Nanometrics Incorporated (NASDAQ:NANO) Director Timothy J. Stultz sold 10,000 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $26.44, for a total value of $264,400.00. Following the completion of the transaction, the director now owns 352,087 shares of the company’s stock, valued at $9,309,180.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Nanometrics Incorporated (NANO) traded down $0.47 during trading hours on Wednesday, reaching $29.68. The company’s stock had a trading volume of 156,750 shares, compared to its average volume of 200,993. The firm has a market capitalization of $712.60, a price-to-earnings ratio of 25.37, a PEG ratio of 1.51 and a beta of 1.52. Nanometrics Incorporated has a 12 month low of $22.08 and a 12 month high of $32.42.
Nanometrics (NASDAQ:NANO) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.06. Nanometrics had a return on equity of 12.05% and a net margin of 11.68%. The company had revenue of $78.20 million during the quarter, compared to analyst estimates of $76.95 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The firm’s revenue was up 32.1% on a year-over-year basis. research analysts forecast that Nanometrics Incorporated will post 1.66 EPS for the current fiscal year.
Nanometrics announced that its board has initiated a share repurchase plan on Wednesday, November 15th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
NANO has been the subject of several research analyst reports. BidaskClub lowered Nanometrics from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Benchmark restated a “buy” rating and set a $33.00 price target (down from $34.00) on shares of Nanometrics in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th.
Hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH grew its stake in shares of Nanometrics by 70.8% in the third quarter. Allianz Asset Management GmbH now owns 66,871 shares of the semiconductor company’s stock valued at $1,926,000 after buying an additional 27,723 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Nanometrics by 3.0% in the second quarter. Vanguard Group Inc. now owns 1,316,237 shares of the semiconductor company’s stock valued at $33,287,000 after purchasing an additional 37,840 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Nanometrics by 4.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,442,355 shares of the semiconductor company’s stock valued at $41,540,000 after purchasing an additional 67,827 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Nanometrics by 161.7% in the third quarter. JPMorgan Chase & Co. now owns 368,507 shares of the semiconductor company’s stock valued at $10,539,000 after purchasing an additional 227,710 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Nanometrics in the third quarter valued at about $865,000. Institutional investors and hedge funds own 85.73% of the company’s stock.
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Nanometrics Company Profile
Nanometrics Incorporated is a provider of process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, including sensors, optoelectronic devices, high-brightness (HB) light emitting diodes (LEDs), discretes and data storages components.
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