Market Runner: What’s in Nanometrics Incorporated After Today’s Significant Decline?

Market Runner: What's in Nanometrics Incorporated After Today's Significant Decline?

The stock of Nanometrics Incorporated (NASDAQ:NANO) is a huge mover today! About 163,311 shares traded hands or 40.03% up from the average. Nanometrics Incorporated (NASDAQ:NANO) has risen 47.82% since March 9, 2016 and is uptrending. It has outperformed by 40.41% the S&P500.
The move comes after 9 months negative chart setup for the $477.47 million company. It was reported on Oct, 12 by We have $17.93 PT which if reached, will make NASDAQ:NANO worth $52.52M less.

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 $6.63 million for 17.99 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 4 analysts covering Nanometrics (NASDAQ:NANO), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Nanometrics has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. TheStreet downgraded Nanometrics Incorporated (NASDAQ:NANO) on Friday, October 16 to “Sell” rating. The firm has “Sector Weight” rating by Pacific Crest given on Wednesday, October 12. Stifel Nicolaus maintained the shares of NANO in a report on Monday, June 27 with “Buy” rating. As per Monday, August 10, the company rating was upgraded by DA Davidson.

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 is positive, 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.
State Street Corp accumulated 0% or 454,583 shares. Amp Investors Limited has invested 0% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO). Goldman Sachs holds 31,872 shares or 0% of its portfolio. Sentinel Asset Incorporated accumulated 0.13% or 255,159 shares. Credit Suisse Ag, a Switzerland-based fund reported 44,443 shares. Moreover, Manufacturers Life Insurance Com The has 0% invested in Nanometrics Incorporated (NASDAQ:NANO) for 16,425 shares. Blackrock Fund Advsrs owns 1.61M shares or 0.01% of their US portfolio. Teachers Retirement Sys Of The State Of Kentucky owns 5,400 shares or 0% of their US portfolio. Products Partners Ltd Llc owns 20,200 shares or 0.03% of their US portfolio. First Manhattan owns 80,700 shares or 0.01% of their US portfolio. Wedge Cap Mgmt L Ltd Partnership Nc last reported 0.01% of its portfolio in the stock. Dupont Cap Corporation has 0.02% invested in the company for 43,210 shares. Art Advsrs Llc holds 13,330 shares or 0.01% of its portfolio. Moreover, Axa has 0.01% invested in Nanometrics Incorporated (NASDAQ:NANO) for 91,300 shares. Moreover, Comerica Natl Bank has 0% invested in Nanometrics Incorporated (NASDAQ:NANO) for 24,331 shares.

Insider Transactions: Since April 27, 2016, the stock had 0 buys, and 10 sales for $1.00 million net activity. The insider Borowicz Stanislaw M. sold 1,630 shares worth $35,829. $22,428 worth of shares were sold by Taylor Janet Therese on Friday, July 1. 13,014 shares with value of $232,300 were sold by Rhine Bruce C on Monday, May 2. Another trade for 5,010 shares valued at $112,725 was sold by Andreson Jeff.

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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