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.
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.
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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.
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