Nanometrics Inc. (NANO) Director Bruce C. Rhine Sells 10,000 Shares
Nanometrics Inc. (NASDAQ:NANO) Director Bruce C. Rhine sold 10,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $22.08, for a total transaction of $220,800.00. Following the completion of the sale, the director now directly owns 794,108 shares in the company, valued at $17,533,904.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Nanometrics Inc. (NASDAQ:NANO) opened at 22.25 on Thursday. The company has a market capitalization of $551.62 million, a PE ratio of 64.87 and a beta of 1.46. Nanometrics Inc. has a 12-month low of $12.49 and a 12-month high of $22.73. The firm has a 50-day moving average of $21.21 and a 200 day moving average of $19.09.
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 company earned $55.80 million during the quarter, compared to analysts’ expectations of $55.30 million. Nanometrics had a net margin of 4.44% and a return on equity of 6.06%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. Analysts forecast that Nanometrics Inc. will post $0.99 EPS for the current fiscal year.
NANO has been the topic of a number of research analyst reports. Stifel Nicolaus upped their target price on shares of Nanometrics from $21.00 to $25.00 and gave the company a “buy” rating in a report on Monday, June 27th. Zacks Investment Research cut shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $20.80.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its position in Nanometrics by 118.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,599 shares of the company’s stock worth $158,000 after buying an additional 4,124 shares during the last quarter. Arizona State Retirement System boosted its position in Nanometrics by 4.2% in the first quarter. Arizona State Retirement System now owns 12,364 shares of the company’s stock worth $196,000 after buying an additional 500 shares during the last quarter. Springbank Value Partners LP boosted its position in Nanometrics by 141.9% in the first quarter. Springbank Value Partners LP now owns 14,516 shares of the company’s stock worth $230,000 after buying an additional 8,516 shares during the last quarter. KBC Group NV bought a new position in Nanometrics during the second quarter worth $267,000. Finally, BlackRock Inc. boosted its position in Nanometrics by 790.8% in the second quarter. BlackRock Inc. now owns 12,837 shares of the company’s stock worth $267,000 after buying an additional 11,396 shares during the last quarter. Hedge funds and other institutional investors own 82.25% of the company’s stock.
Nanometrics Company Profile
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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