Shares of Nanometrics Incorporated (NASDAQ:NANO) hit a new 52-week high and low during trading on Friday . The stock traded as low as $39.58 and last traded at $38.74, with a volume of 15215 shares changing hands. The stock had previously closed at $38.86.
Several analysts have recently commented on NANO shares. BidaskClub downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Stifel Nicolaus raised their price objective on shares of Nanometrics from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Nanometrics from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. ValuEngine upgraded shares of Nanometrics from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Benchmark restated a “buy” rating and set a $36.00 price objective (up previously from $33.00) on shares of Nanometrics in a report on Wednesday, May 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Nanometrics currently has an average rating of “Buy” and a consensus target price of $36.33.
The firm has a market capitalization of $923.86 million, a PE ratio of 31.44, a PEG ratio of 1.42 and a beta of 1.53.
Nanometrics (NASDAQ:NANO) last posted its quarterly earnings data on Tuesday, May 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.23. Nanometrics had a net margin of 14.64% and a return on equity of 16.38%. The business had revenue of $82.30 million during the quarter, compared to the consensus estimate of $72.33 million. During the same quarter last year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was up 38.8% compared to the same quarter last year. research analysts anticipate that Nanometrics Incorporated will post 2.26 earnings per share for the current year.
In other Nanometrics news, Director J Thomas Bentley sold 15,000 shares of the stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $37.93, for a total transaction of $568,950.00. Following the completion of the transaction, the director now owns 84,478 shares in the company, valued at $3,204,250.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce C. Rhine sold 50,000 shares of the stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $35.12, for a total transaction of $1,756,000.00. The disclosure for this sale can be found here. Insiders have sold 188,990 shares of company stock valued at $6,077,592 in the last 90 days. 6.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Flinton Capital Management LLC boosted its position in Nanometrics by 32.1% during the first quarter. Flinton Capital Management LLC now owns 6,018 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 1,462 shares during the period. Teachers Advisors LLC boosted its position in Nanometrics by 0.5% during the fourth quarter. Teachers Advisors LLC now owns 410,009 shares of the semiconductor company’s stock worth $10,217,000 after purchasing an additional 2,019 shares during the period. Northern Trust Corp boosted its position in Nanometrics by 0.9% during the first quarter. Northern Trust Corp now owns 296,012 shares of the semiconductor company’s stock worth $7,962,000 after purchasing an additional 2,579 shares during the period. Bank of Montreal Can boosted its position in Nanometrics by 6.1% during the fourth quarter. Bank of Montreal Can now owns 49,043 shares of the semiconductor company’s stock worth $1,222,000 after purchasing an additional 2,802 shares during the period. Finally, First Trust Advisors LP boosted its position in Nanometrics by 14.3% during the fourth quarter. First Trust Advisors LP now owns 23,019 shares of the semiconductor company’s stock worth $574,000 after purchasing an additional 2,879 shares during the period. Hedge funds and other institutional investors own 84.05% of the company’s stock.
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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