Equities research analysts expect Nanometrics Incorporated (NASDAQ:NANO) to announce $0.44 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Nanometrics’ earnings, with estimates ranging from $0.43 to $0.45. Nanometrics reported earnings of $0.22 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 100%. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 1st.
Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Nanometrics.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Nanometrics had a net margin of 16.55% and a return on equity of 19.74%. The business had revenue of $88.60 million for the quarter, compared to analyst estimates of $86.53 million. During the same period last year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up 37.5% on a year-over-year basis.
Several equities research analysts have issued reports on NANO shares. Stifel Nicolaus lifted their price target on shares of Nanometrics from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research lowered shares of Nanometrics from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. ValuEngine upgraded shares of Nanometrics from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. BidaskClub upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a research note on Friday, May 4th. Finally, DA Davidson lifted their price target on shares of Nanometrics to $42.00 and gave the company a “buy” rating in a research note on Monday, July 2nd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $40.75.
NANO stock traded up $1.12 during midday trading on Tuesday, hitting $42.27. The company’s stock had a trading volume of 987,590 shares, compared to its average volume of 251,212. Nanometrics has a twelve month low of $22.08 and a twelve month high of $44.17. The firm has a market capitalization of $983.10 million, a P/E ratio of 34.37, a PEG ratio of 1.49 and a beta of 1.79.
In other news, SVP Rollin Kocher sold 1,496 shares of the business’s stock in a transaction dated Sunday, May 27th. The shares were sold at an average price of $38.67, for a total transaction of $57,850.32. Following the transaction, the senior vice president now directly owns 39,891 shares in the company, valued at approximately $1,542,584.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Janet Therese Taylor sold 1,500 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $35.29, for a total transaction of $52,935.00. Following the transaction, the general counsel now owns 36,566 shares in the company, valued at $1,290,414.14. The disclosure for this sale can be found here. Insiders have sold a total of 54,539 shares of company stock worth $1,976,847 over the last 90 days. 6.90% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. increased its stake in shares of Nanometrics by 12,967.9% during the 2nd quarter. Sei Investments Co. now owns 3,659 shares of the semiconductor company’s stock worth $129,000 after purchasing an additional 3,631 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Nanometrics during the 1st quarter worth about $115,000. Piedmont Investment Advisors LLC acquired a new position in shares of Nanometrics during the 2nd quarter worth about $196,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Nanometrics during the 1st quarter worth about $154,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Nanometrics by 1,438.4% during the 2nd 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 own 85.96% 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 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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