Kevin Heidrich Sells 30,000 Shares of Nanometrics Inc. (NANO) Stock
Nanometrics Inc. (NASDAQ:NANO) VP Kevin Heidrich sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $25.00, for a total value of $750,000.00. Following the sale, the vice president now owns 70,419 shares in the company, valued at $1,760,475. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Kevin Heidrich also recently made the following trade(s):
- On Monday, October 17th, Kevin Heidrich sold 7,000 shares of Nanometrics stock. The shares were sold at an average price of $19.72, for a total value of $138,040.00.
Nanometrics Inc. (NASDAQ:NANO) traded down 4.14% during midday trading on Wednesday, reaching $24.09. The company’s stock had a trading volume of 265,352 shares. The firm has a market capitalization of $600.23 million, a PE ratio of 37.94 and a beta of 1.45. The stock has a 50 day moving average of $21.78 and a 200 day moving average of $20.58. Nanometrics Inc. has a 52 week low of $12.50 and a 52 week high of $25.69.
Nanometrics (NASDAQ:NANO) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. The firm had revenue of $58.71 million for the quarter, compared to analyst estimates of $57.53 million. Nanometrics had a return on equity of 9.34% and a net margin of 7.61%. Nanometrics’s quarterly revenue was up 28.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. On average, equities research analysts predict that Nanometrics Inc. will post $1.02 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of NANO. Tanaka Capital Management Inc. increased its position in shares of Nanometrics by 2.5% in the second quarter. Tanaka Capital Management Inc. now owns 28,727 shares of the company’s stock worth $597,000 after buying an additional 705 shares during the period. Prudential Financial Inc. increased its position in shares of Nanometrics by 3.6% in the first quarter. Prudential Financial Inc. now owns 57,581 shares of the company’s stock worth $912,000 after buying an additional 2,000 shares during the period. Principal Financial Group Inc. increased its position in shares of Nanometrics by 3.2% in the second quarter. Principal Financial Group Inc. now owns 171,692 shares of the company’s stock worth $3,569,000 after buying an additional 5,287 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Nanometrics by 9.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 29,425 shares of the company’s stock worth $612,000 after buying an additional 2,628 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Nanometrics by 66.1% in the second quarter. Ameriprise Financial Inc. now owns 189,449 shares of the company’s stock worth $3,939,000 after buying an additional 75,399 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.
NANO has been the topic of several analyst reports. Zacks Investment Research downgraded Nanometrics from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Stifel Nicolaus downgraded Nanometrics from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Tuesday. They noted that the move was a valuation call.
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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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