Nanometrics Incorporated (NASDAQ:NANO) SVP Rollin Kocher sold 4,528 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $30.00, for a total value of $135,840.00. Following the completion of the transaction, the senior vice president now owns 41,387 shares in the company, valued at approximately $1,241,610. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Rollin Kocher also recently made the following trade(s):
- On Thursday, February 8th, Rollin Kocher sold 1,807 shares of Nanometrics stock. The shares were sold at an average price of $24.54, for a total value of $44,343.78.
- On Tuesday, January 2nd, Rollin Kocher sold 339 shares of Nanometrics stock. The shares were sold at an average price of $24.93, for a total value of $8,451.27.
Shares of Nanometrics Incorporated (NASDAQ:NANO) traded down $0.12 on Thursday, reaching $29.56. The company’s stock had a trading volume of 3,926 shares, compared to its average volume of 197,094. Nanometrics Incorporated has a 12 month low of $22.08 and a 12 month high of $32.42. The stock has a market cap of $716.40, a price-to-earnings ratio of 24.32, a PEG ratio of 1.52 and a beta of 1.52.
Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.53 earnings per share for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $76.95 million. During the same quarter in the previous year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. equities research analysts anticipate that Nanometrics Incorporated will post 1.66 EPS for the current fiscal year.
Nanometrics announced that its Board of Directors has authorized a share buyback plan on Wednesday, November 15th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
A number of brokerages have weighed in on NANO. Zacks Investment Research lowered Nanometrics from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. BidaskClub raised Nanometrics from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Benchmark reaffirmed a “buy” rating and issued a $33.00 price objective (down previously from $34.00) on shares of Nanometrics in a report on Wednesday, February 7th.
A number of institutional investors and hedge funds have recently made changes to their positions in NANO. SG Americas Securities LLC purchased a new stake in Nanometrics in the 3rd quarter valued at approximately $158,000. Teacher Retirement System of Texas purchased a new stake in Nanometrics in the 4th quarter valued at approximately $209,000. MetLife Investment Advisors LLC purchased a new stake in shares of Nanometrics during the 4th quarter worth approximately $318,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Nanometrics during the 4th quarter worth approximately $329,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Nanometrics by 40.3% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,330 shares of the semiconductor company’s stock worth $355,000 after acquiring an additional 3,540 shares in the last quarter. 85.73% of the stock is currently owned by institutional investors.
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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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