Nanometrics Incorporated (NANO) CEO Sells $563,000.00 in Stock
Nanometrics Incorporated (NASDAQ:NANO) CEO Timothy J. Stultz sold 20,000 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $28.15, for a total transaction of $563,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Nanometrics Incorporated (NANO) traded up 1.20% during trading on Wednesday, reaching $28.66. 60,292 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $26.89 and its 200-day moving average price is $27.42. The stock has a market cap of $730.69 million, a P/E ratio of 15.24 and a beta of 1.80. Nanometrics Incorporated has a one year low of $18.65 and a one year high of $32.42.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The business had revenue of $64.43 million during the quarter, compared to analyst estimates of $66.37 million. Nanometrics had a net margin of 19.94% and a return on equity of 11.95%. Nanometrics’s revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. On average, equities analysts anticipate that Nanometrics Incorporated will post $1.20 earnings per share for the current fiscal year.
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Several research firms have issued reports on NANO. Zacks Investment Research raised shares of Nanometrics from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Stifel Nicolaus raised shares of Nanometrics from a “hold” rating to a “buy” rating and increased their price objective for the company from $29.00 to $31.00 in a report on Friday, June 16th. They noted that the move was a valuation call. Benchmark Co. reaffirmed a “buy” rating and set a $34.00 price objective on shares of Nanometrics in a report on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $31.67.
A number of hedge funds and other institutional investors have recently modified their holdings of NANO. BlackRock Inc. grew its stake in Nanometrics by 81,374.7% in the 1st quarter. BlackRock Inc. now owns 3,091,965 shares of the semiconductor company’s stock valued at $94,182,000 after acquiring an additional 3,088,170 shares during the last quarter. Hood River Capital Management LLC grew its stake in Nanometrics by 72.5% in the 2nd quarter. Hood River Capital Management LLC now owns 880,612 shares of the semiconductor company’s stock valued at $22,271,000 after acquiring an additional 370,127 shares during the last quarter. Teachers Advisors LLC grew its stake in Nanometrics by 892.7% in the 2nd quarter. Teachers Advisors LLC now owns 396,002 shares of the semiconductor company’s stock valued at $10,015,000 after acquiring an additional 356,109 shares during the last quarter. Credit Agricole S A acquired a new stake in Nanometrics in the 1st quarter valued at about $3,813,000. Finally, TIAA CREF Investment Management LLC grew its stake in Nanometrics by 134.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 351,648 shares of the semiconductor company’s stock valued at $8,894,000 after acquiring an additional 201,969 shares during the last quarter. 81.28% of the stock is currently owned by hedge funds and other institutional investors.
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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