Nanometrics Incorporated (NANO) General Counsel Sells $40,589.16 in Stock

Nanometrics Incorporated (NASDAQ:NANO) General Counsel Janet Therese Taylor sold 1,654 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $24.54, for a total transaction of $40,589.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Nanometrics Incorporated (NANO) opened at $26.60 on Thursday. The stock has a market cap of $660.09, a PE ratio of 20.80, a PEG ratio of 1.30 and a beta of 1.66. Nanometrics Incorporated has a 52-week low of $22.08 and a 52-week high of $32.42.

Nanometrics (NASDAQ:NANO) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. The company had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $76.95 million. Nanometrics had a net margin of 11.68% and a return on equity of 12.05%. Nanometrics’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 earnings per share. equities 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 share buyback 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 board believes its stock is undervalued.

Institutional investors have recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its position in shares of Nanometrics by 70.8% in the third quarter. Allianz Asset Management GmbH now owns 66,871 shares of the semiconductor company’s stock valued at $1,926,000 after acquiring an additional 27,723 shares during the period. Vanguard Group Inc. lifted its position in Nanometrics by 3.0% during the second quarter. Vanguard Group Inc. now owns 1,316,237 shares of the semiconductor company’s stock worth $33,287,000 after purchasing an additional 37,840 shares during the period. Peregrine Capital Management LLC lifted its position in Nanometrics by 3.5% during the third quarter. Peregrine Capital Management LLC now owns 568,982 shares of the semiconductor company’s stock worth $16,387,000 after purchasing an additional 19,388 shares during the period. Dimensional Fund Advisors LP lifted its position 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 worth $41,540,000 after purchasing an additional 67,827 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Nanometrics by 161.7% during the third quarter. JPMorgan Chase & Co. now owns 368,507 shares of the semiconductor company’s stock worth $10,539,000 after purchasing an additional 227,710 shares during the period. 83.00% of the stock is owned by institutional investors.

Several equities analysts have commented on NANO shares. BidaskClub downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Zacks Investment Research raised shares of Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. Finally, Benchmark reissued a “buy” rating and issued a $33.00 target price (down previously from $34.00) on shares of Nanometrics in a research 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.

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

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