Nanometrics Inc. (NANO) Given Consensus Rating of “Hold” by Brokerages
Nanometrics Inc. (NASDAQ:NANO) has earned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $21.33.
NANO has been the topic of a number of recent research reports. Stifel Nicolaus increased their price objective on shares of Nanometrics from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, June 27th. Zacks Investment Research downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th.
Shares of Nanometrics (NASDAQ:NANO) traded down 5.680% during midday trading on Wednesday, reaching $20.175. 183,236 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $21.37 and its 200 day moving average is $19.32. The firm has a market cap of $500.18 million, a PE ratio of 58.819 and a beta of 1.46. Nanometrics has a one year low of $12.50 and a one year high of $23.61.
Nanometrics (NASDAQ:NANO) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. Nanometrics had a net margin of 4.44% and a return on equity of 6.06%. The business had revenue of $55.80 million for the quarter, compared to the consensus estimate of $55.30 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. Nanometrics’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts anticipate that Nanometrics will post $0.99 EPS for the current year.
In other Nanometrics news, VP Stanislaw M. Borowicz sold 1,630 shares of the firm’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $21.98, for a total value of $35,827.40. Following the completion of the transaction, the vice president now owns 44,433 shares of the company’s stock, valued at $976,637.34. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jeff Andreson sold 5,010 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $22.50, for a total transaction of $112,725.00. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of NANO. Royce & Associates LP boosted its position in Nanometrics by 6.2% in the first quarter. Royce & Associates LP now owns 2,807,174 shares of the company’s stock worth $44,466,000 after buying an additional 162,908 shares in the last quarter. BlackRock Fund Advisors boosted its position in Nanometrics by 3.6% in the second quarter. BlackRock Fund Advisors now owns 1,606,520 shares of the company’s stock worth $33,400,000 after buying an additional 55,176 shares in the last quarter. Vanguard Group Inc. boosted its position in Nanometrics by 6.3% in the second quarter. Vanguard Group Inc. now owns 1,101,602 shares of the company’s stock worth $22,903,000 after buying an additional 64,835 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Nanometrics by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 888,974 shares of the company’s stock worth $18,481,000 after buying an additional 20,026 shares in the last quarter. Finally, State Street Corp boosted its position in Nanometrics by 2.5% in the second quarter. State Street Corp now owns 454,583 shares of the company’s stock worth $9,450,000 after buying an additional 10,944 shares in the last quarter. 82.25% of the stock is owned by institutional investors and hedge funds.
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.
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