BidaskClub Lowers Nanometrics (NANO) to Sell

Nanometrics (NASDAQ:NANO) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday, April 10th.

Several other equities analysts also recently commented on NANO. Zacks Investment Research upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. Benchmark reiterated a “buy” rating and set a $33.00 target price (down previously from $34.00) on shares of Nanometrics in a research note on Wednesday, February 7th.

How to Become a New Pot Stock Millionaire

Shares of NANO stock traded up $0.59 during trading on Tuesday, hitting $27.27. 84,859 shares of the stock traded hands, compared to its average volume of 182,187. Nanometrics has a 52-week low of $22.08 and a 52-week high of $32.42. The firm has a market cap of $634.72, a PE ratio of 21.98, a PEG ratio of 1.34 and a beta of 1.51.

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

In other news, SVP Rollin Kocher sold 4,528 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $30.00, for a total value of $135,840.00. Following the completion of the sale, the senior vice president now directly owns 41,387 shares of the company’s stock, valued at $1,241,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Janet Therese Taylor sold 1,654 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $24.54, for a total transaction of $40,589.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,001 shares of company stock valued at $2,331,551. Insiders own 6.90% of the company’s stock.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Nanometrics by 3.0% in the fourth quarter. BlackRock Inc. now owns 3,229,719 shares of the semiconductor company’s stock valued at $80,486,000 after buying an additional 95,367 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings 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 in the last quarter. Renaissance Technologies LLC raised its holdings in Nanometrics by 0.4% during the fourth quarter. Renaissance Technologies LLC now owns 987,400 shares of the semiconductor company’s stock worth $24,606,000 after purchasing an additional 4,300 shares in the last quarter. Franklin Resources Inc. raised its holdings in Nanometrics by 43.0% during the fourth quarter. Franklin Resources Inc. now owns 893,110 shares of the semiconductor company’s stock worth $22,256,000 after purchasing an additional 268,636 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its holdings in Nanometrics by 0.7% during the fourth quarter. Peregrine Capital Management LLC now owns 572,684 shares of the semiconductor company’s stock worth $14,271,000 after purchasing an additional 3,702 shares in the last quarter. 85.34% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “BidaskClub Lowers Nanometrics (NANO) to Sell” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://ledgergazette.com/2018/04/17/bidaskclub-downgrades-nanometrics-nano-to-sell.html.

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 worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.

Receive News & Ratings for Nanometrics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nanometrics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply