Nanometrics Incorporated (NASDAQ:NANO) Director Timothy J. Stultz sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $28.76, for a total transaction of $575,200.00. Following the transaction, the director now directly owns 312,087 shares in the company, valued at $8,975,622.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Nanometrics Incorporated (NANO) traded up $0.62 during midday trading on Monday, reaching $29.99. 224,115 shares of the company’s stock were exchanged, compared to its average volume of 196,967. The firm has a market capitalization of $697.87, a PE ratio of 25.63, a PEG ratio of 1.48 and a beta of 1.52. Nanometrics Incorporated has a 1 year low of $22.08 and a 1 year high of $32.42.
Nanometrics (NASDAQ:NANO) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 net margin of 11.68% and a return on equity of 12.05%. The company’s revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 earnings per share. equities research analysts anticipate that Nanometrics Incorporated will post 1.66 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Nanometrics in the third quarter valued at approximately $158,000. Teacher Retirement System of Texas acquired a new stake in Nanometrics in the fourth quarter valued at approximately $209,000. MetLife Investment Advisors LLC acquired a new stake in Nanometrics in the fourth quarter valued at approximately $318,000. Landscape Capital Management L.L.C. acquired a new stake in Nanometrics in the fourth quarter valued at approximately $329,000. Finally, Municipal Employees Retirement System of Michigan lifted its stake in shares of Nanometrics by 40.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,330 shares of the semiconductor company’s stock worth $355,000 after buying an additional 3,540 shares during the last quarter. Hedge funds and other institutional investors own 85.73% of the company’s stock.
NANO has been the subject of a number of analyst reports. BidaskClub cut shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. Finally, Benchmark reiterated a “buy” rating and issued a $33.00 target price (down from $34.00) on shares of Nanometrics in a research note on Wednesday, February 7th.
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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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