Insider Selling: Nanometrics Incorporated (NANO) Director Sells 17,667 Shares of Stock

Nanometrics Incorporated (NASDAQ:NANO) Director Timothy J. Stultz sold 17,667 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $30.13, for a total transaction of $532,306.71. Following the transaction, the director now owns 253,208 shares in the company, valued at $7,629,157.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

NANO traded down $0.50 on Thursday, reaching $29.65. 104,496 shares of the company’s stock were exchanged, compared to its average volume of 178,051. The company has a market cap of $729.02 million, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.95 and a beta of 1.73. Nanometrics Incorporated has a twelve month low of $24.74 and a twelve month high of $48.26.

Nanometrics (NASDAQ:NANO) last posted its earnings results on Tuesday, February 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.14. The firm had revenue of $77.00 million during the quarter, compared to the consensus estimate of $72.65 million. Nanometrics had a net margin of 17.76% and a return on equity of 20.36%. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. On average, analysts expect that Nanometrics Incorporated will post 1.27 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Nanometrics by 1.9% during the 3rd quarter. BlackRock Inc. now owns 3,643,624 shares of the semiconductor company’s stock worth $136,710,000 after purchasing an additional 68,512 shares in the last quarter. Vanguard Group Inc. increased its position in Nanometrics by 14.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,722,179 shares of the semiconductor company’s stock worth $64,616,000 after purchasing an additional 218,259 shares in the last quarter. Vanguard Group Inc grew its position in Nanometrics by 14.5% in the third quarter. Vanguard Group Inc now owns 1,722,179 shares of the semiconductor company’s stock valued at $64,616,000 after acquiring an additional 218,259 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Nanometrics by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,589,168 shares of the semiconductor company’s stock valued at $43,433,000 after acquiring an additional 14,541 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Nanometrics by 63.1% in the fourth quarter. Fisher Asset Management LLC now owns 1,028,299 shares of the semiconductor company’s stock valued at $28,103,000 after acquiring an additional 397,677 shares in the last quarter. 83.88% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on NANO shares. ValuEngine upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. BidaskClub lowered shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Saturday, December 8th. Benchmark cut their price objective on shares of Nanometrics from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Stifel Nicolaus upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, October 31st. Finally, Zacks Investment Research downgraded shares of Nanometrics from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Nanometrics has an average rating of “Hold” and an average target price of $32.75.

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About Nanometrics

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.

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Insider Buying and Selling by Quarter for Nanometrics (NASDAQ:NANO)

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