Nanometrics Incorporated (NASDAQ:NANO) Short Interest Update

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Nanometrics Incorporated (NASDAQ:NANO) saw a significant decline in short interest in July. As of July 31st, there was short interest totalling 1,937,900 shares, a decline of 13.3% from the June 30th total of 2,234,000 shares. Based on an average daily trading volume, of 248,400 shares, the short-interest ratio is currently 7.8 days. Currently, 8.6% of the shares of the company are short sold.

NANO traded up $0.33 on Friday, reaching $28.14. 1,105 shares of the company’s stock were exchanged, compared to its average volume of 243,879. The stock has a market cap of $705.37 million, a PE ratio of 11.81 and a beta of 1.60. Nanometrics has a twelve month low of $25.52 and a twelve month high of $46.42. The stock’s fifty day moving average price is $32.68 and its 200-day moving average price is $31.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.34 and a quick ratio of 4.01.

Nanometrics (NASDAQ:NANO) last posted its earnings results on Tuesday, July 30th. The semiconductor company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $67.62 million for the quarter, compared to analyst estimates of $65.38 million. Nanometrics had a net margin of 10.58% and a return on equity of 10.97%. Nanometrics’s revenue was down 23.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. As a group, research analysts predict that Nanometrics will post 1.38 earnings per share for the current fiscal year.

In other news, Director Timothy J. Stultz sold 12,014 shares of Nanometrics stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $35.17, for a total value of $422,532.38. Following the sale, the director now owns 239,263 shares in the company, valued at $8,414,879.71. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Timothy J. Stultz sold 47,986 shares of Nanometrics stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $35.04, for a total transaction of $1,681,429.44. Following the completion of the sale, the director now owns 257,249 shares in the company, valued at approximately $9,014,004.96. The disclosure for this sale can be found here. Insiders sold 60,725 shares of company stock valued at $2,129,533 in the last ninety days. 6.10% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Royce & Associates LP boosted its holdings in Nanometrics by 23.9% in the 1st quarter. Royce & Associates LP now owns 457,807 shares of the semiconductor company’s stock valued at $14,137,000 after purchasing an additional 88,186 shares during the last quarter. Hancock Whitney Corp boosted its holdings in Nanometrics by 20.4% in the 1st quarter. Hancock Whitney Corp now owns 29,068 shares of the semiconductor company’s stock valued at $898,000 after purchasing an additional 4,922 shares during the last quarter. Globeflex Capital L P boosted its holdings in Nanometrics by 12.4% in the 1st quarter. Globeflex Capital L P now owns 36,905 shares of the semiconductor company’s stock valued at $1,140,000 after purchasing an additional 4,060 shares during the last quarter. Texas Permanent School Fund boosted its holdings in Nanometrics by 4.8% in the 1st quarter. Texas Permanent School Fund now owns 16,611 shares of the semiconductor company’s stock valued at $513,000 after purchasing an additional 764 shares during the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in Nanometrics in the 1st quarter valued at about $1,624,000. Institutional investors own 84.39% of the company’s stock.

Several analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $39.00 target price on shares of Nanometrics in a research report on Wednesday, July 31st. B. Riley began coverage on shares of Nanometrics in a research report on Wednesday, June 19th. They issued a “buy” rating and a $41.00 target price on the stock. BidaskClub lowered shares of Nanometrics from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Needham & Company LLC restated a “buy” rating and set a $42.00 price target (up from $37.00) on shares of Nanometrics in a research report on Wednesday, May 1st. Finally, DA Davidson upgraded shares of Nanometrics from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $32.00 to $40.00 in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Nanometrics has a consensus rating of “Buy” and a consensus target price of $40.00.

Nanometrics Company Profile

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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