Nanometrics Inc. (NASDAQ:NANO) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Tuesday. They currently have a $25.00 price objective on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 3.78% from the company’s previous close. The analysts noted that the move was a valuation call.

Separately, 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) opened at 24.09 on Tuesday. Nanometrics has a 52 week low of $12.50 and a 52 week high of $25.69. The stock has a 50 day moving average price of $21.78 and a 200 day moving average price of $20.58. The firm has a market capitalization of $600.23 million, a P/E ratio of 37.94 and a beta of 1.45.

Nanometrics (NASDAQ:NANO) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. The business earned $58.71 million during the quarter, compared to the consensus estimate of $57.53 million. Nanometrics had a net margin of 7.61% and a return on equity of 9.34%. The firm’s revenue for the quarter was up 28.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 earnings per share. Analysts forecast that Nanometrics will post $1.02 EPS for the current year.

In other news, CFO Jeff Andreson sold 5,010 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $22.50, for a total transaction of $112,725.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stanislaw M. Borowicz sold 1,630 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $21.98, for a total transaction of $35,827.40. Following the transaction, the vice president now directly owns 44,433 shares of the company’s stock, valued at $976,637.34. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan increased its position in shares of Nanometrics by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,410 shares of the company’s stock valued at $121,000 after buying an additional 90 shares during the period. Strs Ohio purchased a new position in shares of Nanometrics during the third quarter valued at approximately $147,000. BNP Paribas Arbitrage SA increased 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 valued at $158,000 after buying an additional 4,124 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Nanometrics during the third quarter valued at approximately $182,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Nanometrics during the third quarter valued at approximately $206,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

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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.

5 Day Chart for NASDAQ:NANO

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