Insider Selling: Nanometrics CEO Unloads 8,500 Shares of Stock (NANO)
Nanometrics (NASDAQ:NANO) CEO Timothy J. Stultz unloaded 8,500 shares of the stock on the open market in a transaction dated Thursday, May 1st. The stock was sold at an average price of $15.90, for a total value of $135,150.00. Following the sale, the chief executive officer now directly owns 202,762 shares in the company, valued at approximately $3,223,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Nanometrics (NASDAQ:NANO) traded down 1.35% during mid-day trading on Thursday, hitting $16.04. 216,306 shares of the company’s stock traded hands. Nanometrics has a 52 week low of $13.37 and a 52 week high of $19.94. The stock has a 50-day moving average of $17.53 and a 200-day moving average of $17.8. The company’s market cap is $381.0 million.
Nanometrics (NASDAQ:NANO) last released its earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.01. The company had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.15 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. The company’s quarterly revenue was up 109.8% on a year-over-year basis. On average, analysts predict that Nanometrics will post $0.48 earnings per share for the current fiscal year.
A number of research firms have recently commented on NANO. Analysts at DA Davidson cut their price target on shares of Nanometrics from $18.00 to $17.00 in a research note on Wednesday. Separately, analysts at Canaccord Genuity cut their price target on shares of Nanometrics from $20.00 to $18.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Nanometrics from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. They now have a $19.20 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.03.
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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