Nanometrics Incorporated (NASDAQ:NANO) SVP Rollin Kocher sold 1,807 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $24.54, for a total value of $44,343.78. Following the completion of the transaction, the senior vice president now directly owns 28,331 shares of the company’s stock, valued at approximately $695,242.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Rollin Kocher also recently made the following trade(s):
- 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.
Nanometrics Incorporated (NASDAQ NANO) opened at $25.79 on Wednesday. The company has a market capitalization of $660.09, a PE ratio of 22.04, a P/E/G ratio of 1.28 and a beta of 1.65. Nanometrics Incorporated has a 1-year low of $22.08 and a 1-year high of $32.42.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $78.20 million during the quarter, compared to the consensus estimate of $76.95 million. Nanometrics had a return on equity of 12.05% and a net margin of 11.68%. Nanometrics’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 earnings per share. analysts anticipate that Nanometrics Incorporated will post 1.66 earnings per share for the current fiscal year.
Nanometrics announced that its Board of Directors has initiated a stock buyback plan on Wednesday, November 15th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the semiconductor company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Allianz Asset Management GmbH raised its stake in Nanometrics by 70.8% during the third quarter. Allianz Asset Management GmbH now owns 66,871 shares of the semiconductor company’s stock valued at $1,926,000 after buying an additional 27,723 shares in the last quarter. Vanguard Group Inc. raised its stake in Nanometrics by 3.0% during the second quarter. Vanguard Group Inc. now owns 1,316,237 shares of the semiconductor company’s stock valued at $33,287,000 after buying an additional 37,840 shares in the last quarter. Peregrine Capital Management LLC raised its stake in Nanometrics by 3.5% during the third quarter. Peregrine Capital Management LLC now owns 568,982 shares of the semiconductor company’s stock valued at $16,387,000 after buying an additional 19,388 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Nanometrics by 4.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,442,355 shares of the semiconductor company’s stock valued at $41,540,000 after buying an additional 67,827 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Nanometrics by 161.7% during the third quarter. JPMorgan Chase & Co. now owns 368,507 shares of the semiconductor company’s stock valued at $10,539,000 after buying an additional 227,710 shares in the last quarter. Hedge funds and other institutional investors own 83.00% of the company’s stock.
A number of brokerages recently commented on NANO. BidaskClub downgraded Nanometrics from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded Nanometrics from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, Benchmark reissued a “buy” rating and issued a $33.00 price target (down previously from $34.00) on shares of Nanometrics in a report on Wednesday, February 7th.
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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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