Nanometrics (NANO) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Nanometrics (NASDAQ:NANO) from a buy rating to a hold rating in a research note published on Wednesday morning.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Nanometrics from a hold rating to a buy rating and set a $31.00 price objective for the company in a research report on Thursday, March 8th. Benchmark reaffirmed a buy rating and set a $33.00 price objective (down previously from $34.00) on shares of Nanometrics in a research report on Wednesday, February 7th.

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Shares of NANO stock opened at $26.90 on Wednesday. The company has a market cap of $639.18, a PE ratio of 21.87, a P/E/G ratio of 1.35 and a beta of 1.52. Nanometrics has a 52 week low of $22.08 and a 52 week high of $32.42.

Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. The company had revenue of $78.20 million during the quarter, compared to the consensus estimate of $76.95 million. Nanometrics had a net margin of 11.68% and a return on equity of 12.05%. The company’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. research analysts expect that Nanometrics will post 1.66 earnings per share for the current year.

In related news, General Counsel Janet Therese Taylor sold 1,654 shares of Nanometrics stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $24.54, for a total value of $40,589.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction on Monday, March 5th. The shares were sold at an average price of $26.48, for a total transaction of $529,600.00. Following the completion of the sale, the director now directly owns 352,087 shares of the company’s stock, valued at approximately $9,323,263.76. The disclosure for this sale can be found here. In the last three months, insiders sold 85,616 shares of company stock valued at $2,346,883. 6.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Nanometrics in the 3rd quarter valued at $158,000. Teacher Retirement System of Texas acquired a new stake in Nanometrics in the 4th quarter valued at $209,000. Municipal Employees Retirement System of Michigan grew its position in Nanometrics by 40.3% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,330 shares of the semiconductor company’s stock valued at $355,000 after purchasing an additional 3,540 shares during the period. MetLife Investment Advisors LLC acquired a new stake in Nanometrics in the 4th quarter valued at $318,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Nanometrics in the 4th quarter valued at $329,000. 85.73% of the stock is owned by institutional investors and hedge funds.

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Nanometrics Company Profile

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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