Nanometrics Incorporated (NASDAQ:NANO) has been the object of insider selling activity recently. Timothy J. Stultz, President & CEO disclosed the sale of 20,000 shares of (NANO). The shares were sold on July 11th for an average price of $26.30. The President & CEO now owns $7,381,121 of the stock according to the SEC filing. Rollin Kocher, Sr VP sold $61,003 worth of shares at a price of $27.97 on Mon the 29th. Kocher now owns $765,427 of stock as recorded in a recent Form 4 SEC filing.
Stanislaw M. Borowicz, EVP, Business Operations disclosed the sale of 751 shares of NANO stock. The shares were purchased at an average price of $27.15. Borowicz now owns $1,002,758 of the stock per the Form 4 SEC filing.
Nanometrics Incorporated, launched on January 18, 2005, 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. The Business’s automated and integrated metrology systems measure critical dimensions, device structures, topography and various thin film properties, including three-dimensional features and film thickness, as well as optical, electrical and material properties. The Business’s process control solutions are deployed throughout the fabrication process, from front-end-of-line substrate manufacturing, to production of semiconductors and other devices, to three-dimensional wafer-level packaging applications. The Business’s automated systems primarily consist of automated metrology systems that are employed in semiconductor production environments..
Here are a few other firms who have also updated their positions. As of quarter end Creative Planning had bought 3,460 shares growing its holdings by 38.2%. The value of the investment in (NANO) increased from $276,000 to $317,000 increasing 14.9% since the last quarter. As of the end of the quarter Bank Of Montreal /can/ had acquired a total of 178 shares growing its stake by 46.8%. The value of the company’s investment in Nanometrics Incorporated went from $12,000 to $14,000 a change of $2,000 for the reporting period.
As of the end of the quarter Capstone Asset Management Co had sold a total of 480 shares trimming its position 3.1%. The value of the total investment in Nanometrics Incorporated decreased from $465,000 to $374,000 a change of 19.6% quarter over quarter. As of quarter end Morgan Stanley had acquired a total of 7,361 shares growing its holdings by 388.0%. The value in dollars increased from $48,000 to $282,000 a change of $234,000 quarter to quarter.
On June 16 the company was set at “Buy” by Stifel Nicolaus a boost from the previous “Hold” rating. On November 23, 2016 the stock rating was changed to a “Hold” according to a Stifel Nicolaus report which was a cut from the previous “Buy” rating.
On October 12 the stock rating was downgraded from “Overweight” to “Sector Weight” in an announcement from Pacific Crest. October 8 investment analysts at KeyBanc kept the stock rating at “Overweight” but moved down the price target from $21.00 to $19.00.
DA Davidson both upgraded the stock and raised the price target on August 10 changing the price target from $18.00 to $21.00 and altering the rating from “Neutral” to “Buy”. On August 10 the company was upgraded to “Buy” from “Neutral” and a price target of $21.00 was set by analysts at DA Davidson.
The company is up by 1.14% since yesterday’s close of $26.3. Company chares are trading at $26.60 a tad below $27.30, the 50 day moving average and just below the 200 day moving average of $27.42. The 50 day moving average was down $-0.70 whereas the 200 day average was down by -2.99%.
Nanometrics Incorporated currently has a P/E ratio of 14.72 and the market cap of the company is 671.68M. In the latest earnings report the EPS was $1.81 and is projected to be $1.23 for the current year with 25,251,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.35 with next year’s EPS anticipated to be $1.62.
Short traders are feeling a little more bullish on shares of the company if you take a look at the change in short interest. The stock saw a fall in short interest from June 15, 2017 to May 31, 2017 of -7.71%. Short shares decreased 44,026 over that period. Days to cover decreased from 2.9 to 2.2 and the percentage of shorted shares was 0.02% on May 31.