Brokerages predict that Nanometrics Incorporated (NASDAQ:NANO) will post sales of $66.4 million for the current quarter, according to Zacks. Two analysts have made estimates for Nanometrics’ earnings, with estimates ranging from $65.8 million to $67 million. Nanometrics posted sales of $55.77 million during the same quarter last year, which would indicate a positive year over year growth rate of 19.1%. The company is expected to report its next earnings report on Tuesday, July 25th.
On average, analysts expect that Nanometrics will report full year sales of $66.4 million for the current financial year, with estimates ranging from $261.3 million to $265 million. For the next financial year, analysts expect that the business will report sales of $288 million per share. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Nanometrics.
Nanometrics (NASDAQ:NANO) last posted its earnings results on Tuesday, May 2nd. The semiconductor company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.05. Nanometrics had a return on equity of 12.62% and a net margin of 19.91%. The business had revenue of $59.31 million during the quarter, compared to analyst estimates of $59.15 million.
A number of research analysts recently issued reports on the stock. Benchmark Co. reissued a “buy” rating and set a $34.00 price target (up from $30.00) on shares of Nanometrics in a research report on Wednesday, May 3rd. Zacks Investment Research cut shares of Nanometrics from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Stifel Nicolaus decreased their target price 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.
Nanometrics (NASDAQ:NANO) traded down 1.29% during midday trading on Wednesday, hitting $28.26. 37,428 shares of the company were exchanged. The firm has a market capitalization of $713.59 million, a PE ratio of 15.64 and a beta of 1.48. The stock has a 50 day moving average of $29.55 and a 200 day moving average of $26.22. Nanometrics has a 1-year low of $17.00 and a 1-year high of $32.42.
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In other Nanometrics news, EVP Stanislaw M. Borowicz sold 3,280 shares of Nanometrics stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $27.94, for a total value of $91,643.20. Following the completion of the transaction, the executive vice president now directly owns 38,812 shares of the company’s stock, valued at $1,084,407.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rollin Kocher sold 4,482 shares of Nanometrics stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $27.97, for a total transaction of $125,361.54. Following the completion of the transaction, the senior vice president now directly owns 34,029 shares of the company’s stock, valued at $951,791.13. The disclosure for this sale can be found here. Insiders sold 53,461 shares of company stock valued at $1,506,988 over the last ninety days. Corporate insiders own 5.80% of the company’s stock.
Several hedge funds have recently made changes to their positions in NANO. Thompson Davis & CO. Inc. bought a new stake in shares of Nanometrics during the first quarter worth approximately $118,000. Municipal Employees Retirement System of Michigan raised its stake in shares of Nanometrics by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,410 shares of the semiconductor company’s stock worth $121,000 after buying an additional 90 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Nanometrics by 15.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,812 shares of the semiconductor company’s stock worth $147,000 after buying an additional 626 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Nanometrics by 643.3% in the first quarter. LS Investment Advisors LLC now owns 5,783 shares of the semiconductor company’s stock worth $176,000 after buying an additional 5,005 shares in the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of Nanometrics by 8.0% in the first quarter. Mason Street Advisors LLC now owns 5,883 shares of the semiconductor company’s stock worth $179,000 after buying an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 83.10% of the company’s stock.
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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