DA Davidson Analysts Lower Earnings Estimates for Nanometrics Incorporated (NANO)

Nanometrics Incorporated (NASDAQ:NANO) – Equities researchers at DA Davidson cut their Q1 2019 EPS estimates for shares of Nanometrics in a report released on Wednesday, February 6th. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings per share of $0.20 for the quarter, down from their previous estimate of $0.40. DA Davidson also issued estimates for Nanometrics’ Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.43 EPS, FY2019 earnings at $1.25 EPS, Q3 2020 earnings at $0.53 EPS, Q4 2020 earnings at $0.60 EPS and FY2020 earnings at $2.00 EPS.

Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Nanometrics from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub upgraded shares of Nanometrics from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 17th. Benchmark reiterated a “buy” rating and issued a $37.00 target price on shares of Nanometrics in a report on Wednesday, December 26th. ValuEngine downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Friday, December 7th. Finally, Stifel Nicolaus upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $32.75.

NASDAQ NANO opened at $29.40 on Monday. Nanometrics has a 12 month low of $24.74 and a 12 month high of $48.26. The company has a market capitalization of $703.83 million, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.91 and a beta of 1.73.

Nanometrics (NASDAQ:NANO) last released its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. Nanometrics had a net margin of 17.76% and a return on equity of 20.36%. The company had revenue of $77.00 million for the quarter, compared to the consensus estimate of $72.65 million. During the same period in the previous year, the firm earned $0.53 EPS. Nanometrics’s revenue was down 1.5% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in NANO. Fisher Asset Management LLC grew its position in Nanometrics by 63.1% during the fourth quarter. Fisher Asset Management LLC now owns 1,028,299 shares of the semiconductor company’s stock valued at $28,103,000 after purchasing an additional 397,677 shares in the last quarter. Wells Fargo & Company MN grew its position in Nanometrics by 65.1% during the third quarter. Wells Fargo & Company MN now owns 66,506 shares of the semiconductor company’s stock valued at $2,495,000 after purchasing an additional 26,234 shares in the last quarter. Vanguard Group Inc. grew its position in Nanometrics by 14.5% during the third quarter. Vanguard Group Inc. now owns 1,722,179 shares of the semiconductor company’s stock valued at $64,616,000 after purchasing an additional 218,259 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Nanometrics by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,574,627 shares of the semiconductor company’s stock valued at $59,078,000 after purchasing an additional 36,956 shares in the last quarter. Finally, BlackRock Inc. grew its position in Nanometrics by 1.9% during the third quarter. BlackRock Inc. now owns 3,643,624 shares of the semiconductor company’s stock valued at $136,710,000 after purchasing an additional 68,512 shares in the last quarter. Institutional investors and hedge funds own 85.94% of the company’s stock.

In other news, VP Greg Swyt sold 1,794 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $31.05, for a total transaction of $55,703.70. Following the sale, the vice president now owns 9,884 shares in the company, valued at $306,898.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Pierre-Yves Lesaicherre sold 6,856 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $31.31, for a total transaction of $214,661.36. The disclosure for this sale can be found here. Insiders have sold 10,201 shares of company stock worth $315,750 in the last 90 days. 6.90% of the stock is owned by company insiders.

About Nanometrics

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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Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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