Nanometrics Inc. (NANO) CFO Jeff Andreson Sells 5,010 Shares of Stock
Nanometrics Inc. (NASDAQ:NANO) CFO Jeff Andreson sold 5,010 shares of Nanometrics stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $22.50, for a total transaction of $112,725.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Nanometrics Inc. (NASDAQ:NANO) opened at 22.01 on Wednesday. Nanometrics Inc. has a 1-year low of $11.91 and a 1-year high of $22.73. The stock has a market cap of $545.67 million, a P/E ratio of 64.17 and a beta of 1.45. The stock has a 50 day moving average of $20.87 and a 200 day moving average of $18.78.
Nanometrics (NASDAQ:NANO) last released its earnings results on Tuesday, July 26th. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. The business earned $55.80 million during the quarter, compared to analysts’ expectations of $55.30 million. Nanometrics had a return on equity of 6.06% and a net margin of 4.44%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 earnings per share. Equities analysts anticipate that Nanometrics Inc. will post $0.99 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in shares of Nanometrics by 118.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,599 shares of the company’s stock valued at $158,000 after buying an additional 4,124 shares during the period. Arizona State Retirement System increased its stake in shares of Nanometrics by 4.2% in the first quarter. Arizona State Retirement System now owns 12,364 shares of the company’s stock valued at $196,000 after buying an additional 500 shares during the period. KBC Group NV purchased a new stake in shares of Nanometrics during the second quarter valued at approximately $267,000. BlackRock Inc. increased its stake in shares of Nanometrics by 790.8% in the second quarter. BlackRock Inc. now owns 12,837 shares of the company’s stock valued at $267,000 after buying an additional 11,396 shares during the period. Finally, A.R.T. Advisors LLC purchased a new stake in shares of Nanometrics during the second quarter valued at approximately $277,000. 82.25% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on NANO shares. Stifel Nicolaus lifted their target price on shares of Nanometrics from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, June 27th. Zacks Investment Research downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.80.
Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The Company operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems.
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