Nanometrics Inc. (NASDAQ:NANO) shares reached a new 52-week high during trading on Thursday . The company traded as high as $21.84 and last traded at $21.34, with a volume of 33,681 shares changing hands. The stock had previously closed at $21.38.

A number of research analysts have recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $21.00 target price on shares of Nanometrics in a research report on Wednesday, June 1st. Benchmark Co. raised their price target on Nanometrics to $18.50 and gave the stock a “buy” rating in a research report on Tuesday, March 29th. TheStreet upgraded Nanometrics from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. Finally, Zacks Investment Research upgraded Nanometrics from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research report on Friday, April 29th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $20.83.

The company’s 50-day moving average is $19.61 and its 200 day moving average is $16.14. The stock has a market cap of $518.23 million and a PE ratio of 140.66.

Nanometrics (NASDAQ:NANO) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.10. The firm had revenue of $47.49 million for the quarter, compared to analysts’ expectations of $46.25 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities research analysts forecast that Nanometrics Inc. will post $1.06 EPS for the current year.

In related news, Director Bruce C. Rhine sold 13,014 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $17.85, for a total transaction of $232,299.90. Following the completion of the sale, the director now directly owns 814,686 shares in the company, valued at $14,542,145.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stanislaw M. Borowicz sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 27th. The stock was sold at an average price of $18.15, for a total value of $90,750.00. Following the sale, the vice president now owns 49,560 shares of the company’s stock, valued at $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 boosted its stake in Nanometrics Inc. (NASDAQ:NANO) by 20.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the SEC.

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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