Nanometrics Incorporated (NASDAQ:NANO) announced its earnings results on Thursday. The semiconductor company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01, Bloomberg Earnings reports. Nanometrics had a net margin of 19.23% and a return on equity of 10.46%. The business had revenue of $56.70 million during the quarter, compared to the consensus estimate of $56.53 million. During the same quarter last year, the firm earned $0.33 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Nanometrics updated its Q4 guidance to $0.40-0.50 EPS.

Shares of Nanometrics (NASDAQ:NANO) traded up $0.60 on Friday, hitting $28.07. 206,260 shares of the company traded hands, compared to its average volume of 101,851. The company has a market capitalization of $719.23 million, a P/E ratio of 27.13 and a beta of 1.81.

In related news, CFO Jeff Andreson sold 7,233 shares of Nanometrics stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $27.11, for a total value of $196,086.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 owns 300,651 shares of the company’s stock, valued at approximately $7,573,398.69. The disclosure for this sale can be found here. Insiders sold 69,738 shares of company stock valued at $1,850,540 in the last quarter. 6.70% of the stock is owned by insiders.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Benchmark Co. reaffirmed a “buy” rating and set a $34.00 target price on shares of Nanometrics in a research note on Friday, October 13th. Finally, BidaskClub downgraded shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.67.

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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.

Earnings History for Nanometrics (NASDAQ:NANO)

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