Insider Selling: Nanometrics Incorporated (NASDAQ:NANO) CEO Sells 20,000 Shares of Stock
Nanometrics Incorporated (NASDAQ:NANO) CEO Timothy J. Stultz sold 20,000 shares of the firm’s stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $26.30, for a total transaction of $526,000.00. Following the transaction, the chief executive officer now directly owns 300,651 shares of the company’s stock, valued at $7,907,121.30. The sale was disclosed in a document filed with the SEC, which is available through this link.
Nanometrics Incorporated (NASDAQ NANO) traded up 1.14% on Wednesday, hitting $26.60. 142,867 shares of the stock traded hands. The stock has a 50-day moving average of $27.30 and a 200-day moving average of $27.42. Nanometrics Incorporated has a 12-month low of $18.65 and a 12-month high of $32.42. The firm has a market cap of $671.68 million, a price-to-earnings ratio of 14.72 and a beta of 1.72.
Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Tuesday, May 2nd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by $0.05. Nanometrics had a net margin of 19.71% and a return on equity of 12.17%. The business had revenue of $59.31 million during the quarter, compared to analyst estimates of $59.15 million. Analysts forecast that Nanometrics Incorporated will post $1.23 earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Nanometrics by 81,374.7% in the first quarter. BlackRock Inc. now owns 3,091,965 shares of the semiconductor company’s stock valued at $94,182,000 after buying an additional 3,088,170 shares during the last quarter. FMR LLC raised its stake in Nanometrics by 260.4% in the fourth quarter. FMR LLC now owns 953,038 shares of the semiconductor company’s stock valued at $23,884,000 after buying an additional 688,573 shares during the last quarter. Credit Agricole S A purchased a new stake in Nanometrics during the first quarter valued at $3,813,000. Hood River Capital Management LLC raised its stake in Nanometrics by 79.5% in the first quarter. Hood River Capital Management LLC now owns 510,485 shares of the semiconductor company’s stock valued at $15,549,000 after buying an additional 226,118 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Nanometrics by 23.2% in the first quarter. Renaissance Technologies LLC now owns 923,600 shares of the semiconductor company’s stock valued at $28,133,000 after buying an additional 174,100 shares during the last quarter. Institutional investors own 81.46% of the company’s stock.
NANO has been the subject of several research reports. Zacks Investment Research raised shares of Nanometrics from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Friday, May 5th. Stifel Nicolaus decreased their price target on shares of Nanometrics from $29.00 to $25.00 and set a “hold” rating for the company in a report on Wednesday, May 3rd. Finally, Benchmark Co. reaffirmed a “buy” rating and issued a $34.00 price target (up from $30.00) on shares of Nanometrics in a report on Wednesday, May 3rd.
Nanometrics Company Profile
Nanometrics Incorporated is a provider of process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, including sensors, optoelectronic devices, high-brightness (HB) light emitting diodes (LEDs), discretes and data storages components.
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