Nanometrics CEO Timothy J. Stultz Sells 8,500 Shares (NANO)
Nanometrics (NASDAQ:NANO) CEO Timothy J. Stultz sold 8,500 shares of Nanometrics stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $16.97, for a total transaction of $144,245.00. Following the transaction, the chief executive officer now directly owns 202,762 shares of the company’s stock, valued at approximately $3,440,871. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at DA Davidson cut their price target on shares of Nanometrics from $18.00 to $17.00 in a research note on Wednesday, April 30th. 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, April 30th. 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.03.
Nanometrics (NASDAQ:NANO) traded down 1.98% during mid-day trading on Monday, hitting $16.82. The stock had a trading volume of 83,989 shares. 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 $16.44 and a 200-day moving average of $17.67. The company’s market cap is $401.9 million.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.22) earnings per share. The company’s revenue for the quarter was up 109.8% on a year-over-year basis. On average, analysts predict that Nanometrics will post $0.38 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.