Nanometrics Incorporated (NASDAQ:NANO) – Analysts at DA Davidson lifted their Q2 2018 earnings per share estimates for shares of Nanometrics in a note issued to investors on Wednesday. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings of $0.42 per share for the quarter, up from their previous estimate of $0.37. DA Davidson also issued estimates for Nanometrics’ Q4 2018 earnings at $0.44 EPS, FY2018 earnings at $1.70 EPS, Q3 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.53 EPS and FY2019 earnings at $2.00 EPS.
Nanometrics (NASDAQ:NANO) last posted its quarterly earnings data 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 net margin of 11.68% and a return on equity of 12.05%. The firm had revenue of $78.20 million during the quarter, compared to analyst estimates of $76.95 million. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue was up 32.1% on a year-over-year basis.
Nanometrics (NANO) traded up $0.66 during trading on Friday, reaching $25.20. 10,995 shares of the company were exchanged, compared to its average volume of 186,036. Nanometrics has a 1 year low of $22.08 and a 1 year high of $32.42. The firm has a market cap of $664.69, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.34 and a beta of 1.66.
Nanometrics declared that its board has authorized a share repurchase plan on Wednesday, November 15th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.
In other Nanometrics news, CEO Timothy J. Stultz sold 14,166 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $25.93, for a total value of $367,324.38. Following the completion of the sale, the chief executive officer now owns 294,817 shares in the company, valued at approximately $7,644,604.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 14,781 shares of company stock valued at $382,656. Insiders own 6.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in NANO. SG Americas Securities LLC bought a new position in shares of Nanometrics during the 3rd quarter valued at $158,000. Teacher Retirement System of Texas bought a new position in shares of Nanometrics during the 4th quarter valued at $209,000. LS Investment Advisors LLC raised its holdings in shares of Nanometrics by 36.9% during the 3rd quarter. LS Investment Advisors LLC now owns 7,824 shares of the semiconductor company’s stock valued at $225,000 after purchasing an additional 2,109 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Nanometrics by 39.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 9,765 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 2,765 shares in the last quarter. Finally, Virtu KCG Holdings LLC bought a new position in shares of Nanometrics during the 2nd quarter valued at $296,000. Institutional investors own 83.05% of the company’s stock.
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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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