Nanometrics (NASDAQ:NANO) announced its earnings results on Tuesday. The semiconductor company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14, Bloomberg Earnings reports. The business had revenue of $77.00 million during the quarter, compared to analyst estimates of $72.65 million. Nanometrics had a net margin of 17.32% and a return on equity of 21.49%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Nanometrics updated its Q1 2019 guidance to $0.16-0.27 EPS and its Q1 guidance to $0.16-0.27 EPS.
Shares of NANO stock traded down $0.58 during mid-day trading on Wednesday, reaching $30.11. 4,882 shares of the company’s stock traded hands, compared to its average volume of 139,523. Nanometrics has a 12 month low of $22.08 and a 12 month high of $48.26. The company has a market cap of $749.23 million, a price-to-earnings ratio of 24.23, a PEG ratio of 1.16 and a beta of 1.73.
A number of equities research analysts have weighed in on NANO shares. BidaskClub lowered shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Saturday, December 8th. ValuEngine lowered shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Stifel Nicolaus upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, October 31st. Zacks Investment Research lowered shares of Nanometrics from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 17th. Finally, Benchmark reiterated a “buy” rating and set a $36.00 target price on shares of Nanometrics in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Nanometrics has an average rating of “Hold” and a consensus price target of $32.00.
In other news, VP Greg Swyt sold 948 shares of the business’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $30.87, for a total transaction of $29,264.76. Following the completion of the sale, the vice president now owns 9,884 shares of the company’s stock, valued at approximately $305,119.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Pierre-Yves Lesaicherre sold 6,856 shares of the business’s stock in a transaction 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. In the last three months, insiders have sold 10,201 shares of company stock valued at $315,750. 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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