Nanometrics Inc. (NASDAQ:NANO) CFO Jeff Andreson sold 5,010 shares of the 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 document filed with the SEC, which is available at the SEC website.
Shares of Nanometrics Inc. (NASDAQ:NANO) opened at 22.31 on Thursday. Nanometrics Inc. has a 1-year low of $11.91 and a 1-year high of $22.73. The stock has a 50 day moving average of $20.94 and a 200-day moving average of $18.80. The firm has a market capitalization of $553.11 million, a P/E ratio of 65.04 and a beta of 1.45.
Nanometrics (NASDAQ:NANO) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $55.80 million for 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 business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $0.08 EPS. On average, equities analysts expect that Nanometrics Inc. will post $0.99 earnings per share for the current year.
A number of equities research analysts have issued reports on NANO shares. Stifel Nicolaus increased their price objective 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 “buy” rating to a “hold” rating in a research note on Friday, August 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $20.80.
Several hedge funds have recently added to or reduced their stakes in the stock. Voce Capital Management LLC acquired a new position in shares of Nanometrics during the first quarter worth approximately $2,750,000. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Nanometrics by 61.0% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 50,796 shares of the company’s stock worth $1,056,000 after buying an additional 19,242 shares in the last quarter. 82.25% of the stock is owned by hedge funds and other institutional investors.
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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