Nanometrics Incorporated (NASDAQ:NANO) – Analysts at KeyCorp cut their Q3 2018 EPS estimates for Nanometrics in a research report issued on Tuesday. KeyCorp analyst W. Twigg now forecasts that the semiconductor company will earn $0.32 per share for the quarter, down from their previous forecast of $0.35. KeyCorp also issued estimates for Nanometrics’ Q1 2019 earnings at $0.45 EPS, Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.46 EPS and FY2019 earnings at $1.87 EPS.

Several other research firms also recently commented on NANO. Benchmark reiterated a “buy” rating and set a $34.00 target price on shares of Nanometrics in a research report on Friday, October 13th. Zacks Investment Research downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, BidaskClub upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th.

Shares of Nanometrics (NASDAQ:NANO) opened at $25.50 on Thursday. Nanometrics has a 1 year low of $22.08 and a 1 year high of $32.42. The company has a market cap of $678.20, a P/E ratio of 21.79, a P/E/G ratio of 1.23 and a beta of 1.65.

Nanometrics (NASDAQ:NANO) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. The company had revenue of $78.20 million for the quarter, compared to analyst estimates of $76.95 million. Nanometrics had a net margin of 11.68% and a return on equity of 12.05%. The firm’s revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS.

A number of large investors have recently bought and sold shares of NANO. JPMorgan Chase & Co. boosted its position in Nanometrics by 161.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 368,507 shares of the semiconductor company’s stock worth $10,539,000 after buying an additional 227,710 shares during the period. Dimensional Fund Advisors LP boosted its position in Nanometrics by 13.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,374,528 shares of the semiconductor company’s stock worth $34,762,000 after buying an additional 160,595 shares during the period. Ameriprise Financial Inc. boosted its position in Nanometrics by 72.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 320,772 shares of the semiconductor company’s stock worth $8,112,000 after buying an additional 134,802 shares during the period. BlackRock Inc. boosted its position in Nanometrics by 3.0% during the 4th quarter. BlackRock Inc. now owns 3,229,719 shares of the semiconductor company’s stock worth $80,486,000 after buying an additional 95,367 shares during the period. Finally, TrueNorth Inc. acquired a new stake in Nanometrics during the 4th quarter worth approximately $1,192,000. Institutional investors and hedge funds own 83.05% of the company’s stock.

In related news, CEO Timothy J. Stultz sold 14,166 shares of Nanometrics stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $25.93, for a total transaction of $367,324.38. Following the sale, the chief executive officer now directly owns 294,817 shares in the company, valued at approximately $7,644,604.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 14,781 shares of company stock worth $382,656. 6.70% of the stock is owned by corporate insiders.

Nanometrics declared that its Board of Directors has initiated a share buyback program on Wednesday, November 15th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://theolympiareport.com/2018/02/10/nanometrics-incorporated-nano-expected-to-earn-q3-2018-earnings-of-0-32-per-share.html.

About Nanometrics

Nanometrics Incorporated is a provider of process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, including sensors, optoelectronic devices, high-brightness (HB) light emitting diodes (LEDs), discretes and data storages components.

Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

Receive News & Ratings for Nanometrics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nanometrics and related companies with MarketBeat.com's FREE daily email newsletter.