Q2 2019 EPS Estimates for Nanometrics Incorporated Lowered by Analyst (NASDAQ:NANO)

Nanometrics Incorporated (NASDAQ:NANO) – Equities research analysts at KeyCorp reduced their Q2 2019 earnings per share estimates for Nanometrics in a report issued on Tuesday, April 30th, Zacks Investment Research reports. KeyCorp analyst W. Twigg now expects that the semiconductor company will post earnings per share of $0.22 for the quarter, down from their previous estimate of $0.24. KeyCorp also issued estimates for Nanometrics’ Q1 2020 earnings at $0.54 EPS, Q2 2020 earnings at $0.56 EPS, Q3 2020 earnings at $0.45 EPS and Q4 2020 earnings at $0.53 EPS.

Other research analysts also recently issued reports about the stock. DA Davidson raised shares of Nanometrics from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $32.00 to $40.00 in a research report on Wednesday, May 1st. Needham & Company LLC assumed coverage on shares of Nanometrics in a research report on Tuesday, April 16th. They set a “buy” rating and a $37.00 price objective on the stock. Zacks Investment Research raised shares of Nanometrics from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Tuesday, May 7th. ValuEngine raised shares of Nanometrics from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, BidaskClub downgraded shares of Nanometrics from a “sell” rating to a “strong sell” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $39.20.

Nanometrics stock traded down $0.79 during mid-day trading on Thursday, reaching $31.35. 91,088 shares of the company traded hands, compared to its average volume of 196,572. The company has a current ratio of 5.24, a quick ratio of 3.98 and a debt-to-equity ratio of 0.03. The company has a market cap of $809.64 million, a P/E ratio of 13.23, a PEG ratio of 1.95 and a beta of 1.63. Nanometrics has a 52-week low of $25.52 and a 52-week high of $48.26.

Nanometrics (NASDAQ:NANO) last issued its earnings results on Tuesday, April 30th. The semiconductor company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). The firm had revenue of $67.10 million during the quarter, compared to analysts’ expectations of $64.82 million. Nanometrics had a return on equity of 15.43% and a net margin of 14.30%. The firm’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 earnings per share.

Several large investors have recently added to or reduced their stakes in NANO. Fisher Asset Management LLC grew its position in shares of Nanometrics by 63.1% in the 4th quarter. Fisher Asset Management LLC now owns 1,028,299 shares of the semiconductor company’s stock worth $28,103,000 after buying an additional 397,677 shares during the period. Vanguard Group Inc grew its position in shares of Nanometrics by 14.5% in the 3rd quarter. Vanguard Group Inc now owns 1,722,179 shares of the semiconductor company’s stock worth $64,616,000 after buying an additional 218,259 shares during the period. Vanguard Group Inc. grew its position in shares of Nanometrics by 14.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,722,179 shares of the semiconductor company’s stock worth $64,616,000 after buying an additional 218,259 shares during the period. THB Asset Management bought a new position in Nanometrics in the 1st quarter worth about $5,851,000. Finally, LSV Asset Management boosted its stake in Nanometrics by 167.4% in the 4th quarter. LSV Asset Management now owns 287,147 shares of the semiconductor company’s stock worth $7,847,000 after purchasing an additional 179,747 shares in the last quarter. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Timothy J. Stultz sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $28.68, for a total value of $860,400.00. Following the sale, the director now directly owns 243,208 shares of the company’s stock, valued at approximately $6,975,205.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy J. Stultz sold 17,667 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $30.13, for a total transaction of $532,306.71. Following the completion of the sale, the director now directly owns 253,208 shares in the company, valued at $7,629,157.04. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

Nanometrics Company Profile

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices, and industrial and scientific applications worldwide. The company offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress metrology for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.

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Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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