Nanometrics Inc. (NANO) VP Sells $138,040.00 in Stock
Nanometrics Inc. (NASDAQ:NANO) VP Kevin Heidrich sold 7,000 shares of the stock in a transaction on Monday, October 17th. The stock was sold at an average price of $19.72, for a total value of $138,040.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Nanometrics Inc. (NASDAQ:NANO) traded up 1.63% during mid-day trading on Tuesday, reaching $19.97. The company had a trading volume of 96,056 shares. The stock has a 50 day moving average price of $21.23 and a 200-day moving average price of $19.46. Nanometrics Inc. has a 12-month low of $12.50 and a 12-month high of $23.61. The stock has a market capitalization of $495.10 million, a P/E ratio of 58.22 and a beta of 1.46.
Nanometrics (NASDAQ:NANO) last issued its earnings results on Tuesday, July 26th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm earned $55.80 million during the quarter, compared to the consensus estimate of $55.30 million. Nanometrics had a net margin of 4.44% and a return on equity of 6.06%. The business’s quarterly 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. Equities analysts anticipate that Nanometrics Inc. will post $0.99 EPS for the current fiscal year.
NANO has been the topic of several analyst reports. Zacks Investment Research lowered Nanometrics from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Stifel Nicolaus raised their price objective on Nanometrics from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $21.25.
Several hedge funds have recently modified their holdings of the stock. BlackRock Fund Advisors raised its stake in shares of Nanometrics by 3.6% in the second quarter. BlackRock Fund Advisors now owns 1,606,520 shares of the company’s stock valued at $33,400,000 after buying an additional 55,176 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Nanometrics by 6.3% in the second quarter. Vanguard Group Inc. now owns 1,101,602 shares of the company’s stock valued at $22,903,000 after buying an additional 64,835 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Nanometrics by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 888,974 shares of the company’s stock valued at $18,481,000 after buying an additional 20,026 shares during the last quarter. State Street Corp raised its stake in shares of Nanometrics by 2.5% in the second quarter. State Street Corp now owns 454,583 shares of the company’s stock valued at $9,450,000 after buying an additional 10,944 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in shares of Nanometrics during the second quarter valued at about $5,603,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.
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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