BidaskClub downgraded shares of Nanometrics (NASDAQ:NANO) from a hold rating to a sell rating in a report released on Saturday, BidAskClub reports.

Other research analysts also recently issued research reports about the company. Needham & Company LLC reaffirmed a buy rating and issued a $10.00 price objective (down previously from $15.00) on shares of Nabriva Therapeutics in a research note on Wednesday, May 1st. B. Riley set a $14.00 target price on shares of SM Energy and gave the company a hold rating in a research report on Wednesday, June 19th. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. DA Davidson assumed coverage on shares of Uber Technologies in a research report on Wednesday, May 1st. They set a neutral rating and a $53.00 target price for the company. Finally, Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $39.50.

NANO stock opened at $33.12 on Friday. The company has a market capitalization of $812.60 million, a PE ratio of 13.97, a P/E/G ratio of 1.95 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.24 and a quick ratio of 3.98. Nanometrics has a 12 month low of $25.52 and a 12 month high of $48.26. The business has a 50-day moving average of $32.63.

Nanometrics (NASDAQ:NANO) last posted its earnings results on Tuesday, April 30th. The semiconductor company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The company had revenue of $67.10 million during the quarter, compared to the consensus estimate of $64.82 million. Nanometrics had a return on equity of 15.43% and a net margin of 14.30%. The firm’s revenue was down 18.5% compared to the same quarter last year. During the same period last year, the company posted $0.67 EPS. Sell-side analysts forecast that Nanometrics will post 1.43 EPS for the current fiscal year.

In other news, Director Timothy J. Stultz sold 12,014 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $35.17, for a total transaction of $422,532.38. Following the completion of the sale, the director now owns 239,263 shares of the company’s stock, valued at approximately $8,414,879.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy J. Stultz sold 47,986 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $35.04, for a total transaction of $1,681,429.44. Following the sale, the director now directly owns 257,249 shares of the company’s stock, valued at approximately $9,014,004.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,725 shares of company stock valued at $2,129,533. Insiders own 6.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cutler Group LP lifted its holdings in shares of Nanometrics by 16,666.7% in the 1st quarter. Cutler Group LP now owns 1,509 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 1,500 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Nanometrics by 126.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,273 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 1,268 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Nanometrics in the 4th quarter worth $69,000. Penserra Capital Management LLC lifted its holdings in shares of Nanometrics by 71.8% in the 1st quarter. Penserra Capital Management LLC now owns 2,685 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 1,122 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Nanometrics by 28.6% in the 1st quarter. Advisors Asset Management Inc. now owns 3,703 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 824 shares in the last quarter. Institutional investors own 85.76% of the company’s stock.

About Nanometrics

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices, and industrial and scientific applications worldwide. The company offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress metrology 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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Analyst Recommendations for Nanometrics (NASDAQ:NANO)

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