Nanometrics (NANO) – Research Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Nanometrics (NASDAQ: NANO):

  • 3/9/2018 – Nanometrics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Nanometrics is a leading provider of advanced, high-performance process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, such as data storage components and discrete including high-brightness LEDs and power management components. It’s automated and integrated metrology systems measure critical dimensions, device structures, overlay registration, topography and various thin film properties, including film thickness as well as optical, electrical and material properties. The company’s process control solutions are deployed throughout the fabrication process, from front-end-of-line substrate manufacturing, to high-volume production of semiconductors and other devices, to advanced wafer-scale packaging applications. Nanometrics’ systems enable advanced process control for device manufacturers, providing improved device yield at reduced manufacturing cycle time, supporting the accelerated product life cycles in the semiconductor market. “
  • 3/8/2018 – Nanometrics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock. According to Zacks, “Nanometrics is a leading provider of advanced, high-performance process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, such as data storage components and discrete including high-brightness LEDs and power management components. It’s automated and integrated metrology systems measure critical dimensions, device structures, overlay registration, topography and various thin film properties, including film thickness as well as optical, electrical and material properties. The company’s process control solutions are deployed throughout the fabrication process, from front-end-of-line substrate manufacturing, to high-volume production of semiconductors and other devices, to advanced wafer-scale packaging applications. Nanometrics’ systems enable advanced process control for device manufacturers, providing improved device yield at reduced manufacturing cycle time, supporting the accelerated product life cycles in the semiconductor market. “
  • 3/6/2018 – Nanometrics was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 2/27/2018 – Nanometrics was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/14/2018 – Nanometrics was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 2/7/2018 – Nanometrics had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $33.00 price target on the stock, down previously from $34.00. They wrote, “HAS (Buy, $108 PT) reported 4Q EPS of $2.30 vs. B. Riley FBR/consensus estimates of $1.86/ $1.81, despite a revenue decline of –2% vs. B. Riley FBR/consensus estimates of +8.9%/+5.3%. For the fourth quarter, growth in Franchise Brands was offset by Y/Y declines in Partner Brands, Hasbro Gaming and Emerging Brands. For FY17, HAS reported EPS of $5.46, ahead of B. Riley FBR/consensus estimates of $4.98/$4.93 on revenue of +4%%. We will be listening on the call this morning for more details on the impact from the Toys R” Us bankruptcy, tax reform impacts, expectations for performance of Star Wars into 2018, and initial thoughts on outlooks by segment for 2018.””
  • 2/2/2018 – Nanometrics was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Nanometrics Incorporated (NASDAQ NANO) traded up $0.16 during trading hours on Friday, reaching $29.88. 46,348 shares of the company’s stock traded hands, compared to its average volume of 195,651. The stock has a market cap of $705.23, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. Nanometrics Incorporated has a 52-week low of $22.08 and a 52-week high of $32.42.

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Nanometrics (NASDAQ:NANO) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.06. The firm had revenue of $78.20 million during the quarter, compared to analyst estimates of $76.95 million. Nanometrics had a net margin of 11.68% and a return on equity of 12.05%. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. equities research analysts expect that Nanometrics Incorporated will post 1.66 earnings per share for the current year.

In other news, General Counsel Janet Therese Taylor sold 1,654 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $24.54, for a total transaction of $40,589.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy J. Stultz sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $26.48, for a total transaction of $529,600.00. Following the sale, the director now owns 352,087 shares of the company’s stock, valued at approximately $9,323,263.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,616 shares of company stock valued at $2,346,883. Company insiders own 6.70% of the company’s stock.

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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