Nanometrics Inc. (NASDAQ:NANO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “Nanometrics Inc. is a leader in the design, manufacture, marketing, and support of process monitoring systems for the semiconductor, data storage, and flat panel display industries. The company’s primary products are thin film measurement/analysis and overlay metrology systems. These products are used to analyze manufacturing quality at critical steps in production and to provide feedback for production control or notification of out-of-control processes. “
Separately, Stifel Nicolaus reissued a “buy” rating and set a $21.00 price target on shares of Nanometrics in a research note on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Nanometrics presently has an average rating of “Hold” and a consensus price target of $20.80.
Shares of Nanometrics (NASDAQ:NANO) opened at 21.90 on Tuesday. The stock has a 50 day moving average price of $20.83 and a 200-day moving average price of $18.72. The firm has a market capitalization of $542.94 million, a PE ratio of 63.85 and a beta of 1.45. Nanometrics has a 52 week low of $11.91 and a 52 week high of $22.73.
Nanometrics (NASDAQ:NANO) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm had revenue of $55.80 million for the quarter, compared to analysts’ expectations of $55.30 million. Nanometrics had a return on equity of 6.06% and a net margin of 4.44%. Nanometrics’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. Equities analysts anticipate that Nanometrics will post $0.99 earnings per share for the current year.
In other Nanometrics news, VP Stanislaw M. Borowicz sold 1,630 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $21.98, for a total transaction of $35,827.40. Following the transaction, the vice president now owns 44,433 shares of the company’s stock, valued at approximately $976,637.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jeff Andreson sold 5,010 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $22.50, for a total value of $112,725.00. The disclosure for this sale can be found here. 5.80% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of Nanometrics by 118.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,599 shares of the company’s stock worth $158,000 after buying an additional 4,124 shares in the last quarter. Arizona State Retirement System raised its position in shares of Nanometrics by 4.2% in the first quarter. Arizona State Retirement System now owns 12,364 shares of the company’s stock worth $196,000 after buying an additional 500 shares in the last quarter. Springbank Value Partners LP raised its position in shares of Nanometrics by 141.9% in the first quarter. Springbank Value Partners LP now owns 14,516 shares of the company’s stock worth $230,000 after buying an additional 8,516 shares in the last quarter. KBC Group NV acquired a new position in shares of Nanometrics during the second quarter worth $267,000. Finally, BlackRock Inc. raised its position in shares of Nanometrics by 790.8% in the second quarter. BlackRock Inc. now owns 12,837 shares of the company’s stock worth $267,000 after buying an additional 11,396 shares in the last quarter. 82.25% of the stock is currently owned by institutional investors.
Nanometrics Company Profile
Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The Company operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nanometrics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nanometrics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.