Nanometrics (NASDAQ:NANO) had its price target upped by DA Davidson to $42.00 in a report issued on Monday. DA Davidson currently has a buy rating on the semiconductor companys stock. DA Davidson also issued estimates for Nanometrics Q2 2018 earnings at $0.66 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.44 EPS, FY2018 earnings at $2.15 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.61 EPS, Q3 2019 earnings at $0.69 EPS, Q4 2019 earnings at $0.62 EPS and FY2019 earnings at $2.45 EPS.
A number of other analysts have also recently commented on the company. Zacks Investment Research upgraded Nanometrics from a hold rating to a buy rating and set a $31.00 target price on the stock in a research report on Thursday, March 8th. BidaskClub upgraded Nanometrics from a sell rating to a hold rating in a research report on Tuesday, March 6th. Stifel Nicolaus cut Nanometrics from a buy rating to a hold rating and lifted their target price for the stock from $35.00 to $40.00 in a research report on Monday, May 28th. They noted that the move was a valuation call. Finally, Benchmark reiterated a buy rating and set a $36.00 target price (up previously from $33.00) on shares of Nanometrics in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $39.00.
Nanometrics (NASDAQ:NANO) last posted its earnings results on Tuesday, May 1st. The semiconductor company reported $0.67 EPS for the quarter, topping the Zacks consensus estimate of $0.44 by $0.23. Nanometrics had a return on equity of 16.38% and a net margin of 14.64%. The business had revenue of $82.30 million for the quarter, compared to analysts expectations of $72.33 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The businesss revenue was up 38.8% compared to the same quarter last year. equities research analysts predict that Nanometrics will post 2.26 EPS for the current year.
In other Nanometrics news, Director Timothy J. Stultz sold 35,000 shares of Nanometrics stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $35.40, for a total value of $1,239,000.00. Following the sale, the director now owns 282,087 shares of the companys stock, valued at approximately $9,985,879.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Rollin Kocher sold 720 shares of Nanometrics stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $35.32, for a total value of $25,430.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,501 shares of company stock worth $4,133,114. Corporate insiders own 6.90% of the companys stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Flinton Capital Management LLC boosted its holdings in Nanometrics by 32.1% in the 1st quarter. Flinton Capital Management LLC now owns 6,018 shares of the semiconductor companys stock valued at $162,000 after purchasing an additional 1,462 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Nanometrics by 0.5% in the 4th quarter. Teachers Advisors LLC now owns 410,009 shares of the semiconductor companys stock valued at $10,217,000 after purchasing an additional 2,019 shares in the last quarter. Northern Trust Corp boosted its holdings in Nanometrics by 0.9% in the 1st quarter. Northern Trust Corp now owns 296,012 shares of the semiconductor companys stock valued at $7,962,000 after purchasing an additional 2,579 shares in the last quarter. First Trust Advisors LP boosted its holdings in Nanometrics by 14.3% in the 4th quarter. First Trust Advisors LP now owns 23,019 shares of the semiconductor companys stock valued at $574,000 after purchasing an additional 2,879 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Nanometrics by 11.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 29,415 shares of the semiconductor companys stock valued at $791,000 after purchasing an additional 3,102 shares in the last quarter. 83.96% of the stock is currently owned by institutional investors.
This article provided by NewsEdge.