Nanometrics (NANO) Receives Coverage Optimism Rating of 0.25

Media coverage about Nanometrics (NASDAQ:NANO) has been trending positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nanometrics earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.0153242343707 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Several research firms recently weighed in on NANO. Zacks Investment Research raised shares of Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Benchmark reaffirmed a “buy” rating and set a $34.00 target price on shares of Nanometrics in a research note on Friday, October 13th. Finally, BidaskClub raised shares of Nanometrics from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st.

Nanometrics (NANO) opened at $24.69 on Thursday. Nanometrics has a 12-month low of $23.73 and a 12-month high of $32.42. The company has a market cap of $639.35, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.79 and a beta of 1.75.

Nanometrics (NASDAQ:NANO) last released its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Nanometrics had a net margin of 19.23% and a return on equity of 10.26%. The business had revenue of $56.70 million during the quarter, compared to analyst estimates of $56.53 million. During the same quarter last year, the business earned $0.33 earnings per share. Nanometrics’s quarterly revenue was down 3.4% compared to the same quarter last year. equities analysts expect that Nanometrics will post 1.16 earnings per share for the current fiscal year.

Nanometrics declared that its board has approved a stock buyback plan on Wednesday, November 15th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

In other Nanometrics news, CEO Timothy J. Stultz sold 20,000 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $28.15, for a total transaction of $563,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy J. Stultz sold 14,166 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $25.93, for a total transaction of $367,324.38. Following the transaction, the chief executive officer now owns 294,817 shares of the company’s stock, valued at approximately $7,644,604.81. The disclosure for this sale can be found here. 6.70% of the stock is owned by company insiders.

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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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