANO) traded down 1.19% during mid-day trading on Wednesday, hitting $18.29. The stock had a trading volume of 93,125 shares. Nanometrics has a one year low of $13.32 and a one year high of $19.94. The stock has a 50-day moving average of $17.89 and a 200-day moving average of $16.85. The company’s market cap is $430.5 million.
Nanometrics (NASDAQ:NANO) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter 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.
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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