Insider Selling: Nanometrics Incorporated (NANO) SVP Sells 1,807 Shares of Stock

Nanometrics Incorporated (NASDAQ:NANO) SVP Rollin Kocher sold 1,807 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $24.54, for a total transaction of $44,343.78. Following the sale, the senior vice president now directly owns 28,331 shares of the company’s stock, valued at approximately $695,242.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Rollin Kocher also recently made the following trade(s):

  • On Tuesday, January 2nd, Rollin Kocher sold 339 shares of Nanometrics stock. The shares were sold at an average price of $24.93, for a total transaction of $8,451.27.

Nanometrics Incorporated (NASDAQ:NANO) traded up $0.52 during trading hours on Monday, hitting $26.02. 274,824 shares of the stock traded hands, compared to its average volume of 195,252. Nanometrics Incorporated has a 12-month low of $22.08 and a 12-month high of $32.42. The stock has a market cap 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 (NASDAQ:NANO) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.06. Nanometrics had a net margin of 11.68% and a return on equity of 12.05%. The firm had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $76.95 million. During the same period last year, the company posted $0.33 EPS. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. analysts expect that Nanometrics Incorporated will post 1.66 earnings per share for the current year.

Nanometrics announced that its board has approved a stock buyback program on Wednesday, November 15th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Several large investors have recently bought and sold shares of NANO. Schwab Charles Investment Management Inc. lifted its position in shares of Nanometrics by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 113,351 shares of the semiconductor company’s stock worth $2,867,000 after purchasing an additional 1,286 shares during the period. Wells Fargo & Company MN lifted its position in shares of Nanometrics by 3.5% in the 2nd quarter. Wells Fargo & Company MN now owns 17,373 shares of the semiconductor company’s stock worth $439,000 after purchasing an additional 593 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Nanometrics by 72.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 320,772 shares of the semiconductor company’s stock worth $8,112,000 after purchasing an additional 134,802 shares during the period. Thrivent Financial For Lutherans lifted its position in shares of Nanometrics by 8.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 15,350 shares of the semiconductor company’s stock worth $388,000 after purchasing an additional 1,160 shares during the period. Finally, New York State Common Retirement Fund lifted its position in shares of Nanometrics by 8.5% in the 2nd quarter. New York State Common Retirement Fund now owns 32,201 shares of the semiconductor company’s stock worth $814,000 after purchasing an additional 2,534 shares during the period. 83.00% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on NANO shares. BidaskClub cut shares of Nanometrics from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. Finally, Benchmark reaffirmed a “buy” rating and issued a $33.00 target price (down from $34.00) on shares of Nanometrics in a research report on Wednesday, February 7th.

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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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