Nanometrics Inc. (NASDAQ:NANO) EVP Stanislaw M. Borowicz sold 4,184 shares of Nanometrics stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $25.50, for a total value of $106,692.00. Following the completion of the sale, the executive vice president now owns 38,619 shares of the company’s stock, valued at approximately $984,784.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Nanometrics Inc. (NASDAQ:NANO) opened at 24.22 on Monday. The stock has a 50 day moving average price of $21.81 and a 200 day moving average price of $20.63. Nanometrics Inc. has a 1-year low of $12.50 and a 1-year high of $25.69. The firm has a market capitalization of $603.47 million, a price-to-earnings ratio of 38.14 and a beta of 1.45.
Nanometrics (NASDAQ:NANO) last announced its earnings results on Thursday, October 27th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. Nanometrics had a return on equity of 9.34% and a net margin of 7.61%. The business earned $58.71 million during the quarter, compared to the consensus estimate of $57.53 million. During the same period in the prior year, the business posted $0.05 earnings per share. Nanometrics’s revenue was up 28.5% compared to the same quarter last year. Analysts predict that Nanometrics Inc. will post $1.02 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan increased its stake in shares of Nanometrics by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,410 shares of the company’s stock valued at $121,000 after buying an additional 90 shares in the last quarter. Strs Ohio bought a new stake in shares of Nanometrics during the third quarter valued at approximately $147,000. BNP Paribas Arbitrage SA increased its stake in shares of Nanometrics by 118.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,599 shares of the company’s stock valued at $158,000 after buying an additional 4,124 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Nanometrics during the third quarter valued at approximately $182,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Nanometrics during the third quarter valued at approximately $206,000. 85.80% of the stock is owned by institutional investors and hedge funds.
NANO has been the subject of several recent analyst reports. Zacks Investment Research cut Nanometrics from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Stifel Nicolaus lowered Nanometrics from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research note on Tuesday, November 22nd. They noted that the move was a valuation call.
Nanometrics Company Profile