Nanometrics Inc. (NANO) VP Sells $138,040.00 in Stock
Nanometrics Inc. (NASDAQ:NANO) VP Kevin Heidrich sold 7,000 shares of the stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $19.72, for a total value of $138,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Nanometrics Inc. (NASDAQ:NANO) traded up 1.63% on Tuesday, hitting $19.97. The stock had a trading volume of 96,056 shares. The company has a 50-day moving average of $21.23 and a 200-day moving average of $19.46. Nanometrics Inc. has a 52-week low of $12.50 and a 52-week high of $23.61. The company has a market cap of $495.10 million, a P/E ratio of 58.22 and a beta of 1.46.
Nanometrics (NASDAQ:NANO) last issued its earnings results on Tuesday, July 26th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Nanometrics had a return on equity of 6.06% and a net margin of 4.44%. The firm earned $55.80 million during the quarter, compared to the consensus estimate of $55.30 million. During the same period last year, the firm posted $0.08 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities analysts anticipate that Nanometrics Inc. will post $0.99 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of NANO. BlackRock Fund Advisors boosted its stake in shares of Nanometrics by 3.6% in the second quarter. BlackRock Fund Advisors now owns 1,606,520 shares of the company’s stock valued at $33,400,000 after buying an additional 55,176 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Nanometrics by 6.3% in the second quarter. Vanguard Group Inc. now owns 1,101,602 shares of the company’s stock valued at $22,903,000 after buying an additional 64,835 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Nanometrics by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 888,974 shares of the company’s stock valued at $18,481,000 after buying an additional 20,026 shares during the last quarter. State Street Corp boosted its stake in shares of Nanometrics by 2.5% in the second quarter. State Street Corp now owns 454,583 shares of the company’s stock valued at $9,450,000 after buying an additional 10,944 shares during the last quarter. Finally, Hood River Capital Management LLC bought a new stake in shares of Nanometrics during the second quarter valued at $5,603,000. 82.22% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Nanometrics from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Stifel Nicolaus increased their price objective on Nanometrics from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, June 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Nanometrics currently has an average rating of “Hold” and a consensus price target of $21.25.
Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The Company operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems.
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