Nanometrics Incorporated (NASDAQ:NANO) SVP Rollin Kocher sold 1,807 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $24.54, for a total value of $44,343.78. Following the sale, the senior vice president now directly owns 28,331 shares of the company’s stock, valued at $695,242.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.

Shares of Nanometrics Incorporated (NASDAQ:NANO) opened at $26.02 on Tuesday. Nanometrics Incorporated has a 52-week low of $22.08 and a 52-week high of $32.42. The stock has a market capitalization of $665.97, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 1.28 and a beta of 1.65.

Nanometrics (NASDAQ:NANO) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.06. Nanometrics had a return on equity of 12.05% and a net margin of 11.68%. The business had revenue of $78.20 million during the quarter, compared to the consensus estimate of $76.95 million. During the same period last year, the business posted $0.33 earnings per share. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. analysts anticipate that Nanometrics Incorporated will post 1.66 EPS for the current fiscal year.

Nanometrics announced that its board has initiated a share buyback program on Wednesday, November 15th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of large investors have recently added to or reduced their stakes in NANO. Schwab Charles Investment Management Inc. increased its position in Nanometrics by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 113,351 shares of the semiconductor company’s stock worth $2,867,000 after buying an additional 1,286 shares during the last quarter. Wells Fargo & Company MN increased its position in Nanometrics by 3.5% in the second quarter. Wells Fargo & Company MN now owns 17,373 shares of the semiconductor company’s stock worth $439,000 after buying an additional 593 shares during the last quarter. Ameriprise Financial Inc. increased its position in Nanometrics by 72.5% in the second quarter. Ameriprise Financial Inc. now owns 320,772 shares of the semiconductor company’s stock worth $8,112,000 after buying an additional 134,802 shares during the last quarter. Thrivent Financial For Lutherans increased its position in Nanometrics by 8.2% in the second quarter. Thrivent Financial For Lutherans now owns 15,350 shares of the semiconductor company’s stock worth $388,000 after buying an additional 1,160 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in Nanometrics by 8.5% in the second quarter. New York State Common Retirement Fund now owns 32,201 shares of the semiconductor company’s stock worth $814,000 after buying an additional 2,534 shares during the last quarter. 83.00% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on NANO. Benchmark reaffirmed a “buy” rating and set a $33.00 price target (down from $34.00) on shares of Nanometrics in a research report on Wednesday, February 7th. BidaskClub downgraded Nanometrics from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research downgraded Nanometrics from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd.

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About Nanometrics

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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