Equities analysts predict that Nanometrics Incorporated (NASDAQ:NANO) will post earnings of $0.28 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Nanometrics’ earnings. The highest EPS estimate is $0.28 and the lowest is $0.27. Nanometrics posted earnings per share of $0.33 during the same quarter last year, which suggests a negative year over year growth rate of 15.2%. The business is scheduled to report its next earnings report on Thursday, October 26th.
Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Nanometrics.
Nanometrics (NASDAQ:NANO) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $64.43 million for the quarter, compared to analyst estimates of $66.37 million. Nanometrics had a net margin of 19.94% and a return on equity of 11.95%. Nanometrics’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub cut shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Benchmark Co. restated a “buy” rating and issued a $34.00 price objective on shares of Nanometrics in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and upped their price objective for the stock from $29.00 to $31.00 in a report on Friday, June 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $31.50.
Nanometrics (NASDAQ NANO) opened at 26.60 on Friday. The company has a market cap of $678.17 million, a PE ratio of 14.15 and a beta of 1.74. The firm’s 50 day moving average is $25.73 and its 200 day moving average is $27.50. Nanometrics has a 52-week low of $18.65 and a 52-week high of $32.42.
In other news, General Counsel Janet Therese Taylor sold 2,505 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $25.65, for a total transaction of $64,253.25. Following the sale, the general counsel now owns 35,833 shares in the company, valued at $919,116.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Timothy J. Stultz sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $25.19, for a total transaction of $503,800.00. Following the sale, the chief executive officer now owns 300,651 shares in the company, valued at approximately $7,573,398.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,545 shares of company stock worth $1,668,963. Corporate insiders own 6.70% of the company’s stock.
Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Nanometrics by 13.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,213,933 shares of the semiconductor company’s stock valued at $36,976,000 after buying an additional 142,005 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Nanometrics by 10.7% during the first quarter. Bank of New York Mellon Corp now owns 839,815 shares of the semiconductor company’s stock valued at $25,580,000 after buying an additional 81,174 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Nanometrics by 15.0% during the first quarter. BNP Paribas Arbitrage SA now owns 4,812 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 626 shares during the last quarter. State of Wisconsin Investment Board grew its holdings in shares of Nanometrics by 2.2% during the second quarter. State of Wisconsin Investment Board now owns 230,000 shares of the semiconductor company’s stock valued at $5,817,000 after buying an additional 5,000 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Nanometrics by 2.1% during the first quarter. Prudential Financial Inc. now owns 46,591 shares of the semiconductor company’s stock valued at $1,419,000 after buying an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 81.28% of the company’s stock.
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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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