Nanometrics Incorporated (NASDAQ:NANO) – Investment analysts at DA Davidson dropped their FY2017 earnings estimates for shares of Nanometrics in a report released on Friday. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will earn $1.15 per share for the year, down from their prior forecast of $1.16. DA Davidson also issued estimates for Nanometrics’ Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.47 EPS and FY2018 earnings at $1.65 EPS.
Several other analysts have also recently commented on NANO. Benchmark Co. reaffirmed a “buy” rating and issued a $34.00 target price on shares of Nanometrics in a research report on Wednesday, August 2nd. BidaskClub lowered Nanometrics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Nanometrics from a “hold” rating to a “sell” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $31.67.
Shares of Nanometrics (NANO) opened at $28.07 on Monday. The company has a market capitalization of $718.44, a price-to-earnings ratio of 26.99, a PEG ratio of 2.03 and a beta of 1.81. Nanometrics has a 12-month low of $20.72 and a 12-month high of $32.42.
Nanometrics (NASDAQ:NANO) last released its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The business had revenue of $56.70 million during the quarter, compared to analyst estimates of $56.53 million. Nanometrics had a return on equity of 10.26% and a net margin of 19.23%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS.
In other news, CFO Jeff Andreson sold 7,233 shares of Nanometrics stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $27.11, for a total value of $196,086.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $28.15, for a total value of $563,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,738 shares of company stock worth $1,850,540. Corporate insiders own 6.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. increased its stake 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 worth $422,000 after purchasing an additional 43 shares during the period. Louisiana State Employees Retirement System increased its stake 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 worth $260,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System increased its stake 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 worth $333,000 after purchasing an additional 100 shares during the period. Texas Permanent School Fund grew its position in Nanometrics by 1.2% during the second quarter. Texas Permanent School Fund now owns 18,437 shares of the semiconductor company’s stock worth $466,000 after buying an additional 221 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Nanometrics by 1.9% during the first quarter. Wells Fargo & Company MN now owns 16,780 shares of the semiconductor company’s stock worth $511,000 after buying an additional 316 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.
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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