Nanometrics Incorporated (NASDAQ:NANO) CEO Timothy J. Stultz sold 20,000 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $28.15, for a total value of $563,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Nanometrics (NASDAQ:NANO) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The business had revenue of $64.43 million during the quarter, compared to the consensus estimate of $66.37 million. Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 earnings per share.
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A number of analysts recently issued reports on the company. Zacks Investment Research raised Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Stifel Nicolaus raised Nanometrics from a “hold” rating to a “buy” rating and increased their target price for the stock from $29.00 to $31.00 in a research note on Friday, June 16th. They noted that the move was a valuation call. Benchmark Co. reissued a “buy” rating and set a $34.00 target price on shares of Nanometrics in a research note on Wednesday, August 2nd. Finally, BidaskClub cut Nanometrics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.67.
Hedge funds have recently modified their holdings of the business. Pacad Investment Ltd. bought a new stake in Nanometrics in the second quarter worth approximately $106,000. BNP Paribas Arbitrage SA increased its holdings in Nanometrics by 15.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,812 shares of the semiconductor company’s stock worth $147,000 after purchasing an additional 626 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Nanometrics by 79.4% in the second quarter. State of Alaska Department of Revenue now owns 4,988 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 2,208 shares in the last quarter. Mason Street Advisors LLC increased its holdings in Nanometrics by 8.0% in the first quarter. Mason Street Advisors LLC now owns 5,883 shares of the semiconductor company’s stock worth $179,000 after purchasing an additional 438 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Nanometrics by 29.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 7,000 shares of the semiconductor company’s stock worth $213,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.
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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