Nanometrics Incorporated (NASDAQ:NANO) Director Timothy J. Stultz sold 20,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $28.76, for a total value of $575,200.00. Following the completion of the sale, the director now owns 312,087 shares in the company, valued at $8,975,622.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Nanometrics Incorporated (NANO) opened at $30.15 on Wednesday. The company has a market capitalization of $716.40, a price-to-earnings ratio of 23.55, a P/E/G ratio of 1.48 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 released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.06. The firm had revenue of $78.20 million during the quarter, compared to analyst estimates of $76.95 million. Nanometrics had a return on equity of 12.05% and a net margin of 11.68%. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. research analysts expect that Nanometrics Incorporated will post 1.66 EPS for the current fiscal year.
Several equities analysts recently commented on NANO shares. BidaskClub lowered Nanometrics from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Zacks Investment Research upgraded Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. Finally, Benchmark reiterated a “buy” rating and issued a $33.00 target price (down from $34.00) on shares of Nanometrics in a research note on Wednesday, February 7th.
Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Nanometrics in the third quarter valued at $158,000. Teacher Retirement System of Texas acquired a new position in Nanometrics in the fourth quarter valued at $209,000. Municipal Employees Retirement System of Michigan increased its stake in Nanometrics by 40.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,330 shares of the semiconductor company’s stock valued at $355,000 after purchasing an additional 3,540 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in Nanometrics during the fourth quarter worth about $318,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Nanometrics during the fourth quarter worth about $329,000. Hedge funds and other institutional investors 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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