Equities analysts expect Nanometrics Incorporated (NASDAQ:NANO) to report earnings per share of $0.31 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Nanometrics’ earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.32. Nanometrics posted earnings per share of $0.26 during the same quarter last year, which would indicate a positive year over year growth rate of 19.2%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, August 1st.
Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Nanometrics.
Nanometrics (NASDAQ:NANO) last released its quarterly earnings data on Tuesday, May 2nd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.05. Nanometrics had a net margin of 19.71% and a return on equity of 12.17%. The business had revenue of $59.31 million for the quarter, compared to the consensus estimate of $59.15 million.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Friday, May 5th. Stifel Nicolaus lowered their price target on shares of Nanometrics from $29.00 to $25.00 and set a “hold” rating for the company in a report on Wednesday, May 3rd. Finally, Benchmark Co. reiterated a “buy” rating and set a $34.00 price target (up previously from $30.00) on shares of Nanometrics in a report on Wednesday, May 3rd.
In other news, VP Kevin Heidrich sold 969 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $27.15, for a total transaction of $26,308.35. Following the completion of the sale, the vice president now owns 34,707 shares in the company, valued at approximately $942,295.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rollin Kocher sold 1,183 shares of the business’s stock in a transaction that occurred on Saturday, May 27th. The stock was sold at an average price of $27.97, for a total transaction of $33,088.51. Following the sale, the senior vice president now owns 28,364 shares of the company’s stock, valued at approximately $793,341.08. The disclosure for this sale can be found here. Insiders have sold a total of 57,124 shares of company stock valued at $1,551,599 in the last 90 days. Insiders own 6.70% of the company’s stock.
Several hedge funds have recently modified their holdings of NANO. Russell Investments Group Ltd. bought a new stake in shares of Nanometrics during the fourth quarter valued at $1,621,000. Oxford Asset Management increased its stake in shares of Nanometrics by 8.6% in the first quarter. Oxford Asset Management now owns 114,723 shares of the semiconductor company’s stock valued at $3,494,000 after buying an additional 9,055 shares in the last quarter. Guggenheim Capital LLC bought a new stake in shares of Nanometrics during the fourth quarter valued at $2,746,000. Creative Planning bought a new stake in shares of Nanometrics during the first quarter valued at $276,000. Finally, Comerica Bank increased its stake in shares of Nanometrics by 6.1% in the fourth quarter. Comerica Bank now owns 26,288 shares of the semiconductor company’s stock valued at $672,000 after buying an additional 1,506 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.
Shares of Nanometrics (NANO) opened at 27.27 on Monday. The stock has a market cap of $688.59 million, a PE ratio of 15.09 and a beta of 1.73. The company’s 50-day moving average is $26.77 and its 200-day moving average is $27.54. Nanometrics has a 52-week low of $18.65 and a 52-week high of $32.42.
About Nanometrics
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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