Equities research analysts forecast that Nanometrics Incorporated (NASDAQ:NANO) will post $62.23 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Nanometrics’ earnings. The highest sales estimate is $62.60 million and the lowest is $62.00 million. Nanometrics posted sales of $58.71 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that Nanometrics will report full-year sales of $62.23 million for the current year, with estimates ranging from $259.70 million to $260.40 million. For the next year, analysts expect that the company will post sales of $286.93 million per share, with estimates ranging from $283.80 million to $290.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Nanometrics.
Nanometrics (NASDAQ:NANO) last posted its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. The firm had revenue of $64.43 million during the quarter, compared to analysts’ expectations of $66.37 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. Nanometrics’s revenue for the quarter was up 15.5% compared to the same quarter last year.
Several brokerages have recently issued reports on NANO. Zacks Investment Research cut Nanometrics from a “hold” rating to a “sell” rating in a report on Friday, August 4th. BidaskClub cut Nanometrics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Benchmark Co. reaffirmed a “buy” rating and issued a $34.00 target price on shares of Nanometrics in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus raised Nanometrics from a “hold” rating to a “buy” rating and lifted their target price for the stock from $29.00 to $31.00 in a report on Friday, June 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Nanometrics presently has an average rating of “Buy” and a consensus target price of $31.67.
In other Nanometrics news, General Counsel Janet Therese Taylor sold 2,505 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $25.65, for a total transaction of $64,253.25. Following the completion of the transaction, the general counsel now owns 35,833 shares in the company, valued at $919,116.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy J. Stultz sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $26.17, for a total value of $523,400.00. Following the transaction, the chief executive officer now owns 300,651 shares of the company’s stock, valued at approximately $7,868,036.67. The disclosure for this sale can be found here. Insiders have sold 49,738 shares of company stock worth $1,287,540 over the last three months. 6.70% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its holdings in shares of Nanometrics by 0.3% in the second quarter. Alps Advisors Inc. now owns 16,667 shares of the semiconductor company’s stock valued at $422,000 after purchasing an additional 43 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Nanometrics by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the semiconductor company’s stock valued at $260,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System boosted its holdings in shares of Nanometrics by 0.8% in the second quarter. Arizona State Retirement System now owns 13,164 shares of the semiconductor company’s stock valued at $333,000 after purchasing an additional 100 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Nanometrics by 0.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 24,480 shares of the semiconductor company’s stock valued at $745,000 after purchasing an additional 180 shares during the period. Finally, Texas Permanent School Fund boosted its holdings in shares of Nanometrics by 1.2% in the second quarter. Texas Permanent School Fund now owns 18,437 shares of the semiconductor company’s stock valued at $466,000 after purchasing an additional 221 shares during the period. Hedge funds and other institutional investors own 81.28% of the company’s stock.
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Nanometrics (NANO) traded down 0.25% during trading on Friday, hitting $28.32. The stock had a trading volume of 107,567 shares. Nanometrics has a 52-week low of $18.65 and a 52-week high of $32.42. The firm has a market cap of $722.02 million, a P/E ratio of 15.06 and a beta of 1.80. The company has a 50-day moving average of $26.89 and a 200 day moving average of $27.42.
Nanometrics Company Profile
Nanometrics Incorporated 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.
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