Stock on Watch: Nanometrics Incorporated (NANO)

Company Profile:

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. 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. 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 was founded in 1975 and is headquartered in Milpitas, California.

Recent News:

The company will release the second quarter earnings on July 24, 2017. Brokerages expect Nanometrics Incorporated  to report $66.40 million in sales for the quarter, according to Zacks. On average, analysts expect that Nanometrics will report full year sales of $66.40 million for the current fiscal year, with estimates ranging from $261.30 million to $265.00 million.

On May 02, 2017, the company reported revenues for the first quarter of 2017 were $59.3 million, slightly up from $59.2 million in the fourth quarter of 2016, and up 24.9% from $47.5 million in the first quarter of 2016. Net income was $5.4 million or $0.21 per diluted share, compared to $26.7 million or $1.04 per diluted share in the prior quarter and $3.5 million or $0.14 per diluted share in the first quarter of 2016.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

NANO’s strengths can be seen in its strong Growth and strong profitability compared with its peers. Its net income and revenue have increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator and RSI stands at 46.70 with positive bias. We rate Nanometrics Incorporated (NANO) a STRONG BUY.

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