Nanometrics Incorporated (NASDAQ:NANO) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,054,900 shares, an increase of 6.0% from the July 31st total of 1,937,900 shares. Based on an average daily trading volume, of 246,700 shares, the short-interest ratio is presently 8.3 days. Approximately 8.9% of the shares of the company are short sold.
Several analysts recently issued reports on the company. BidaskClub raised Nanometrics from a “sell” rating to a “hold” rating in a report on Thursday. Benchmark reissued a “buy” rating and issued a $39.00 price target on shares of Nanometrics in a report on Wednesday, July 31st. B. Riley assumed coverage on Nanometrics in a report on Wednesday, June 19th. They issued a “buy” rating and a $41.00 price target on the stock. Zacks Investment Research raised Nanometrics from a “sell” rating to a “hold” rating in a report on Thursday. Finally, ValuEngine raised Nanometrics from a “hold” rating to a “buy” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $40.00.
Shares of NASDAQ NANO traded down $0.55 during mid-day trading on Friday, hitting $30.86. The company had a trading volume of 286,024 shares, compared to its average volume of 161,151. The stock has a market cap of $779.86 million, a price-to-earnings ratio of 13.02 and a beta of 1.64. Nanometrics has a 12 month low of $25.52 and a 12 month high of $38.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.34 and a quick ratio of 4.01. The firm’s 50 day simple moving average is $29.38 and its two-hundred day simple moving average is $31.10.
Nanometrics (NASDAQ:NANO) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Nanometrics had a return on equity of 10.97% and a net margin of 10.58%. The business had revenue of $67.62 million for the quarter, compared to the consensus estimate of $65.38 million. During the same quarter last year, the business posted $0.71 EPS. The business’s revenue was down 23.7% on a year-over-year basis. Equities analysts forecast that Nanometrics will post 1.38 earnings per share for the current year.
In related news, Director Timothy J. Stultz sold 47,986 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $35.04, for a total value of $1,681,429.44. Following the sale, the director now owns 257,249 shares of the company’s stock, valued at approximately $9,014,004.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy J. Stultz sold 12,014 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $35.17, for a total value of $422,532.38. Following the completion of the sale, the director now directly owns 239,263 shares in the company, valued at approximately $8,414,879.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,725 shares of company stock worth $2,129,533. 6.10% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of NANO. BlackRock Inc. increased its position in Nanometrics by 12.6% in the 2nd quarter. BlackRock Inc. now owns 4,038,476 shares of the semiconductor company’s stock valued at $140,175,000 after acquiring an additional 450,356 shares during the period. THB Asset Management acquired a new stake in Nanometrics in the 1st quarter valued at approximately $5,851,000. FMR LLC increased its position in 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 acquiring an additional 163,008 shares during the period. Parallel Advisors LLC acquired a new stake in Nanometrics in the 2nd quarter valued at approximately $5,469,000. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in Nanometrics in the 2nd quarter valued at approximately $5,169,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.
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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