Is Nanometrics Incorporated (NANO) a Buy? The Stock Reaches 52-Week High Today

May 17, 2018 - By James Guidry

Investors sentiment increased to 1.16 in 2017 Q4. Its up 0.20, from 0.96 in 2017Q3. It increased, as 23 investors sold Nanometrics Incorporated shares while 33 reduced holdings. 20 funds opened positions while 45 raised stakes. 19.23 million shares or 4.70% less from 20.17 million shares in 2017Q3 were reported.
National Bank Of Montreal Can holds 0% or 49,043 shares. First Manhattan invested in 78,650 shares. Alliancebernstein Lp reported 0% in Nanometrics Incorporated (NASDAQ:NANO). Raymond James & Assocs reported 92,343 shares or 0% of all its holdings. Comml Bank Of America De invested 0% in Nanometrics Incorporated (NASDAQ:NANO). Fincl Bank Of Mellon Corporation invested in 0% or 459,085 shares. Mufg Americas Holding accumulated 0% or 29 shares. 11,862 were reported by Hbk Invests Lp. State Of Alaska Department Of Revenue reported 5,078 shares. Dupont Capital Mngmt Corporation reported 45,895 shares or 0.03% of all its holdings. 230,000 are held by State Of Wisconsin Board. Parametric Portfolio Ltd Limited Liability Company has 0% invested in Nanometrics Incorporated (NASDAQ:NANO) for 55,361 shares. Geode Lc reported 0% in Nanometrics Incorporated (NASDAQ:NANO). Michigan-based Comerica Natl Bank has invested 0% in Nanometrics Incorporated (NASDAQ:NANO). Blackrock holds 0% or 3.23M shares.

Since January 2, 2018, it had 0 insider purchases, and 16 insider sales for $5.90 million activity. 276 shares were sold by Borowicz Stanislaw M., worth $6,881 on Tuesday, January 2. BENTLEY J THOMAS also sold $362,800 worth of Nanometrics Incorporated (NASDAQ:NANO) shares. $52,938 worth of Nanometrics Incorporated (NASDAQ:NANO) was sold by Taylor Janet Therese. $67,190 worth of stock was sold by Heidrich Kevin on Thursday, February 22. Another trade for 339 shares valued at $8,451 was made by Kocher Rollin on Tuesday, January 2. $1.76M worth of Nanometrics Incorporated (NASDAQ:NANO) was sold by Rhine Bruce C.

The stock of Nanometrics Incorporated (NASDAQ:NANO) hit a new 52-week high and has $40.08 target or 4.00 % above today’s $38.54 share price. The 6 months bullish chart indicates low risk for the $920.74 million company. The 1-year high was reported on May, 17 by Barchart.com. If the $40.08 price target is reached, the company will be worth $36.83 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.44% or $0.17 during the last trading session, reaching $38.54. About 136,044 shares traded. Nanometrics Incorporated (NASDAQ:NANO) has declined 8.89% since May 17, 2017 and is downtrending. It has underperformed by 20.44% the S&P500.

Analysts await Nanometrics Incorporated (NASDAQ:NANO) to report earnings on August, 7. They expect $0.66 EPS, up 120.00 % or $0.36 from last year’s $0.3 per share. NANO’s profit will be $15.77 million for 14.60 P/E if the $0.66 EPS becomes a reality. After $0.67 actual EPS reported by Nanometrics Incorporated for the previous quarter, Wall Street now forecasts -1.49 % negative EPS growth.

Nanometrics Incorporated (NASDAQ:NANO) Ratings Coverage

Among 2 analysts covering Nanometrics (NASDAQ:NANO), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Nanometrics had 2 analyst reports since May 2, 2018 according to SRatingsIntel. The firm has “Buy” rating by Benchmark given on Wednesday, May 2. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, May 2.

More notable recent Nanometrics Incorporated (NASDAQ:NANO) news were published by: Seekingalpha.com which released: “Nanometrics’ (NANO) CEO Pierre Lesaicherre on Q1 2018 Results – Earnings Call Transcript” on May 02, 2018, also Globenewswire.com with their article: “Nanometrics Reports First Quarter 2018 Financial Results” published on May 01, 2018, Seekingalpha.com published: “KLA-Tencor Set To Substantially Underperform Competition In 2018” on May 07, 2018. More interesting news about Nanometrics Incorporated (NASDAQ:NANO) were released by: Nasdaq.com and their article: “Mid-Morning Market Update: Markets Mixed; Apple Earnings Top Expectations” published on May 02, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Day Market Update: Nanometrics Rises On Earnings Beat; Esperion Therapeutics Shares Drop” with publication date: May 02, 2018.

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. The company has market cap of $920.74 million. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements. It has a 32.94 P/E ratio. The company's materials characterization products include systems that are used to monitor the physical, optical, electrical, and material characteristics of discrete electronic industry, opto-electronic, high brightness LEDs, solar photovoltaics, compound semiconductor, strained silicon, and silicon-on-insulator devices, including composition, crystal structure, layer thickness, dopant concentration, contamination, and electron mobility.

Nanometrics Incorporated (NASDAQ:NANO) Institutional Positions Chart

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