KeyCorp Comments on Nanometrics Incorporated’s Q4 2018 Earnings (NANO)

Nanometrics Incorporated (NASDAQ:NANO) – Equities researchers at KeyCorp decreased their Q4 2018 earnings per share (EPS) estimates for shares of Nanometrics in a report released on Tuesday, October 30th. KeyCorp analyst W. Twigg now expects that the semiconductor company will earn $0.40 per share for the quarter, down from their prior estimate of $0.52. KeyCorp also issued estimates for Nanometrics’ Q1 2019 earnings at $0.45 EPS and Q2 2019 earnings at $0.51 EPS.

NANO has been the subject of a number of other research reports. ValuEngine cut Nanometrics from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. BidaskClub cut Nanometrics from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. Benchmark reiterated a “buy” rating and set a $43.00 price objective on shares of Nanometrics in a research note on Friday, October 5th. Zacks Investment Research cut Nanometrics from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Stifel Nicolaus upgraded Nanometrics from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $34.00.

Shares of NASDAQ:NANO opened at $33.50 on Thursday. The firm has a market cap of $768.27 million, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.15 and a beta of 1.81. Nanometrics has a 12-month low of $22.08 and a 12-month high of $48.26.

Nanometrics (NASDAQ:NANO) last released its earnings results on Tuesday, October 30th. The semiconductor company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The company had revenue of $76.60 million during the quarter, compared to analysts’ expectations of $74.43 million. Nanometrics had a return on equity of 22.02% and a net margin of 17.32%. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS.

Several institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. increased its holdings in shares of Nanometrics by 12.1% in the 2nd quarter. Alps Advisors Inc. now owns 17,875 shares of the semiconductor company’s stock worth $445,000 after purchasing an additional 1,929 shares in the last quarter. IMA Wealth Inc. increased its holdings in shares of Nanometrics by 3.2% in the 3rd quarter. IMA Wealth Inc. now owns 78,794 shares of the semiconductor company’s stock worth $2,956,000 after purchasing an additional 2,421 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Nanometrics by 5.7% in the 2nd quarter. Legal & General Group Plc now owns 46,817 shares of the semiconductor company’s stock worth $1,664,000 after purchasing an additional 2,506 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Nanometrics by 0.9% in the 1st quarter. Northern Trust Corp now owns 296,012 shares of the semiconductor company’s stock worth $7,962,000 after purchasing an additional 2,579 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Nanometrics by 1.4% in the 3rd quarter. American Century Companies Inc. now owns 185,953 shares of the semiconductor company’s stock worth $6,977,000 after purchasing an additional 2,629 shares in the last quarter. 85.28% of the stock is owned by institutional investors and hedge funds.

In other Nanometrics news, Director Bruce C. Rhine sold 3,655 shares of Nanometrics stock in a transaction on Monday, August 6th. The stock was sold at an average price of $42.65, for a total value of $155,885.75. Following the completion of the sale, the director now owns 693,418 shares of the company’s stock, valued at approximately $29,574,277.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Janet Therese Taylor sold 2,305 shares of Nanometrics stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $44.78, for a total value of $103,217.90. Following the completion of the sale, the general counsel now directly owns 33,056 shares of the company’s stock, valued at approximately $1,480,247.68. The disclosure for this sale can be found here. Insiders have sold 66,063 shares of company stock valued at $2,789,433 in the last quarter. 6.90% of the stock is owned by company insiders.

About Nanometrics

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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Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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