Insider Change: Kevin Heidrich Sold $750,000 Worth of Nanometrics Incorporated (NASDAQ:NANO) Stock

November 24, 2016 - By Peter Kolinski

Insider Change: Kevin Heidrich Sold $750,000 Worth of Nanometrics Incorporated (NASDAQ:NANO) Stock

Kevin Heidrich Insider Sell

Kevin Heidrich; that is an insider in Nanometrics Inc who is the most recent to sell shares in the firm for which he is for the time being a Senior VP – Marketing. Kevin in the last few days made a sale of 30,000 shares of the company, valued by the market at roughly $750,000 U.S Dollars, that is a share price of nearly $25.0. He also unloaded 3,083 shares worth total $67,826 USD in the last 30 days. Dated November 22, 2016, this unexpected sale by Kevin Heidrich was revealed in the a filing which was filed together with the Washington-based SEC. It is at your disposal for a review here. Kevin Heidrich now indirectly has rights to 0 shares. He also directly has rights to 40419 shares. In total he holds a stake of 0.17%.

Nanometrics Incorporated (NASDAQ:NANO) Ratings Coverage

Out of 4 analysts covering Nanometrics (NASDAQ:NANO), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. $25 is the highest target while $19 is the lowest. The $21.67 average target is -10.05% below today’s ($24.09) stock price. Nanometrics has been the topic of 6 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, June 27 by Stifel Nicolaus. DA Davidson upgraded the shares of NANO in a report on Monday, August 10 to “Neutral” rating. The stock of Nanometrics Incorporated (NASDAQ:NANO) earned “Sector Weight” rating by Pacific Crest on Wednesday, October 12. The stock of Nanometrics Incorporated (NASDAQ:NANO) earned “Hold” rating by Stifel Nicolaus on Wednesday, November 23. TheStreet downgraded the shares of NANO in a report on Friday, October 16 to “Sell” rating.

Insitutional Activity: The institutional sentiment decreased to 1.89 in 2016 Q2. Its down 0.36, from 2.25 in 2016Q1. The ratio turned negative, as 6 funds sold all Nanometrics Incorporated shares owned while 26 reduced positions. 30 funds bought stakes while 42 increased positions. They now own 19.93 million shares or 0.04% more from 19.93 million shares in 2016Q1.

Metropolitan Life has 18,427 shares for 0% of their US portfolio. Springbank Value Limited Partnership accumulated 0.54% or 15,516 shares. Blackrock Fund Advsrs owns 1.61M shares or 0.01% of their US portfolio. Swiss Bancorporation holds 0% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO) for 43,900 shares. Citigroup Incorporated holds 0% or 13,721 shares in its portfolio. Moreover, Deutsche Natl Bank Ag has 0% invested in Nanometrics Incorporated (NASDAQ:NANO) for 114,865 shares. Murphy Michael R accumulated 5.56% or 680,232 shares. The Massachusetts-based State Street has invested 0% in Nanometrics Incorporated (NASDAQ:NANO). Fmr Limited Liability holds 134,900 shares or 0% of its portfolio. Goldman Sachs Group Inc holds 0% or 31,872 shares in its portfolio. Kingdom Ridge Capital, a New York-based fund reported 115,093 shares. Schwab Charles Investment has 0% invested in the company for 81,417 shares. Moreover, California State Teachers Retirement Systems has 0% invested in Nanometrics Incorporated (NASDAQ:NANO) for 49,627 shares. Ameriprise Financial owns 189,449 shares or 0% of their US portfolio. Prudential Fincl has 0% invested in the company for 58,821 shares.

Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 11 sales for $889,083 net activity. Borowicz Stanislaw M. sold $7,613 worth of stock or 416 shares. $205,100 worth of Nanometrics Incorporated (NASDAQ:NANO) was sold by Rhine Bruce C. $112,725 worth of Nanometrics Incorporated (NASDAQ:NANO) was sold by Andreson Jeff. $22,428 worth of Nanometrics Incorporated (NASDAQ:NANO) was sold by Taylor Janet Therese. 3,083 shares were sold by Heidrich Kevin, worth $67,826 on Monday, November 7.

The stock decreased 4.14% or $1.04 on November 23, hitting $24.09. About 265,352 shares traded hands or 70.09% up from the average. Nanometrics Incorporated (NASDAQ:NANO) has risen 53.93% since April 22, 2016 and is uptrending. It has outperformed by 48.52% the S&P500.

Nanometrics Incorporated provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The company has a market cap of $608.47 million. The Firm operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems. It has a 38.87 P/E ratio. The Company’s automated and integrated systems address process control applications, including critical dimension and film thickness measurement, device topography, defect inspection, and analysis of various other film properties, such as optical, electrical and material characteristics.

According to Zacks Investment Research, “Nanometrics Inc. is a leader in the design, manufacture, marketing, and support of process monitoring systems for the semiconductor, data storage, and flat panel display industries. The company’s primary products are thin film measurement/analysis and overlay metrology systems. These products are used to analyze manufacturing quality at critical steps in production and to provide feedback for production control or notification of out-of-control processes.”

Analysts await Nanometrics Incorporated (NASDAQ:NANO) to report earnings on February, 7. NANO’s profit will be $6.57M for 23.16 P/E if the $0.26 EPS becomes a reality. After $0.33 actual earnings per share reported by Nanometrics Incorporated for the previous quarter, Wall Street now forecasts -21.21% negative EPS growth.

NANO Company Profile

Nanometrics Incorporated (Nanometrics), incorporated on January 18, 2005, provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The Firm operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems. The Company’s automated and integrated systems address process control applications, including critical dimension and film thickness measurement, device topography, defect inspection, and analysis of various other film properties, such as optical, electrical and material characteristics. The Company’s process control solutions are deployed throughout the fabrication process, from front-end-of-line substrate manufacturing, to high-volume production of semiconductors and other devices, to advanced wafer-scale packaging applications.

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