Media headlines about Nanometrics (NASDAQ:NANO) have been trending positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Nanometrics earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 45.4838309016311 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
NANO has been the subject of several research analyst reports. Stifel Nicolaus upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and upped their price objective for the company from $29.00 to $31.00 in a research note on Friday, June 16th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Nanometrics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Benchmark Co. restated a “buy” rating and issued a $34.00 price objective on shares of Nanometrics in a research note on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Nanometrics currently has a consensus rating of “Buy” and an average price target of $31.50.
Nanometrics (NASDAQ:NANO) opened at 25.96 on Tuesday. The firm has a market cap of $661.85 million, a P/E ratio of 13.81 and a beta of 1.74. Nanometrics has a 1-year low of $18.65 and a 1-year high of $32.42. The firm has a 50-day moving average of $25.87 and a 200 day moving average of $27.55.
Nanometrics (NASDAQ:NANO) last released its earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $64.43 million during the quarter, compared to the consensus estimate of $66.37 million. Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. Nanometrics’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. On average, analysts predict that Nanometrics will post $1.20 EPS for the current year.
In other news, General Counsel Janet Therese Taylor sold 2,505 shares of Nanometrics stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $25.65, for a total value of $64,253.25. Following the completion of the transaction, the general counsel now directly owns 35,833 shares of the company’s stock, valued at approximately $919,116.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $25.19, for a total transaction of $503,800.00. Following the completion of the transaction, the chief executive officer now directly owns 300,651 shares of the company’s stock, valued at $7,573,398.69. The disclosure for this sale can be found here. Insiders sold a total of 44,545 shares of company stock valued at $1,145,563 in the last three months. Insiders own 6.70% of the company’s stock.
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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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