Nanometrics Incorporated (NASDAQ:NANO) has received an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $32.33.
A number of research analysts have recently commented on NANO shares. Zacks Investment Research raised Nanometrics from a “sell” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, January 2nd. Benchmark reiterated a “buy” rating and set a $37.00 price objective on shares of Nanometrics in a research note on Wednesday, December 26th. BidaskClub upgraded Nanometrics from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Finally, ValuEngine upgraded Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.
In related news, Director Timothy J. Stultz sold 30,000 shares of Nanometrics stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $28.68, for a total value of $860,400.00. Following the completion of the sale, the director now owns 243,208 shares of the company’s stock, valued at $6,975,205.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy J. Stultz sold 17,667 shares of Nanometrics stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $30.13, for a total value of $532,306.71. Following the completion of the sale, the director now directly owns 253,208 shares of the company’s stock, valued at approximately $7,629,157.04. The disclosure for this sale can be found here. Insiders have sold 48,270 shares of company stock valued at $1,408,827 in the last quarter. 6.90% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its position in Nanometrics by 15.2% during the fourth quarter. American Century Companies Inc. now owns 214,139 shares of the semiconductor company’s stock valued at $5,852,000 after purchasing an additional 28,186 shares in the last quarter. Geode Capital Management LLC lifted its position in Nanometrics by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 260,948 shares of the semiconductor company’s stock valued at $7,131,000 after purchasing an additional 14,971 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Nanometrics during the fourth quarter valued at $342,000. Macquarie Group Ltd. lifted its position in Nanometrics by 4.0% during the fourth quarter. Macquarie Group Ltd. now owns 31,643 shares of the semiconductor company’s stock valued at $865,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Hancock Whitney Corp lifted its position in shares of Nanometrics by 39.9% in the fourth quarter. Hancock Whitney Corp now owns 24,146 shares of the semiconductor company’s stock valued at $660,000 after acquiring an additional 6,886 shares in the last quarter. Institutional investors own 86.79% of the company’s stock.
NANO traded down $0.24 on Friday, reaching $29.01. The company had a trading volume of 151,884 shares, compared to its average volume of 220,796. Nanometrics has a 1 year low of $24.74 and a 1 year high of $48.26. The stock has a market cap of $724.26 million, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.91 and a beta of 1.68.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. The business had revenue of $77.00 million for the quarter, compared to analyst estimates of $72.65 million. Nanometrics had a net margin of 17.76% and a return on equity of 20.36%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. On average, analysts anticipate that Nanometrics will post 1.27 earnings per share for the current fiscal year.
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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