Nanometrics (NASDAQ:NANO) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of Nanometrics (NASDAQ:NANO) from a sell rating to a hold rating in a research report report published on Friday morning, BidAskClub reports.

A number of other research firms have also recently weighed in on NANO. ValuEngine raised Nanometrics from a hold rating to a buy rating in a research report on Wednesday, May 1st. Zacks Investment Research raised Nanometrics from a hold rating to a buy rating and set a $38.00 price objective for the company in a research report on Tuesday, May 7th. B. Riley began coverage on Nanometrics in a research report on Wednesday, June 19th. They set a buy rating and a $41.00 price objective for the company. Needham & Company LLC began coverage on Nanometrics in a research report on Tuesday, April 16th. They set a buy rating and a $37.00 price objective for the company. Finally, DA Davidson raised Nanometrics from a neutral rating to a buy rating and increased their price objective for the stock from $32.00 to $40.00 in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Nanometrics currently has a consensus rating of Buy and a consensus target price of $39.50.

Shares of NASDAQ NANO opened at $33.77 on Friday. The stock has a market capitalization of $828.55 million, a P/E ratio of 14.25, a PEG ratio of 1.96 and a beta of 1.57. The company has a quick ratio of 3.98, a current ratio of 5.24 and a debt-to-equity ratio of 0.03. Nanometrics has a 52-week low of $25.52 and a 52-week high of $48.26.

Nanometrics (NASDAQ:NANO) last announced its earnings results on Tuesday, April 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The firm had revenue of $67.10 million during the quarter, compared to analyst estimates of $64.82 million. Nanometrics had a net margin of 14.30% and a return on equity of 15.43%. The firm’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. As a group, research analysts forecast that Nanometrics will post 1.43 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in Nanometrics by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,589,168 shares of the semiconductor company’s stock worth $43,433,000 after acquiring an additional 14,541 shares during the period. FMR LLC lifted its holdings in shares of Nanometrics by 15.6% in the 1st quarter. FMR LLC now owns 1,209,498 shares of the semiconductor company’s stock valued at $37,349,000 after buying an additional 163,008 shares during the period. Royce & Associates LP lifted its holdings in shares of Nanometrics by 23.9% in the 1st quarter. Royce & Associates LP now owns 457,807 shares of the semiconductor company’s stock valued at $14,137,000 after buying an additional 88,186 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Nanometrics by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 331,439 shares of the semiconductor company’s stock valued at $9,059,000 after buying an additional 12,021 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Nanometrics by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 260,948 shares of the semiconductor company’s stock valued at $7,131,000 after buying an additional 14,971 shares during the period. 85.72% of the stock is owned by institutional investors.

About Nanometrics

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices, and industrial and scientific applications worldwide. The company offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress metrology 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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