Insider Selling: Nanometrics Director Sells 10,000 Shares of Stock (NANO)
Nanometrics (NASDAQ:NANO) Director Bruce C. Rhine sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $16.15, for a total value of $161,500.00. Following the completion of the transaction, the director now directly owns 810,613 shares of the company’s stock, valued at approximately $13,091,400. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Nanometrics in a research note on Thursday, July 31st. They now have a $17.00 price target on the stock, down previously from $18.00. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.89.
Nanometrics (NASDAQ:NANO) traded up 2.84% during mid-day trading on Wednesday, hitting $16.63. The stock had a trading volume of 105,189 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 $17.58 and a 200-day moving average of $17.47. The company’s market cap is $401.2 million.
Nanometrics (NASDAQ:NANO) last announced its earnings results on Wednesday, July 30th. The company reported $0.05 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.05. The company had revenue of $48.03 million for the quarter, compared to the consensus estimate of $49.36 million. During the same quarter last year, the company posted ($0.17) earnings per share. Nanometrics’s revenue was up 39.0% compared to the same quarter last year. On average, analysts predict that Nanometrics will post $-0.13 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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