Nanometrics Inc. (NASDAQ:NANO) shares reached a new 52-week high on Friday . The company traded as high as $20.91 and last traded at $20.83, with a volume of 72,714 shares traded. The stock had previously closed at $20.25.

A number of research analysts have weighed in on NANO shares. Benchmark Co. upped their target price on Nanometrics to $18.50 and gave the stock a “buy” rating in a report on Tuesday, March 29th. Zacks Investment Research downgraded Nanometrics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 6th. TheStreet raised Nanometrics from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price target on shares of Nanometrics in a research report on Wednesday, June 1st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $20.83.

The firm has a market cap of $509.70 million and a price-to-earnings ratio of 138.34. The stock’s 50-day moving average is $19.31 and its 200-day moving average is $16.02.

Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.10. During the same period in the previous year, the business earned $0.14 EPS. The firm earned $47.49 million during the quarter, compared to the consensus estimate of $46.25 million. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. Equities analysts anticipate that Nanometrics Inc. will post $1.06 earnings per share for the current fiscal year.

In other Nanometrics news, Director Bruce C. Rhine sold 13,014 shares of the firm’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $17.85, for a total value of $232,299.90. Following the completion of the sale, the director now owns 814,686 shares of the company’s stock, valued at $14,542,145.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Stanislaw M. Borowicz sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $18.15, for a total transaction of $90,750.00. Following the completion of the sale, the vice president now directly owns 49,560 shares of the company’s stock, valued at approximately $899,514. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Nanometrics stock. Wells Fargo & Company MN raised its stake in shares of Nanometrics Inc. (NASDAQ:NANO) by 20.6% during the fourth quarter, Holdings Channel reports. The fund owned 582,815 shares of the company’s stock after buying an additional 99,482 shares during the period. Wells Fargo & Company MN owned approximately 2.41% of Nanometrics worth $8,824,000 at the end of the most recent quarter.

Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness LEDs (HB-LED), discrete components and data storage devices. The Company’s automated and integrated systems address numerous 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.

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