Nanometrics Incorporated (NASDAQ:NANO) – Analysts at KeyCorp increased their Q4 2017 earnings per share estimates for Nanometrics in a research note issued to investors on Thursday. KeyCorp analyst W. Twigg now anticipates that the semiconductor company will post earnings of $0.47 per share for the quarter, up from their previous estimate of $0.46. KeyCorp also issued estimates for Nanometrics’ Q1 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.61 EPS.

Several other analysts have also issued reports on NANO. Benchmark Co. restated a “buy” rating and issued a $34.00 price target on shares of Nanometrics in a research report on Friday, October 13th. Zacks Investment Research downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, BidaskClub downgraded shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Nanometrics currently has a consensus rating of “Buy” and an average target price of $31.67.

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Shares of Nanometrics (NANO) opened at $28.07 on Monday. The stock has a market cap of $718.44, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 2.03 and a beta of 1.81. Nanometrics has a 12-month low of $20.72 and a 12-month high of $32.42.

Nanometrics (NASDAQ:NANO) last released its earnings results on Thursday, November 2nd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Nanometrics had a net margin of 19.23% and a return on equity of 10.26%. The company had revenue of $56.70 million during the quarter, compared to the consensus estimate of $56.53 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The company’s revenue was down 3.4% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. lifted its stake in Nanometrics by 0.3% in the second quarter. Alps Advisors Inc. now owns 16,667 shares of the semiconductor company’s stock valued at $422,000 after buying an additional 43 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Nanometrics by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the semiconductor company’s stock worth $260,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Nanometrics by 0.8% in the second quarter. Arizona State Retirement System now owns 13,164 shares of the semiconductor company’s stock worth $333,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of Nanometrics by 1.2% in the second quarter. Texas Permanent School Fund now owns 18,437 shares of the semiconductor company’s stock worth $466,000 after purchasing an additional 221 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Nanometrics by 1.9% in the first quarter. Wells Fargo & Company MN now owns 16,780 shares of the semiconductor company’s stock worth $511,000 after purchasing an additional 316 shares in the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Timothy J. Stultz sold 20,000 shares of the business’s stock in a transaction that occurred on 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 owns 300,651 shares in the company, valued at $7,573,398.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeff Andreson sold 7,233 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $27.11, for a total transaction of $196,086.63. The disclosure for this sale can be found here. Insiders sold a total of 69,738 shares of company stock valued at $1,850,540 in the last 90 days. Corporate insiders own 6.70% of the company’s stock.

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.

Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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