Analysts predict that Nanometrics Incorporated (NASDAQ:NANO) will report $72.25 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Nanometrics’ earnings, with estimates ranging from $71.50 million to $73.00 million. Nanometrics reported sales of $78.21 million in the same quarter last year, which indicates a negative year over year growth rate of 7.6%. The business is scheduled to issue its next earnings results on Tuesday, February 5th.
On average, analysts expect that Nanometrics will report full year sales of $319.13 million for the current year, with estimates ranging from $317.90 million to $320.50 million. For the next fiscal year, analysts expect that the firm will report sales of $326.90 million, with estimates ranging from $310.70 million to $340.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Nanometrics.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The firm had revenue of $76.60 million for the quarter, compared to analyst estimates of $74.43 million. Nanometrics had a return on equity of 21.49% and a net margin of 17.32%. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company earned $0.22 EPS.
NANO has been the subject of a number of research analyst reports. Benchmark raised their target price on Nanometrics to $43.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. BidaskClub upgraded Nanometrics from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. DA Davidson cut Nanometrics from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research note on Thursday, August 16th. They noted that the move was a valuation call. ValuEngine cut Nanometrics from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Finally, Stifel Nicolaus upgraded Nanometrics from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.00.
In other Nanometrics news, 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 transaction of $103,217.90. Following the completion of the transaction, the general counsel now owns 33,056 shares in the company, valued at $1,480,247.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy J. Stultz sold 30,000 shares of Nanometrics stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $41.95, for a total value of $1,258,500.00. Following the transaction, the director now owns 281,221 shares of the company’s stock, valued at approximately $11,797,220.95. The disclosure for this sale can be found here. Insiders have sold 62,408 shares of company stock valued at $2,633,548 in the last quarter. 6.90% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the business. Sei Investments Co. raised its stake in Nanometrics by 12,967.9% during the second quarter. Sei Investments Co. now owns 3,659 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 3,631 shares during the last quarter. Advisors Preferred LLC purchased a new position in shares of Nanometrics in the second quarter worth $167,000. Piedmont Investment Advisors LLC purchased a new position in shares of Nanometrics in the second quarter worth $196,000. Pinebridge Investments L.P. purchased a new position in shares of Nanometrics in the second quarter worth $198,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Nanometrics by 1,438.4% in the second quarter. Meeder Asset Management Inc. now owns 5,769 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 5,394 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.
Shares of NANO traded down $0.69 on Friday, reaching $32.81. The stock had a trading volume of 5,506 shares, compared to its average volume of 317,798. The stock has a market cap of $811.22 million, a PE ratio of 26.70, a PEG ratio of 1.24 and a beta of 1.79. Nanometrics has a 12-month low of $22.08 and a 12-month high of $48.26.
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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