Nanometrics (NANO) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Nanometrics (NASDAQ:NANO) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

A number of other research analysts also recently commented on NANO. Zacks Investment Research raised Nanometrics from a sell rating to a hold rating in a report on Wednesday, December 13th. Benchmark reaffirmed a buy rating and set a $33.00 target price (down previously from $34.00) on shares of Nanometrics in a report on Wednesday, February 7th.

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NANO stock opened at $27.97 on Wednesday. Nanometrics has a 1-year low of $22.08 and a 1-year high of $32.42. The company has a market capitalization of $705.00, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52.

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

In other news, Director Bruce C. Rhine sold 3,333 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $26.76, for a total transaction of $89,191.08. Following the sale, the director now directly owns 738,494 shares in the company, valued at approximately $19,762,099.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy J. Stultz sold 20,000 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $26.48, for a total value of $529,600.00. Following the sale, the director now owns 352,087 shares in the company, valued at $9,323,263.76. The disclosure for this sale can be found here. Insiders have sold a total of 85,616 shares of company stock worth $2,346,883 over the last quarter. Insiders own 6.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of Nanometrics by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,968 shares of the semiconductor company’s stock worth $480,000 after purchasing an additional 585 shares during the period. Teachers Advisors LLC raised its position in shares of Nanometrics by 0.5% during the 4th quarter. Teachers Advisors LLC now owns 410,009 shares of the semiconductor company’s stock worth $10,217,000 after purchasing an additional 2,019 shares during the period. Bank of Montreal Can raised its position in shares of Nanometrics by 6.1% during the 4th quarter. Bank of Montreal Can now owns 49,043 shares of the semiconductor company’s stock worth $1,222,000 after purchasing an additional 2,802 shares during the period. First Trust Advisors LP raised its position in shares of Nanometrics by 14.3% during the 4th quarter. First Trust Advisors LP now owns 23,019 shares of the semiconductor company’s stock worth $574,000 after purchasing an additional 2,879 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Nanometrics by 40.3% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,330 shares of the semiconductor company’s stock worth $355,000 after purchasing an additional 3,540 shares during the period. Institutional investors and hedge funds own 85.73% of the company’s stock.

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About Nanometrics

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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