Nanometrics Inc. (NASDAQ:NANO) Director Bruce C. Rhine sold 10,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $22.08, for a total value of $220,800.00. Following the transaction, the director now owns 794,108 shares of the company’s stock, valued at $17,533,904.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Nanometrics Inc. (NASDAQ:NANO) opened at 22.75 on Friday. The firm has a market capitalization of $564.02 million, a price-to-earnings ratio of 66.33 and a beta of 1.46. Nanometrics Inc. has a 12 month low of $12.49 and a 12 month high of $23.61. The company has a 50 day moving average price of $21.28 and a 200 day moving average price of $19.11.
Nanometrics (NASDAQ:NANO) last posted its earnings results on Tuesday, July 26th. The company reported $0.26 EPS for the quarter, missing the 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%. Nanometrics’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 earnings per share. Analysts anticipate that Nanometrics Inc. will post $0.99 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of NANO. Prudential Financial Inc. increased its position in Nanometrics by 3.6% in the first quarter. Prudential Financial Inc. now owns 57,581 shares of the company’s stock valued at $912,000 after buying an additional 2,000 shares in the last quarter. Royce & Associates LP increased its position in shares of Nanometrics by 6.2% in the first quarter. Royce & Associates LP now owns 2,807,174 shares of the company’s stock worth $44,466,000 after buying an additional 162,908 shares during the period. Value Holdings LP increased its position in shares of Nanometrics by 190.2% in the first quarter. Value Holdings LP now owns 34,825 shares of the company’s stock worth $552,000 after buying an additional 22,825 shares during the period. Springbank Value Partners LP increased its position in shares of 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 period. Finally, Geode Capital Management LLC increased its position in shares of Nanometrics by 8.1% in the first quarter. Geode Capital Management LLC now owns 165,494 shares of the company’s stock worth $2,621,000 after buying an additional 12,399 shares during the period. Hedge funds and other institutional investors own 82.25% of the company’s stock.
Several research firms have recently issued reports on NANO. Stifel Nicolaus boosted their target price on Nanometrics from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, June 27th. Zacks Investment Research lowered Nanometrics from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price 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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