Nanometrics Incorporated (NASDAQ:NANO) Director J Thomas Bentley sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $37.93, for a total value of $568,950.00. Following the sale, the director now directly owns 84,478 shares in the company, valued at $3,204,250.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NANO traded up $0.16 during trading on Thursday, hitting $38.06. The company’s stock had a trading volume of 180,301 shares, compared to its average volume of 223,758. Nanometrics Incorporated has a twelve month low of $22.08 and a twelve month high of $39.23. The firm has a market cap of $919.55 million, a P/E ratio of 30.94, a PEG ratio of 1.42 and a beta of 1.53.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Tuesday, May 1st. The semiconductor company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.44 by $0.23. Nanometrics had a return on equity of 16.38% and a net margin of 14.64%. The company had revenue of $82.30 million for the quarter, compared to analyst estimates of $72.33 million. During the same period last year, the company earned $0.19 earnings per share. Nanometrics’s quarterly revenue was up 38.8% compared to the same quarter last year. analysts anticipate that Nanometrics Incorporated will post 2.26 earnings per share for the current fiscal year.
Several analysts have commented on NANO shares. BidaskClub raised Nanometrics from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Zacks Investment Research raised Nanometrics from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Thursday, March 8th. Finally, Benchmark reissued a “buy” rating and issued a $33.00 price objective (down from $34.00) on shares of Nanometrics in a report on Wednesday, February 7th. Five analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $36.33.
A number of institutional investors and hedge funds have recently modified their holdings of NANO. UBS Group AG grew its holdings in Nanometrics by 16,408.6% in the first quarter. UBS Group AG now owns 395,876 shares of the semiconductor company’s stock valued at $10,649,000 after purchasing an additional 393,478 shares during the period. Franklin Resources Inc. grew its holdings in Nanometrics by 43.0% in the fourth quarter. Franklin Resources Inc. now owns 893,110 shares of the semiconductor company’s stock valued at $22,256,000 after purchasing an additional 268,636 shares during the period. BlackRock Inc. grew its holdings in Nanometrics by 3.0% in the fourth quarter. BlackRock Inc. now owns 3,229,719 shares of the semiconductor company’s stock valued at $80,486,000 after purchasing an additional 95,367 shares during the period. Millennium Management LLC lifted its position in shares of Nanometrics by 127.2% in the fourth quarter. Millennium Management LLC now owns 108,230 shares of the semiconductor company’s stock valued at $2,697,000 after acquiring an additional 60,592 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Nanometrics by 171.3% in the fourth quarter. Raymond James & Associates now owns 92,343 shares of the semiconductor company’s stock valued at $2,301,000 after acquiring an additional 58,311 shares in the last quarter. 84.05% of the stock is currently owned by institutional investors.
Nanometrics Company Profile
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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