Insider Selling: Nanometrics Incorporated (NANO) General Counsel Sells 1,654 Shares of Stock

Nanometrics Incorporated (NASDAQ:NANO) General Counsel Janet Therese Taylor sold 1,654 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $24.54, for a total value of $40,589.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nanometrics Incorporated (NANO) traded up $0.52 on Monday, reaching $26.02. The company had a trading volume of 274,824 shares, compared to its average volume of 195,252. The firm has a market capitalization of $665.97, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.28 and a beta of 1.65. Nanometrics Incorporated has a 52-week low of $22.08 and a 52-week high of $32.42.

Nanometrics (NASDAQ:NANO) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $76.95 million. Nanometrics had a return on equity of 12.05% and a net margin of 11.68%. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. equities analysts anticipate that Nanometrics Incorporated will post 1.66 earnings per share for the current year.

Nanometrics announced that its board has initiated a share repurchase plan on Wednesday, November 15th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Several analysts have recently commented on the company. Zacks Investment Research cut Nanometrics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. BidaskClub raised Nanometrics from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Finally, Benchmark reaffirmed a “buy” rating and issued a $33.00 target price (down previously from $34.00) on shares of Nanometrics in a research report on Wednesday, February 7th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH boosted its position in Nanometrics by 70.8% during the third quarter. Allianz Asset Management GmbH now owns 66,871 shares of the semiconductor company’s stock valued at $1,926,000 after purchasing an additional 27,723 shares during the last quarter. Vanguard Group Inc. boosted its position in Nanometrics by 3.0% during the second quarter. Vanguard Group Inc. now owns 1,316,237 shares of the semiconductor company’s stock valued at $33,287,000 after purchasing an additional 37,840 shares during the last quarter. Peregrine Capital Management LLC boosted its position in Nanometrics by 3.5% during the third quarter. Peregrine Capital Management LLC now owns 568,982 shares of the semiconductor company’s stock valued at $16,387,000 after purchasing an additional 19,388 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Nanometrics by 4.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,442,355 shares of the semiconductor company’s stock valued at $41,540,000 after purchasing an additional 67,827 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Nanometrics by 161.7% during the third quarter. JPMorgan Chase & Co. now owns 368,507 shares of the semiconductor company’s stock valued at $10,539,000 after purchasing an additional 227,710 shares during the last quarter. 83.00% of the stock is owned by hedge funds and other institutional investors.

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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)

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