The stock of Nanometrics Incorporated (NASDAQ:NANO) is a huge mover today! About 115,314 shares traded hands or 7.83% up from the average. Nanometrics Incorporated (NASDAQ:NANO) has risen 51.88% since March 3, 2016 and is uptrending. It has outperformed by 43.53% the S&P500.
The move comes after 5 months positive chart setup for the $592.77 million company. It was reported on Oct, 6 by Barchart.com. We have $32.42 PT which if reached, will make NASDAQ:NANO worth $225.25 million more.
Analysts await Nanometrics Incorporated (NASDAQ:NANO) to report earnings on November, 3. They expect $0.28 EPS, up 460.00% or $0.23 from last year’s $0.05 per share. NANO’s profit will be $7.07M for 20.97 P/E if the $0.28 EPS becomes a reality. After $0.26 actual EPS reported by Nanometrics Incorporated for the previous quarter, Wall Street now forecasts 7.69% EPS growth.
Nanometrics Incorporated (NASDAQ:NANO) Ratings Coverage
Out of 3 analysts covering Nanometrics (NASDAQ:NANO), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. Nanometrics has been the topic of 4 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Stifel Nicolaus on Monday, June 27. The firm has “Sell” rating given on Friday, October 16 by TheStreet. DA Davidson upgraded the stock to “Neutral” rating in Monday, August 10 report.
According to Zacks Investment Research, “Nanometrics Inc. is a leader in the design, manufacture, marketing, and support of process monitoring systems for the semiconductor, data storage, and flat panel display industries. The company’s primary products are thin film measurement/analysis and overlay metrology systems. These products are used to analyze manufacturing quality at critical steps in production and to provide feedback for production control or notification of out-of-control processes.”
Insitutional Activity: The institutional sentiment increased to 2.25 in 2016 Q2. Its up 0.46, from 1.79 in 2016Q1. The ratio increased, as 6 funds sold all Nanometrics Incorporated shares owned while 26 reduced positions. 30 funds bought stakes while 42 increased positions. They now own 19.93 million shares or 0.04% more from 19.93 million shares in 2016Q1.
Panagora Asset has invested 0% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO). Pub Employees Retirement Association Of Colorado has 0% invested in the company for 11,459 shares. Metropolitan Life Insur Ny has invested 0% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO). Fmr Ltd Liability Com holds 0% or 134,900 shares in its portfolio. Prudential Financial Inc has invested 0% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO). Kbc Gru Nv accumulated 0% or 12,837 shares. Paradigm Asset Mngmt Communication Limited has invested 0% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO). Glenmede Communications Na holds 95 shares or 0% of its portfolio. Legal And General Group Inc Pcl has invested 0% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO). Wells Fargo Com Mn last reported 700,515 shares in the company. Moreover, Teachers Retirement Of The State Of Kentucky has 0% invested in Nanometrics Incorporated (NASDAQ:NANO) for 5,400 shares. Blackrock Institutional Na reported 702,223 shares or 0% of all its holdings. Nationwide Fund accumulated 0% or 15,231 shares. Moreover, First Manhattan has 0.01% invested in Nanometrics Incorporated (NASDAQ:NANO) for 80,700 shares. California Public Employees Retirement Systems holds 0% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO) for 96,855 shares.
Insider Transactions: Since April 27, 2016, the stock had 0 buys, and 10 insider sales for $1.00 million net activity. 1,093 shares were sold by Taylor Janet Therese, worth $22,428. On Friday, July 1 the insider Rhine Bruce C sold $205,100. The insider Borowicz Stanislaw M. sold $7,613. On Thursday, September 22 the insider Andreson Jeff sold $112,725.
NANO Company Profile
Nanometrics Incorporated (Nanometrics), incorporated on January 18, 2005, provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The Firm operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems. The Company’s automated and integrated systems address process control applications, including critical dimension and film thickness measurement, device topography, defect inspection, and analysis of various other film properties, such as optical, electrical and material characteristics. The Company’s process control solutions are deployed throughout the fabrication process, from front-end-of-line substrate manufacturing, to high-volume production of semiconductors and other devices, to advanced wafer-scale packaging applications.
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