Media headlines about Nanometrics (NASDAQ:NANO) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nanometrics earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 45.8129910138419 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of equities research analysts recently commented on NANO shares. Zacks Investment Research upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub lowered shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Finally, Benchmark restated a “buy” rating and set a $34.00 price objective on shares of Nanometrics in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Nanometrics currently has an average rating of “Hold” and a consensus price target of $31.67.
Shares of Nanometrics (NANO) traded up $0.51 during trading hours on Monday, hitting $25.24. 645,600 shares of the company were exchanged, compared to its average volume of 206,157. Nanometrics has a fifty-two week low of $23.73 and a fifty-two week high of $32.42. The firm has a market capitalization of $646.02, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 1.81 and a beta of 1.75.
Nanometrics declared that its board has authorized a share repurchase plan on Wednesday, November 15th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
In other news, CEO Timothy J. Stultz sold 20,000 shares of Nanometrics 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 is available at the SEC website. Also, CFO Jeff Andreson sold 7,233 shares of Nanometrics stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $27.11, for a total transaction of $196,086.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,399 shares of company stock valued at $1,126,411. 6.70% of the stock is owned by insiders.
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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