Nanometrics (NASDAQ:NANO) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.33-0.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.48. The company issued revenue guidance of $69-75 million, compared to the consensus revenue estimate of $76.25 million.
A number of brokerages have commented on NANO. DA Davidson downgraded shares of Nanometrics from a buy rating to a neutral rating and set a $21.00 target price on the stock. in a research note on Thursday, August 16th. They noted that the move was a valuation call. BidaskClub upgraded shares of Nanometrics from a sell rating to a hold rating in a research note on Friday, August 3rd. Benchmark upped their target price on shares of Nanometrics to $43.00 and gave the stock a buy rating in a research note on Wednesday, August 1st. ValuEngine downgraded shares of Nanometrics from a buy rating to a hold rating in a research note on Wednesday, September 12th. Finally, Zacks Investment Research downgraded shares of Nanometrics from a buy rating to a hold rating in a research note on Thursday, July 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $35.50.
Shares of NANO traded up $1.12 during mid-day trading on Tuesday, hitting $31.83. The company’s stock had a trading volume of 293,200 shares, compared to its average volume of 309,259. Nanometrics has a 52-week low of $22.08 and a 52-week high of $48.26. The stock has a market capitalization of $747.03 million, a PE ratio of 25.52, a PEG ratio of 1.12 and a beta of 1.81.
In other news, Director Bruce C. Rhine sold 3,655 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $42.65, for a total value of $155,885.75. Following the completion of the sale, the director now owns 693,418 shares of the company’s stock, valued at approximately $29,574,277.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Janet Therese Taylor sold 747 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $41.93, for a total transaction of $31,321.71. The disclosure for this sale can be found here. Insiders sold a total of 66,063 shares of company stock valued at $2,789,433 in the last ninety days. Corporate insiders own 6.90% of the company’s stock.
Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress 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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