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.

TRADEMARK VIOLATION NOTICE: This news story was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/11/nanometrics-incorporated-nano-ceo-sells-563000-00-in-stock.html.

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.

About Nanometrics

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.

Insider Buying and Selling by Quarter for Nanometrics (NASDAQ:NANO)

Receive News & Ratings for Nanometrics Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nanometrics Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.