Several other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of Nanometrics from a sell rating to a hold rating in a research note on Thursday. Benchmark reiterated a buy rating and issued a $39.00 price target on shares of Nanometrics in a research note on Wednesday, July 31st. B. Riley initiated coverage on shares of Nanometrics in a research note on Wednesday, June 19th. They issued a buy rating and a $41.00 price target on the stock. Finally, ValuEngine downgraded Nanometrics from a buy rating to a hold rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Nanometrics currently has an average rating of Buy and an average price target of $40.00.
Nanometrics stock traded down $0.55 during mid-day trading on Thursday, hitting $30.86. The company had a trading volume of 302,394 shares, compared to its average volume of 214,408. The stock has a market cap of $765.76 million, a price-to-earnings ratio of 13.01 and a beta of 1.64. Nanometrics has a 1 year low of $25.52 and a 1 year high of $38.60. The company has a quick ratio of 4.01, a current ratio of 5.34 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $29.48 and a 200 day moving average of $31.09.
In other news, Director Timothy J. Stultz sold 47,986 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $35.04, for a total value of $1,681,429.44. Following the completion of the sale, the director now directly owns 257,249 shares of the company’s stock, valued at $9,014,004.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy J. Stultz sold 12,014 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $35.17, for a total value of $422,532.38. Following the completion of the sale, the director now directly owns 239,263 shares of the company’s stock, valued at $8,414,879.71. The disclosure for this sale can be found here. Insiders sold 60,725 shares of company stock valued at $2,129,533 over the last three months. Corporate insiders own 6.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Cutler Group LP boosted its holdings in shares of Nanometrics by 16,666.7% in the first quarter. Cutler Group LP now owns 1,509 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 1,500 shares during the period. US Bancorp DE lifted its holdings in shares of Nanometrics by 50.5% during the second quarter. US Bancorp DE now owns 1,619 shares of the semiconductor company’s stock worth $56,000 after purchasing an additional 543 shares during the period. Penserra Capital Management LLC lifted its holdings in shares of Nanometrics by 71.8% during the first quarter. Penserra Capital Management LLC now owns 2,685 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 1,122 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Nanometrics by 28.6% during the first quarter. Advisors Asset Management Inc. now owns 3,703 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 824 shares during the period. Finally, AlphaOne Investment Services LLC acquired a new stake in shares of Nanometrics during the second quarter worth $129,000. 89.05% of the stock is owned by institutional investors and hedge funds.
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, and industrial and scientific applications worldwide. The company offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress metrology 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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