Analysts expect Nanometrics Incorporated (NASDAQ:NANO) to report $0.44 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Nanometrics’ earnings, with estimates ranging from $0.42 to $0.46. Nanometrics posted earnings per share of $0.19 in the same quarter last year, which indicates a positive year-over-year growth rate of 131.6%. The company is scheduled to report its next quarterly earnings report on Tuesday, May 1st.
Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Nanometrics.
Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.06. The business had revenue of $78.20 million for the quarter, compared to analyst estimates of $76.95 million. Nanometrics had a net margin of 11.68% and a return on equity of 12.05%. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share.
Shares of Nanometrics (NASDAQ NANO) traded down $0.47 during mid-day trading on Wednesday, hitting $29.68. 156,750 shares of the stock were exchanged, compared to its average volume of 200,985. The company has a market capitalization of $712.60, a price-to-earnings ratio of 25.37, a PEG ratio of 1.51 and a beta of 1.52. Nanometrics has a twelve month low of $22.08 and a twelve month high of $32.42.
Nanometrics announced that its board has initiated a stock buyback program on Wednesday, November 15th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.
In other Nanometrics news, Director Timothy J. Stultz sold 20,000 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $26.48, for a total transaction of $529,600.00. Following the sale, the director now directly owns 352,087 shares of the company’s stock, valued at $9,323,263.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Janet Therese Taylor sold 1,654 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $24.54, for a total transaction of $40,589.16. The disclosure for this sale can be found here. Insiders have sold 85,616 shares of company stock worth $2,346,883 over the last ninety days. Insiders own 6.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH raised its position in shares of Nanometrics by 70.8% in the third quarter. Allianz Asset Management GmbH now owns 66,871 shares of the semiconductor company’s stock valued at $1,926,000 after purchasing an additional 27,723 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Nanometrics by 4.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,442,355 shares of the semiconductor company’s stock valued at $41,540,000 after purchasing an additional 67,827 shares during the period. JPMorgan Chase & Co. raised its position in shares of Nanometrics by 161.7% in the third quarter. JPMorgan Chase & Co. now owns 368,507 shares of the semiconductor company’s stock valued at $10,539,000 after purchasing an additional 227,710 shares during the period. GSA Capital Partners LLP bought a new position in shares of Nanometrics in the third quarter valued at about $865,000. Finally, TrueNorth Inc. bought a new position in shares of Nanometrics in the fourth quarter valued at about $1,192,000. 85.73% of the stock is currently owned by hedge funds and other institutional investors.
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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