BidaskClub upgraded shares of Nanometrics (NASDAQ:NANO) from a sell rating to a hold rating in a report published on Saturday.

NANO has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Nanometrics from a sell rating to a hold rating in a report on Wednesday, October 4th. Benchmark reiterated a buy rating and set a $34.00 price target on shares of Nanometrics in a report on Friday, October 13th.

Shares of Nanometrics (NASDAQ:NANO) opened at $26.75 on Friday. Nanometrics has a 1-year low of $23.73 and a 1-year high of $32.42. The company has a market cap of $667.51, a price-to-earnings ratio of 14.94, a P/E/G ratio of 1.35 and a beta of 1.75.

Nanometrics (NASDAQ:NANO) last posted its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Nanometrics had a net margin of 19.23% and a return on equity of 10.26%. The company had revenue of $56.70 million during the quarter, compared to analyst estimates of $56.53 million. During the same period in the prior year, the business posted $0.33 EPS. The firm’s revenue was down 3.4% compared to the same quarter last year. equities analysts expect that Nanometrics will post 1.16 EPS for the current year.

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

In other Nanometrics news, CEO Timothy J. Stultz sold 14,166 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $25.93, for a total value of $367,324.38. Following the completion of the transaction, the chief executive officer now directly owns 294,817 shares in the company, valued at approximately $7,644,604.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 14,781 shares of company stock valued at $382,656 over the last 90 days. Company insiders own 6.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of NANO. Hood River Capital Management LLC raised its holdings in Nanometrics by 72.5% in the 2nd quarter. Hood River Capital Management LLC now owns 880,612 shares of the semiconductor company’s stock worth $22,271,000 after purchasing an additional 370,127 shares in the last quarter. Teachers Advisors LLC raised its holdings in Nanometrics by 892.7% in the 2nd quarter. Teachers Advisors LLC now owns 396,002 shares of the semiconductor company’s stock worth $10,015,000 after purchasing an additional 356,109 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Nanometrics by 161.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 368,507 shares of the semiconductor company’s stock worth $10,539,000 after purchasing an additional 227,710 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Nanometrics by 134.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 351,648 shares of the semiconductor company’s stock worth $8,894,000 after purchasing an additional 201,969 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Nanometrics by 13.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,374,528 shares of the semiconductor company’s stock worth $34,762,000 after purchasing an additional 160,595 shares in the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

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Nanometrics Company Profile

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.

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